Indiabulls Real Estate reports consolidated net profit of Rs 5.54 crore in Q2
16th Oct 2021

Indiabulls Real Estate has reported results for second quarter ended September 30, 2021.

The company has reported net loss of Rs 11.83 crore for the quarter under review as compared to net loss of Rs 32.59 crore for the same quarter in the previous year. Total income of the company decreased by 84.78% at Rs 2.29 crore for Q2FY22 as compared Rs 15.05 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net profit attributable to owners of Rs 5.54 crore for the quarter under review as against net loss of Rs 76.14 crore for the same quarter in the previous year. Total income of the company reported above 7-fold jump at Rs 381.25 crore for Q2FY22 as compared Rs 50.70 crore for the corresponding quarter previous year.