Indiabulls Real Estate reports 95% fall in Q4 consolidated net profit
24th Apr 2019

Indiabulls Real Estate has reported results for the fourth quarter and year ended March 31, 2019. 

The company has reported a net profit of Rs 126.93 crore for the quarter ended March 31, 2019 as against net loss of Rs 7.16 crore for the same quarter in the previous year. Total income of the company Jump around 3-fold at Rs 284.87 crore for quarter under review as compared to Rs 84.53 crore for the quarter ended March 31, 2018.

On consolidated basis, the company has reported fall of 95.02% in its net profit at Rs 108.61 crore for the quarter ended March 31, 2019 as compared to Rs 2181.21  crore for the corresponding quarter in the FY18. Total consolidated income of the company decreased by 37.10% at Rs 2040.61 crore for quarter under review as compared to Rs 3244.25 crore for the same quarter ended previous year.

For the year ended March 31, 2019, the company has posted its net profit at Rs 106.01 crore as against net loss of Rs 19.75 crore for the previous year. Total income of company increased 44.76% at Rs 554.72 crore for year under review as compared to Rs 383.21 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted fall of 78.63% in its net profit at Rs 504.32 crore as compared to Rs 2359.56 crore for the previous year. However, total income of company increased by 10.38% at Rs 5222.93 crore for year under review as compared to Rs 4731.84 crore for year ended March 31, 2018.