Indiabulls Real Estate Q3 net profit up 2% at Rs 80.44 crore

Indiabulls Real Estate Ltd (IBREL) today reported a 2 per cent increase in its consolidated net profit at Rs 80.44 crore for the December quarter.
It had posted a net profit of Rs 78.75 crore in the year ago period, the Mumbai-based firm said in a BSE filing.
Income from operations rose to Rs 664.36 crore during the quarter under review as against Rs 652.11 crore in the corresponding period.
However, total income declined to Rs 681.48 crore in the third quarter of the current fiscal from Rs 728.79 crore in the year-ago period.
The other income fell to Rs 17.11 crore from Rs 76.67 crore during the period under review.

The company's shares today closed 3.63 per cent up at Rs 51.35 apiece on BSE.