Indiabulls net jumps 28x in FY11

Real Estate firm Indiabulls posted a whopping 28x year-on-year jump at the net level to Rs 201 crore on a total income of Rs 1513 crore for the year ended 2010-11. However, this figure included the effect of the proposed demerger of its group company Indiabulls Wholesale Services (IBWS), announced on March 31, 2011.

May 02, 2011 / 12:58 IST

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Real estate firm Indiabulls posted a whopping 28x year-on-year jump at the net level to Rs 201 crore on a total income of Rs 1513 crore for the year ended 2010-11. However, this figure included the effect of the proposed demerger of its group company Indiabulls Wholesale Services (IBWS), announced on March 31, 2011.

The company board has proposed 15% final dividend. The demerger is not yet implemented in the book of accounts.

first published: May 2, 2011 12:41 pm

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