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The acquisition and subsequent consolidation of Indiabulls Property Investment Trust and upcoming projects will complement Indiabulls Real Estate's earnings in the next few years, says Joint Managing Director Vishal Damani.
SP Tulsian of sptulsian.com in an interview to CNBC-TV18 spoke about the fundamentals of stocks and sectors like cement, sugar, Reliance Industries and quarterly earnings of IndiaBulls Real Estate, M&M Financials.
Speaking to CNBC-TV18 in an exclusive interview, Gagan Banga, CEO of Indiabulls says that more than 50% land has already been leased at Lower Parel, Mumbai. “Going forward, we expect lease income for the company to increase by 30-35%,” he says.
Indiabulls Real Estate (IBREL) is expected to report a 45% rise in its first quarter FY12 profit after tax of Rs 30 crore against Rs 21 crore in the year ago period. Net profit is likely to go up 28% quarter-on-quarter from Rs 23 crore in Q4FY11.
Gagan Banga, chief executive officer, Indiabulls Financial Services said the company's focus has been on the home loan segment and most of the growth is likely to come from this segment in future. The company expects to maintain 30% growth in loan book ahead.
Indiabulls Real Estate is to announce its fourth quarter results. According to CNBC-TV18’s estimates, Q4FY11 revenues are seen down at Rs 282.55 crore versus Rs 399.85 crore, quarter-on-quarter, QoQ.
In an interview with CNBC-TV18, Gagan Banga, CEO, Indiabulls Financial Services spoke about the company's quarterly performance and the road ahead.
Indiabulls Real Estate is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its Q3 net profit is expected to go up at Rs 54.1 crore as against Rs 50.85 crore.