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Indiabulls Real Estate net profit declines 91.05% in the March 2014 quarter

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Capital Market

Sales decline 64.57% to Rs 27.22 crore

Net profit of Indiabulls Real Estate declined 91.05% to Rs 10.83 crore in the quarter ended March 2014 as against Rs 121.05 crore during the previous quarter ended March 2013. Sales declined 64.57% to Rs 27.22 crore in the quarter ended March 2014 as against Rs 76.82 crore during the previous quarter ended March 2013.

For the full year,net profit declined 46.18% to Rs 144.55 crore in the year ended March 2014 as against Rs 268.56 crore during the previous year ended March 2013. Sales declined 76.08% to Rs 84.90 crore in the year ended March 2014 as against Rs 354.86 crore during the previous year ended March 2013.

 
ParticularsQuarter EndedYear EndedMar. 2014Mar. 2013% Var.Mar. 2014Mar. 2013% Var.Sales27.2276.82 -65 84.90354.86 -76 OPM %50.0080.33 -28.7569.20 - PBDT15.70143.93 -89 160.46344.65 -53 PBT14.92143.08 -90 157.25341.32 -54 NP10.83121.05 -91 144.55268.56 -46

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First Published: Apr 23 2014 | 8:15 AM IST

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