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Mumbai, May 12

Indiabulls Real Estate Ltd has posted a net profit of Rs 27.82 crore for the quarter ended March 31, 2008, compared with Rs 6 crore for the quarter ended March 31, 2007. Total income increased to Rs 55.13 crore (Rs 14.39 crore). For the year ended March 31, 2008, the company registered a net profit of Rs 468 crore (Rs 13.11 crore). The board of directors has recommended a dividend of Rs 13.50 per equity share (675 per cent on the face value of Rs 2 per equity share). On th e BSE, the stock closed at Rs 517.90 on Monday, down 4.17 per cent. —

Our Bureau

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