27 May 2019 | 12:26 AM

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COMPANYNEWS
Indiabulls Real Esta posts Q4 net profit of Rs 126.93 cr
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Published on 04-24-2019
The company reported standalone net profit during the quarter stood at Rs 126.93 crore compared to net loss of Rs 7.16 crore in the previous year quarter.


Net revenue of the company declined substantially by 47.85 per cent at Rs 5.46 crore in January-March quarter of this fiscal as against Rs 10.47 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 99.17 per cent to Rs 19.10 crore from Rs 9.59 crore in year ago period.


Other Income grew by 277.28 per cent at Rs 279.41 crore versus (Mar`18 Rs 74.06 crore).


Operating Profit slipped by 1651.14 per cent to Rs -13.65 crore as against Rs 0.88 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 3077.14 per cent in March quarter.


Interest grew by 17.23 per cent y-o-y to Rs 97.24 crore while Taxation increased by 3934.26 per cent at Rs 41.41 crore (Mar`18 Rs -1.08 crore).