Indiabulls Real Estate standalone net profit declines 99.35% in the March 2016 quarter

Sales decline 6.38% to Rs 3.96 crore

Net profit of Indiabulls Real Estate declined 99.35% to Rs 0.11 crore in the quarter ended March 2016 as against Rs 17.01 crore during the previous quarter ended March 2015. Sales declined 6.38% to Rs 3.96 crore in the quarter ended March 2016 as against Rs 4.23 crore during the previous quarter ended March 2015.

For the full year,net profit rose 139.20% to Rs 55.16 crore in the year ended March 2016 as against Rs 23.06 crore during the previous year ended March 2015. Sales declined 51.04% to Rs 17.38 crore in the year ended March 2016 as against Rs 35.50 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales3.964.23 -6 17.3835.50 -51 OPM %-189.65-67.38 --109.6712.00 - PBDT0.932.32 -60 60.4413.53 347 PBT0.501.30 -62 57.508.87 548 NP0.1117.01 -99 55.1623.06 139

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