Indiabulls Real Estate Ltd’s Net Profit Nosedives 76% For Q3FY20

New Delhi: Indiabulls Real Estate Ltd’s consolidated net profit nosedived more than 76 percent to Rs 49.27 crore in the third quarter of the current fiscal as compared to Rs 202.40 crore in the same quarter of the previous fiscal.

The total income of the company, however, improved marginally to Rs 1,317.70 crore in the third quarter of the current fiscal as compared to Rs 1287.59 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.