Indiabulls Real Estate Limited (IBREALEST) is a leading real estate developer in India, engaged in the development of premium residential and commercial properties. The company has a pan-India presence and operates across key cities such as Mumbai, Delhi, Chennai, Hyderabad, and Ahmedabad.
The company’s portfolio consists of premium residential projects, commercial office spaces, hotels, and retail spaces. The company’s primary focus is on the development of high-end properties that cater to the luxury segment of the market. IBREL has a strong track record of delivering quality projects on time and has won several awards for its developments.
Indiabulls Real Estate reported its financial results for the quarter ended December 31, 2022. The company reported consolidated revenue of ₹133 crores for the quarter, compared to ₹322.82 crores in the same quarter of the previous year, representing a YoY decline of 58.8%.
The company reported a consolidated net loss of ₹236.77 crores for the quarter, compared to the loss of ₹87 crores in the same quarter of the previous year. Meanwhile, the Profit Before Tax also widens to ₹236.45 Crore from ₹55.42 Crore from the same quarter previous year.