The Co. has a presence in residential real estate development from Affordable to Premium & Uber-luxury space. It mainly focuses on the construction and development of residential, commercial and SEZ projects across the Indian metro cities. Geographically, the Company’s strategic focus is in key markets of MMR and NCR Region.
Financial Results:
- Indiabulls Real Estate Ltd reported Revenues for Q2FY24 of ₹96.00 Crores down from ₹194.00 Crore year on year, a fall of 50.52%.
- Total Expenses for Q2FY24 of ₹125.00 Crores up from ₹112.00 Crores year on year, a rise of 11.61%.
- Consolidated Net Profit of -₹18.00 Crores from ₹57.00 Crores in the same quarter of the previous year.
- The Earnings per Share is -₹0.34, from ₹1.04 in the same quarter of the previous year.