Indiabulls Real Estate announced a sharp rise in consolidated net profit for the quarter ended September 2015. During the quarter, the profit of the company rose 2.01 times to Rs 750.11 million from Rs 373.40 million in the same quarter previous year.
Revenues for the quarter declined 11.31% to Rs 6,683.80 million, compared with Rs 7,536.33 million for the prior year period.
Operating margin for the quarter stood at 19.82 percent as compared to 23.30 percent for the previous year period. Operating Income for the quarter was Rs 1,324.72 million, compared with Rs 1755.92 million in the previous year period.
Earnings per share for the quarter stood at Rs 1.65, registering 87.50% growth over previous year period.
Quarterly Results - Consolidated (Rs in mn) |
As at | Sep - 15 | Sep - 14 | %Change |
Revenues | 6,683.80 | 7,536.33 | (11.31) |
Net Profit | 750.11 | 373.40 | 100.89 |
Diluted EPS | 1.65 | 0.88 | 87.50 |
Shares of the company gained Rs 0.5, or 0.7%, to trade at Rs 71.50. The total volume of shares traded was 26,868 at the BSE (9.22 a.m., Wednesday).