Indiabulls Real Estate jumped 5.02% to Rs 64.90 at 10:30 IST on BSE after consolidated net profit rose 133.39% to Rs 90.68 crore on 20.51% increase in total income to Rs 751.34 crore in Q1 June 2015 over Q1 June 2014.
The result was announced after market hours yesterday, 3 August 2015.
Meanwhile, the S&P BSE Sensex was down 139.41 points or 0.51% at 28,047.19.
On BSE, so far 9.37 lakh shares were traded in the counter as against average daily volume of 13.22 lakh shares in the past one quarter.
The stock hit a high of Rs 66.80 and a low of Rs 64.35 so far during the day. The stock had hit a 52-week high of Rs 86.90 on 2 February 2015. The stock had hit a 52-week low of Rs 41 on 18 June 2015.
The stock had outperformed the market over the past one month till 3 August 2015, rising 10.36% compared with Sensex's 0.34% gain. The scrip had however underperformed the market in past one quarter, gaining 3.87% as against Sensex's 4.35% gain.
The mid-cap company has equity capital of Rs 92.34 crore. Face value per share is Rs 2.
Indiabulls Real Estate's EBITDA (earnings before interest, taxes, depreciation and amortization) rose 67% to Rs 249.40 crore in Q1 June 2015 over Q1 June 2014. Earnings per share (EPS) stood at Rs 2.13 per share in Q1 June 2015 compared with Rs 0.92 per share in Q1 June 2014.
As per the summary of planned and ongoing projects, the company expects net surplus of Rs 21513 crore by 2019. Net surplus includes value of unsold inventory and pending collection minus pending construction costs.
The company has planned net debt reduction of Rs 600 crore for the year ending 31 March 2016 (FY 2016). Net debt of the company stood at Rs 5461 crore as at 30 June 2015.
Indiabulls Real Estate is one of the largest real estate company in India with development projects spread across high-end office and commercial complexes, premium residential developments, mega townships, retail spaces, hotel and resorts, state of the art special economic zones and infrastructure development. It has 31 ongoing projects totaling 72.86 million square feet, 2588 acres of SEZ development and additional land bank of 1001.43 acres.
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