Indiabulls Real Estate, one of the largest real estate companies in India, witnessed a rise in share price on Tuesday after the company disclosed a sharp rise in consolidated net profit for the quarter ended March 2017.
During the quarter, the profit of the company rose 23.69 times to Rs 16,468.29 million from Rs 695.17 million in the same quarter last year.
Revenues for the quarter for the quarter rose 3.79 times to Rs 20,680.33 million, compared with Rs 5,451.52 million for the prior year period.
Shares of the company are trading at Rs 211.55, up Rs 6.65, or 3.25% at the Bombay Stock Exchange (BSE) on Thursday at 12:46 p.m.
The scrip has touched an intra-day high of Rs 223.90 and low of Rs 208.30. The total volume of shares traded at the BSE is 2,944,387.