Indiabulls Real Estate reports consolidated net profit of Rs 5 crore in Q1
9th Aug 2021

Indiabulls Real Estate has reported results for first quarter ended June 30, 2021.

The company has reported net loss of Rs 15.24 crore for the quarter under review as compared to net loss of Rs 72.29 crore for the same quarter in the previous year. Total income of the company decreased by 73.29% at Rs 3.43 crore for Q1FY22 as compared to Rs 12.84 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net profit attributed to the owners at Rs 4.76 crore for the quarter under review as compared to net loss of Rs 94.56 crore for the same quarter in the previous year. Total income of the company jumped by around 6-fold at Rs 532.03 crore for Q1FY22 as compared to Rs 95.04 crore for the corresponding quarter previous year.