Indiabulls Real Estate Q1 net up 92% at Rs 72.6 crore

PTI | | Updated on: Jul 24, 2013

Indiabulls Real Estate Ltd on Wednesday reported jump of 92.36 per cent in consolidated net profit at Rs 72.6 crore for the quarter ended June 30 on account of higher sales.

It had posted net profit of Rs 37.74 crore in the year- ago period, according to the company’s filing to the Bombay Stock Exchange (BSE).

Total income from operations jumped more than two-fold at Rs 508.33 crore during April-June quarter of 2013-14 fiscal, as against Rs 214.66 crore in Q1, 2012-13.

Profits in the first quarter rode on 2-fold increase in sales to Rs 507.30 crore, from Rs 214.19 crore in the corresponding period of last fiscal.

The Board of Directors at its meeting held today has declared an interim dividend of Re 1 per equity shares for the financial year 2013-14.

Share price of the company fell by 3.39 per cent at Rs 71.20 on BSE.

Published on July 24, 2013
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