Indiabulls Real Estate announces Q2 results

Indiabulls Real Estate Ltd has announced the following Unaudited results for the quarter ended September 30, 2009:

The Company has posted a net profit of Rs 59.589 million for the quarter ended September 30, 2009 as compared to Rs 68.786 million for the quarter ended September 30, 2008. Total Income has decreased from Rs 496.173 million for the quarter ended September 30, 2008 to Rs 322.624 million for the quarter ended September 30, 2009.

The Unaudited Consolidated Results are as follows

The Group has posted a net profit after minority interest of Rs 46.913 million for the quarter ended September 30, 2009 as compared to Rs 79.997 million for the quarter ended September 30, 2008. Total Income has decreased from Rs 1438.260 million for the quarter ended September 30, 2008 to Rs 744.104 million for the quarter ended September 30, 2009.