Indiabulls Real Estate Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 22, 2013 at 12:01 pm
Share
Indiabulls Real Estate Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, on consolidated basis, the company reported total income from operations of INR 3,312.909 million compared to INR 3,563.526 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,269.290 million compared to INR 984.668 million a year ago. Profit from ordinary activities before tax was INR 809.499 million compared to INR 700.533 million a year ago. Net profit was INR 500.649 million or INR 1.17 basic and diluted per share compared to INR 415.208 million or INR 0.95 basic and diluted per share a year ago.
For the nine months period, on consolidated basis, the company reported total income from operations of INR 8,882.696 million compared to INR 9,463.521 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 3,163.564 million compared to INR 2,653.574 million a year ago. Profit from ordinary activities before tax was INR 1,722.728 million compared to INR 1,715.080 million a year ago. Net profit was INR 1,151.793 million or INR 2.57 diluted per share compared to INR 1,104.140 million or INR 2.52 diluted per share a year ago.
For the quarter, on company basis, reported total income from operations of INR 259.607 million compared to INR 482.668 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 117.577 million compared to INR 326.680 million a year ago. Profit from ordinary activities before tax was INR 276.771 million compared to INR 98.663 million a year ago. Net profit was INR 188.688 million or INR 0.44 basic and diluted per share compared to INR 66.771 million or INR 0.16 basic and diluted per share a year ago.
For the nine months period, on company basis, reported total income from operations of INR 2,780.442 million compared to INR 1,105.168 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,813.632 million compared to INR 613.463 million a year ago. Profit from ordinary activities before tax was INR 1,982.468 million compared to INR 167.864 million a year ago. Net profit was INR 1,475.118 million or INR 3.29 basic and diluted per share compared to INR 112.476 million or INR 0.28 basic and diluted per share a year ago.
Equinox India Developments Limited, formerly Indiabulls Real Estate Limited, is a holding company engaged in real estate project advisory, project marketing, maintenance of completed projects, engineering, industrial and technical consultancy, construction and development of real estate properties and other related and ancillary activities. It operates in real estate project advisory and construction and development of infrastructure/real estate projects. It is focused on construction and development of residential, commercial, and special economic zones (SEZ) projects. It has over 13 residential projects and four commercial projects in Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR), Jodhpur, Vadodara, Vizag in various stages of completion. Its residential and commercial projects include BLU Estate and Club, Enigma, Centrum Park, Indiabulls City and Indiabulls Sierra, Indiabulls One 09, Mega Mall, One Indiabulls Park, Embassy Residency, and Embassy Eden.
Indiabulls Real Estate Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012