Indiabulls Real Estate jumps on reporting consolidated net profit of Rs 5 crore in Q1
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Indiabulls Real Estate is currently trading at Rs. 143.20, up by 0.70 points or 0.49% from its previous closing of Rs. 142.50 on the BSE.
The scrip opened at Rs. 142.10 and has touched a high and low of Rs. 146.00 and Rs. 141.10 respectively. So far 161102 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 174.80 on 26-Jul-2021 and a 52 week low of Rs. 46.35 on 04-Nov-2020.
Last one week high and low of the scrip stood at Rs. 156.85 and Rs. 141.05 respectively. The current market cap of the company is Rs. 6524.43 crore.
The promoters holding in the company stood at 11.99%, while Institutions and Non-Institutions held 18.08% and 69.93% respectively.
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.
