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Indiabulls Real Estate standalone net profit declines 92.54% in the September 2016 quarter

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Capital Market

Sales rise 89.25% to Rs 8.10 crore

Net profit of Indiabulls Real Estate declined 92.54% to Rs 3.53 crore in the quarter ended September 2016 as against Rs 47.34 crore during the previous quarter ended September 2015. Sales rose 89.25% to Rs 8.10 crore in the quarter ended September 2016 as against Rs 4.28 crore during the previous quarter ended September 2015. ParticularsQuarter EndedSep. 2016Sep. 2015% Var.Sales8.104.28 89 OPM %-19.63-215.89 -PBDT6.1052.56 -88 PBT5.7251.63 -89 NP3.5347.34 -93

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First Published: Oct 24 2016 | 4:46 PM IST

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