HomeNewsBusinessMarketsOptions Trade | An earnings-based non-directional options strategy in Indiabulls Housing Finance

Options Trade | An earnings-based non-directional options strategy in Indiabulls Housing Finance

Indiabulls Housing Finance is expected to remain sideways within our range. An Iron Condor trade to capitalise on sideways trends.

Moneycontrol Contributor

November 14, 2022 / 06:33 IST

Options Trade | An earnings-based non-directional options strategy in Indiabulls Housing Finance

Indiabulls Real Estate: Indiabulls Real Estate Q2 profit jumps 10-fold YoY to Rs 56.5 crore largely driven by operating performance. Revenue falls 44%. The real estate firm has reported a 10-fold year-on-year increase in profit at Rs 56.5 crore for quarter ended September FY23 largely driven by operating performance, but revenue from operations fell 44.4% YoY to Rs 194 crore for the quarter. EBITDA at Rs 91 crore for the quarter increased by 306% YoY, and margin jumped 40 percentage points as cost of land, plots, constructed properties and others dropped significantly.

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