The realty major posted a consolidated net profit of Rs 94.42 crore in Q4 March 2021 as against net loss of Rs 109.79 crore in Q4 March 2020.
Net sales for Q4 March 2021 zoomed 529% year-on-year to Rs 731.73 crore. The real estate company registered pre-tax profit of Rs 136.31 crore in Q4 March 2021 compared with pre-tax loss of Rs 144.11 crore in Q4 March 2020.
Indiabulls Real Estate said that its new sales jumped 66% to Rs 629 crore while gross collections improved 43.6% to Rs 866 crore in Q4 March 2021 over Q4 March 2020.
