In­di­a­b­ulls Real Es­tate Q4 Profit Down 37% at .₹ 59 cr

The Economic Times - - Economy: Macro, Micro & More -

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.

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