Indiabulls Ventures standalone net profit declines 51.46% in the March 2018 quarter

Sales rise 29.50% to Rs 35.51 crore

Net profit of Indiabulls Ventures declined 51.46% to Rs 9.30 crore in the quarter ended March 2018 as against Rs 19.16 crore during the previous quarter ended March 2017. Sales rose 29.50% to Rs 35.51 crore in the quarter ended March 2018 as against Rs 27.42 crore during the previous quarter ended March 2017.

For the full year,net profit rose 10.68% to Rs 52.12 crore in the year ended March 2018 as against Rs 47.09 crore during the previous year ended March 2017. Sales rose 53.86% to Rs 128.63 crore in the year ended March 2018 as against Rs 83.60 crore during the previous year ended March 2017.

ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales35.5127.42 30 128.6383.60 54 OPM %47.0945.11 -45.1143.64 - PBDT14.0624.49 -43 71.9660.89 18 PBT13.6224.18 -44 70.3159.27 19 NP9.3019.16 -51 52.1247.09 11

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