Indiabulls Real Estate reports consolidated net loss of Rs 119.58 crore in Q1
16th Aug 2019

Indiabulls Real Estate has reported results for first quarter ended June 30, 2019. 

The company has reported net loss of Rs 56.09 crore for the quarter under review as compared to net loss of Rs 27.98 crore for the same quarter in the previous year. However, total income of the company increased by 51.49% at Rs 88.49 crore for Q1FY20 as compared Rs 58.41 crore for the corresponding quarter previous year.    

On the consolidated basis, the company has reported net loss of Rs 119.58 crore for the quarter under review as compared to net profit of Rs 117.44 crore for the same quarter in the previous year. However, total income of the company increased by 4.11% at Rs 869.34 crore for Q1FY20 as compared Rs 835 crore for the corresponding quarter previous year.