Indiabulls Real Estate Q2 net jumps 2-fold to Rs 141.6 cr

Indiabulls Real Estate Q2 net jumps 2-fold to Rs 141.6 cr

24/10/2016 16:20

Indiabulls Real Estate Ltd on Monday reported a jump of nearly two-fold in it’s consolidated net profit after taxes (PAT) at Rs 141.6 crore for the second quarter ended September 30, 2016.

The consolidated PAT of the company stood at Rs 70.63 crore during the corresponding period a year ago, Indiabulls Real Estate Ltd said in a regulatory filing to the BSE on October 24, 2016.

Further, its consolidated total income (including other income) grew by 15.3 per cent at Rs 911.91 crore during Q2 FY 17, as compared to Rs 790.58 crore during the same period last fiscal.

During the quarter under review, its other income jumped to Rs 201.31 crore, from Rs 68.09 crore in the September quarter of FY 16.

Buoyed by earnings, shares of the company closed at Rs 86.50 apiece, up 2.13 per cent, from previous close on BSE.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s