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News Details

Indiabulls Housing F Q2 net profit down 54.15% at Rs 107.92 cr

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12/11/2021 15:40
The company reported standalone net profit of Rs 107.92 crore for the quarter ended September 30, 2021 as compared to Rs 235.37 crore in the same period last year, registering a year-on-year decline of 54.15 per cent.

Net revenue of the company declined moderately by 12.77 per cent at Rs 1,913.77 crore in July-September quarter of this fiscal as against Rs 2,193.83 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 2.18 per cent to Rs 283.61 crore from Rs 277.55 crore in year ago period.

Other Income dipped by 93.02 per cent at Rs 2.74 crore versus (Sep'20 Rs 39.24 crore).

Operating Profit slipped by 14.93 per cent to Rs 1,630.16 crore as against Rs 1,916.28 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.48 per cent in September quarter.

Interest declined by 9.73 per cent y-o-y to Rs 1,466.75 crore, while Taxation decreased by 45.89 per cent at Rs 40.33 crore (Sep'20 Rs 74.53 crore).