Indiabulls Real Estate rose 6.28% to Rs 77.85 at 14:09 IST on BSE after consolidated net profit surged 177.68% to Rs 78.75 crore on 57.56% increase in total income to Rs 728.79 crore in Q3 December 2014 over Q3 December 2013.
The result was announced during trading hours today, 12 February 2015.
Meanwhile, the BSE Sensex was flat at 28,535.02.
On BSE, so far 24.37 lakh shares were traded in the counter, compared with an average volume of 12.77 lakh shares in the past one quarter.
The stock hit a high of Rs 78.95 and a low of Rs 73.50 so far during the day. The stock hit a 52-week high of Rs 109.45 on 4 June 2014. The stock hit a 52-week low of Rs 45.10 on 26 February 2014.
The stock had outperformed the market over the past one month till 11 February 2015, rising 6.62% compared with 3.92% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 6.69% as against Sensex's 2.24% rise.
The mid-cap company has an equity capital of Rs 85 crore. Face value per share is Rs 2.
Indiabulls Real Estate said its net debt stood at Rs 5337 crore in Q3 December 2014 compared with Rs 5,083 in Q2 September 2014.
Net debt/equity ratio stood at 0.76 in Q3 December 2014.
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, special economic zones and infrastructure development.
Powered by Capital Market - Live News
