Indiabulls Real Estate standalone net profit rises 88.64% in the March 2017 quarter

Sales rise 59.34% to Rs 6.31 crore

Net profit of Indiabulls Real Estate rose 88.64% to Rs 5.15 crore in the quarter ended March 2017 as against Rs 2.73 crore during the previous quarter ended March 2016. Sales rose 59.34% to Rs 6.31 crore in the quarter ended March 2017 as against Rs 3.96 crore during the previous quarter ended March 2016.

For the full year,net profit declined 73.53% to Rs 17.35 crore in the year ended March 2017 as against Rs 65.55 crore during the previous year ended March 2016. Sales rose 56.50% to Rs 27.20 crore in the year ended March 2017 as against Rs 17.38 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales6.313.96 59 27.2017.38 57 OPM %-76.23-256.06 --61.21-169.68 - PBDT1.024.83 -79 18.2575.22 -76 PBT0.754.40 -83 16.9172.28 -77 NP5.152.73 89 17.3565.55 -74

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