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Indiabulls Real Estate net declines over 75% in December quarter

Feb 11, 2020 15:03 IST

Indiabulls Real Estate on Monday reported a 75.69% decline in consolidated net profit at ₹49.27 crore for the quarter ended December 2019, mainly due to higher expenses. Total income for the period increased marginally to ₹1,317.7 crore as compared to ₹1,287.59 crore in Q3FY19. Total expenses of the company during the quarter rose 20% year-on-year to ₹1201.28 crore.

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