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Indiabulls Ventures reports over 2 fold jump in Q2 consolidated net profit

Indiabulls Ventures has reported results for second quarter ended September 30, 2018.

The company has reported a fall of 54.59% in its net profit of Rs 8.17 crore for the quarter under review as compared to Rs 17.99 crore for the same quarter in the previous year. Total income of the company decreased by 8.87% at Rs 52.21 crore for Q2FY19 as compared Rs 57.29 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over 2 fold jump in its net profit of Rs 140.92 crore for the quarter under review as compared to Rs 55.34 crore for the same quarter in the previous year. Total income of the company also jumped by around 3 fold at Rs 481.82 crore for Q2FY19 as compared Rs 178.80 crore for the corresponding quarter previous year.

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