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Indiabulls Real Estate Ltd Q3FY24; 24% fall in Revenue

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 Q3FY24 of ₹101.00 Crores down from ₹133.00 Crore year on year, a fall of 24.06%.

Total Expenses for Q3FY24 of ₹141.00 Crores down from ₹384.00 Crores year on year, a fall of 63.28%.

Consolidated Net Profit of -₹38.00 Crores from -₹237.00 Crores in the same quarter of the previous year.

The Earnings per Share is -₹0.71, from -₹4.38 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Real Estate
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