Indiabulls Real Estate surged 3.28% to Rs 534.90 at 10:16 IST on BSE on reporting 362.9% surge in net profit to Rs 27.82 crore on 765.20% increase in net sales to Rs 28.81 crore in Q4 March 2008 over Q4 March 2007.
The stock hit a high of Rs 555.55 and a low of Rs 524.90 so far during the day. The stock had a 52-week high of Rs 847.80 on
The company’s current equity is Rs 48.17 crore. Face value per share is Rs 2.
The current price of Rs 534.90 discounts its Q4 March 2008 annualised EPS of Rs 4.62, by a PE multiple of 115.78.
Indiabulls Real Estate’s net profit 3467.58% to Rs 467.71 crore on 2297.93% increase in total income to Rs 648.88 crore in the year ended March 2008 (FY 2008) over the year ended March 2007 (FY 2007).
In April 2008, Indiabulls Real Estate’s subsidiary Indiabulls Power Generation received a letter of intent from Chhattisgarh State Electricity Board for setting up a thermal power project in Chhattisgarh.
The company is engaged in construction and development of real estate. It includes promotion, construction, development and sale of townships, residential and commercial property.
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