Indiabulls Real Estate Q4 profit surges to Rs 1,648 cr
Indiabulls Real Estate today reported nearly 21-fold jump in consolidated net profit to Rs 1,648.3 crore for the quarter ended March.
Its net profit stood at Rs 79.8 crore in the year-ago period, the Mumbai-based developer said in a BSE filing.
The company's total revenue also rose to Rs 2,028 crore in the fourth quarter from Rs 437 crore in the corresponding period of the previous year.
During the fiscal 2017-18, the company's net profit rose to Rs 1,980.20 crore from Rs 356.67 crore.
Total revenue also doubled to Rs 5,926.53 crore from Rs 2,320.34 crore in the previous financial year.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.