Indiabulls Real Estate shares jump nearly 5% post earnings

The stock price of Indiabulls Real Estate Ltd rose by nearly 5 per cent today, after the company reported more than two-fold jump in consolidated net profit for the third quarter ended December 31.
After climbing 7.78 per cent to Rs 78.95 in intra-day trade, shares of the company finally ended at Rs 76.85, up 4.91 per cent on the BSE.
On the NSE, they settled with a gain of 4.92 per cent at Rs 76.70.
In the process, the company's market capitalisation rose by Rs 153.95 crore to Rs 3,265.95 crore.
On the volume front, 31.86 lakh shares of the company changed hands at the BSE and over one crore shares were traded at the NSE during the day.

Indiabulls Real Estate reported more than two-fold jump in consolidated net profit at Rs 78.75 crore for the third quarter ended December 31 on higher sales.

Its net profit was Rs 28.36 crore in the October-December period of 2013-14.
Income from operations rose 45 per cent to Rs 652.11 crore in the third quarter of 2014-15, as against Rs 449.67 crore in the year-ago period.
Its total income increased to Rs 728.79 crore for the quarter ended December from Rs 462.56 crore in the year-ago period.