Indiabulls Real Estate skids after disappointing Q4 results

Indiabulls Real Estate dropped 4.44% to Rs 149.55 at 133:45 IST on BSE after consolidated net profit fell 3.73% to Rs 60.18 crore on 25.84% fall in total income to Rs 545.15 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 27 April 2017.

Meanwhile, the S&P BSE Sensex was down 102.53 points or 0.34% at 29,927.21. The S&P BSE Mid-Cap index was up 41.50 points or 0.28% at 14,813.95.

On the BSE, 29.36 lakh shares were traded on the counter so far as against the average daily volumes of 24.05 lakh shares in the past two weeks. The stock had hit a high of Rs 155.50 and a low of Rs 144.65 so far during the day. The stock had hit a 52-week high of Rs 164 on 26 April 2017. The stock had hit a 52-week low of Rs 56.10 on 27 April 2016.

The mid-cap company has equity capital of Rs 95.68 crore. Face value per share is Rs 2.

Indiabulls Real Estate's earnings before interest, taxes, depreciation and amortization (EBITDA) margin excluding non operating income rose to 32.55% in Q4 March 2017 from 28.18% in Q4 March 2016.

Indiabulls Real Estate is a real estate development company with development projects spread across office and commercial complexes, premium residential developments, mega townships, retail spaces, hotel and resorts, special economic zones and infrastructure development.

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