/ Indiabulls Real Estate Falls By 2.5% Owing To Poor Q3 Earnings Report ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 27 January 2017

Shares of Indiabulls Real Estate marked a 14% fall in consolidated net profit to Rs 58.58 crore in Q3FY17 and declined by 3% in trade on Friday; and during the corresponding quarter of the previous year, the company has registered a net profit of Rs 67.88 crore; with its income from operations has decreasing to Rs 300.25 crore in the third quarter as compared to Rs 711.51 crore in the corresponding quarter of the previous year.

Total income of the company has depleted to Rs 492.9 crore for the quarter, compared to Rs 735.75 a year ago; and EBIDTA stands at Rs 221.7 crore, followed by Profit before Tax (PBT) at 66.1 crore.

The company is in the process of enhancing 11 projects with a total saleable area of 30.51 million
sq ft, with operations in key metros like Mumbai, NCR & Chennai.

Indiabulls Real Estate Ltd is currently trading at Rs 78.95, down by Rs 2.6 or 3.19% from its previous closing of Rs 81.55 on the BSE.

The scrip opened at Rs 79.1 and has touched a high and low of Rs 80.9 and Rs 78.2 respectively. So far 11862086(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 4009.52 crore.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 105.25 on 30-May-2016 and a 52 week low of Rs 42.25 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 84.7 and Rs 79.8 respectively.

The promoters holding in the company stood at 48.94 % while Institutions and Non-Institutions held 20.84 % and 30.11 % respectively. The stock is currently trading above its 200 DMA.

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