In­di­a­b­ulls Real Es­tate Q4 net profit falls down

Accommodation Times - - .. Current Affairs.. -

In­di­a­b­ulls Real Es­tate Ltd re­ported a 20% fall in profit for the March quar­ter due to slow and slug­gish eco­nomic growth. Net profit de­clined to Rs.41.6 crore in the three months ended 31 March, from Rs.52 crore in the cor­re­spond­ing year-ago quar­ter. To­tal in­come from op­er­a­tions fell 21% to Rs. 327.6 crore from Rs.412 crore a year ago. The de­vel­oper, which has both res­i­den­tial and commercial real es­tate projects, sold around 3.40 mil­lion sq.ft. of space in fis­cal 2014, higher than about 2.82 mil­lion sq.ft. a year ago, the com­pany men­tioned.

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