Indiabulls Real Estate has reported a 70 per cent dip in net profit at Rs 6.87 crore for the quarter ended September 30, 2008, as against Rs 22.77 crore for the corresponding quarter last year.
The company's total income has increased to about Rs 49.61 crore for the quarter, as against Rs 37.34 crore for the same period a year ago.
On a consolidated basis, the group has posted a net profit of Rs 7.99 crore for the quarter ended September 30, 2008, as compared to about Rs 34.15 crore for the same quarter in the previous year, representing a decline of about 76.6 per cent. The group's total income has increased from Rs 78.21 crore for the quarter to Rs 143.82 crore for the corresponding quarter a year ago.
