Indiabulls Ventures shines on reporting over 2-fold jump in Q4 consolidated net profit

Mumbai : Indiabulls Ventures is currently trading at Rs. 321.50, up by 1.95 points or 0.61% from its previous closing of Rs. 319.55 on the BSE. The scrip opened at Rs. 323.20 and has touched a high and low of Rs. 326.40 and Rs. 316.60 respectively. So far 118462 shares were traded on the counter. The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 819.95 on 28-Aug-2018 and a 52 week low of Rs. 256.90 on 19-Feb-2019.

Last one week high and low of the scrip stood at Rs. 326.40 and Rs. 286.55 respectively. The current market cap of the company is Rs. 19524.44 crore. The promoters holding in the company stood at 36.98%, while Institutions and Non-Institutions held 25.86% and 37.16% respectively. Indiabulls Ventures has reported around 4-fold jump in its net profit at Rs 28.52 crore for the quarter ended March 31, 2019 as compared to Rs 7.29 crore for the same quarter in the previous year. Total income of the company increased by 52.97% at Rs 81.29 crore for Q4FY19 as compared Rs 53.14 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 111.41 crore for the quarter under review as compared to Rs 54.85 crore for the same quarter in the previous year. Total income of the company increased by 55.56% at Rs 600.16 crore for Q4FY19 as compared Rs 385.81 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported 2-fold jump in its net profit at Rs 105.45 crore as compared to Rs 48.57 crore for the previous year. Total income of the company increased by 59.06% at Rs 317.11 crore for year under review as compared to Rs 199.37 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported 2-fold jump in its net profit at Rs 460.29 crore as compared to Rs 209.53 crore for the previous year. Total income of the company registers 2-fold jump at Rs 1,997.28 crore for year under review as compared to Rs 994.78 crore for year ended March 31, 2018.