Indiabulls Real Estate net profit declines 95.44% in the June 2014 quarter

Sales decline 42.38% to Rs 11.76 crore

Net profit of Indiabulls Real Estate declined 95.44% to Rs 2.33 crore in the quarter ended June 2014 as against Rs 51.09 crore during the previous quarter ended June 2013. Sales declined 42.38% to Rs 11.76 crore in the quarter ended June 2014 as against Rs 20.41 crore during the previous quarter ended June 2013. ParticularsQuarter Ended Jun. 2014Jun. 2013% Var.Sales11.7620.41 -42 OPM %53.7432.68 -PBDT3.9059.53 -93 PBT2.6358.72 -96 NP2.3351.09 -95

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