 "Indiabulls Real Estate Q2 net soars two-fold to Rs 75 crore")
Indiabulls Real Estate Ltd today reported a two-fold increase in consolidated net profit at Rs 75.01 crore for the second quarter ended September 30 helped by sale of investments.
The company had posted a net profit of Rs 37.33 crore in the year-ago period.
Total income from operations declined 18.67% to Rs 605.73 crore during the said quarter compared with Rs 744.79 crore a year earlier, Indiabulls Real Estate said in a filing to BSE.
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The company recorded gains of Rs 51.34 crore from sale of investments in the quarter under review.
The stock was trading at Rs 69.75 on BSE, down 1.76%.
