Indiabulls Securities Q1 net more than double at Rs 21 crore
Indiabulls Securities today said its consolidated net profit more than doubled to Rs 21.42 crore in the first quarter ended June 30, 2013.
By Palak Shah, ET Bureau | Updated:
MUMBAI: Indiabulls Real Estate reported a jump of 92.36% on Wednesday in consolidated net profit at Rs 72.6 crore for the quarter ended June 30 on account of higher sales.
It had posted net profit of Rs 37.74 crore in the year- ago period, according to the company’s filing to the Bombay Stock Exchange ( BSE).
Total income from operations jumped two-fold at Rs 508.33 crore during April-June quarter of 2013-14 fiscal, as against Rs 214.66 crore in Q1, 2012-13.
Profits in the first quarter were up on 2-fold rise in sales to Rs 507.30 crore, from Rs 214.19 crore in the corresponding period of last fiscal.
It had posted net profit of Rs 37.74 crore in the year- ago period, according to the company’s filing to the Bombay Stock Exchange ( BSE).
Total income from operations jumped two-fold at Rs 508.33 crore during April-June quarter of 2013-14 fiscal, as against Rs 214.66 crore in Q1, 2012-13.
Profits in the first quarter were up on 2-fold rise in sales to Rs 507.30 crore, from Rs 214.19 crore in the corresponding period of last fiscal.
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