Indiabulls Real Estate rose 2.65% to Rs 87.25 at 9:33 IST on BSE after consolidated net profit rose 29.55% to Rs 116.83 crore on 7.07% growth in total income to Rs 894.32 crore in Q1 June 2016 over Q1 June 2015.
The result was announced after market hours yesterday, 10 August 2016.Meanwhile, the BSE Sensex was down 15.58 points, or 0.06%, to 27,759.30.
On BSE, so far 4.41 lakh shares were traded in the counter, compared with average daily volume of 19.35 lakh shares in the past one quarter. The stock hit a high of Rs 89.10 and a low of Rs 85.70 so far during the day. The stock hit a 52-week high of Rs 105.25 on 30 May 2016. The stock hit a 52-week low of Rs 42.25 on 12 February 2016. The stock had underperformed the market over the past 30 days till 10 August 2016, falling 11.18% compared with 0.12% decline in the Sensex. The scrip had also underperformed the market in past one quarter, rising 1.86% as against Sensex's 7.70% rise.
The mid-cap company has equity capital of Rs 101.13 crore. Face value per share is Rs 2.
Indiabulls Real Estate's consolidated EBITDA (earnings before interest, taxes, depreciation and amortization), excluding non-operating income, rose 8.20% to Rs 299.63 crore in Q1 June 2016 over Q1 June 2015.
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EBITDA margin (excluding non-operating income) was reported at 34.30% in Q1 June 2016 compared with 33.90% in Q1 June 2015.
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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