Indiabulls Real Estate consolidated net profit declines 3.73% in the March 2017 quarter

Sales decline 38.36% to Rs 437.03 crore

Net profit of Indiabulls Real Estate declined 3.73% to Rs 60.18 crore in the quarter ended March 2017 as against Rs 62.51 crore during the previous quarter ended March 2016. Sales declined 38.36% to Rs 437.03 crore in the quarter ended March 2017 as against Rs 709.04 crore during the previous quarter ended March 2016.

For the full year,net profit rose 11.00% to Rs 356.67 crore in the year ended March 2017 as against Rs 321.33 crore during the previous year ended March 2016. Sales declined 21.60% to Rs 2320.34 crore in the year ended March 2017 as against Rs 2959.45 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales437.03709.04 -38 2320.342959.45 -22 OPM %32.5528.18 -27.8130.33 - PBDT115.41107.24 8 608.52533.79 14 PBT96.2890.30 7 537.09464.31 16 NP60.1862.51 -4 356.67321.33 11

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