Indiabulls Ventures rises about 3% after strong Q3 results
Indiabulls Ventures reported a quarterly revenue from operations of Rs 1,379 crore, up 55 percent YoY
January 15, 2019 / 10:02 AM IST
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies. Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)
Shares of Indiabulls Ventures rose over 6 percent intraday on January 15 after the company reported strong results for the third quarter.
The stock gained as much as 6.4 percent on the BSE, quoting at Rs 412. However, prices came down later.
The company reported a net profit of Rs 349 crore for the December quarter, up 125.2 percent year-year (YoY).
Indiabulls Ventures reported a quarterly revenue from operations of Rs 1,379 crore, up 55 percent YoY.
At 0953 hours, Indiabulls Ventures was quoting at Rs 398, up 2.79 percent.