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( 21 May 2022)
Indiabulls Housing F Q4 net profit down 48.45% at Rs 209.11 cr

The company reported standalone net profit of Rs 209.11 crore for the quarter ended March 31, 2022 as compared to Rs 405.67 crore in the same period last year, registering a year-on-year decline of 48.45 per cent.

Net revenue of the company declined moderately by 14.80 per cent at Rs 1,781.11 crore in January-March quarter of this fiscal as against Rs 2,090.42 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 102.52 per cent to Rs -3.16 crore from Rs 125.53 crore in year ago period.

Other Income dipped by 91.52 per cent at Rs 4.34 crore versus (Mar'21 Rs 51.16 crore).

Operating Profit slipped by 9.19 per cent to Rs 1,784.27 crore as against Rs 1,964.89 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 6.59 per cent in March quarter.

Interest grew by 0.37 per cent y-o-y to Rs 1,467.47 crore, while Taxation decreased by 26.42 per cent at Rs 93.01 crore (Mar'21 Rs 126.40 crore).