Indiabulls Real Estate Q4 Profit Down 37% at .₹ 59 cr
Indiabulls Real Estate on Monday reported 37% decline in consolidated net profit at .₹ 58.9 crore for March quarter on the back of higher finance cost and tax expenses. The company had posted a net profit of .₹ 93.13 crore in the year-ago period, the company said in a regulatory filing. However, the company's income from operations surged 9% to .₹ 668.9 crore against .₹ 614.16 crore in the same period a year ago. Total income rose to .₹ 684.6 crore in the quarter under review compared with .₹ 630.7 crore. Net profit fell during the quarter as company's finance cost increased to .₹ 81.4 crore from .₹ 41.1 crore in the year-ago period.