Indiabulls Real Estate reported 41.43% fall yoy in Dec-20 quarter consolidated revenues at Rs721.68cr. The lag effect of the COVID pandemic is still evident as the top line is still way away from pre-COVID levels. However, there has been a sharp sequential bounce.
For the Dec-20 quarter, the consolidated operating profits were up 6.34% at Rs125.64cr. This was on the back of lower land cost and lower miscellaneous expenses. Operating margin or OPM expanded from 9.58% in the Dec-19 quarter to 17.41% in Dec-20 quarter.
Consolidated Profit after tax (PAT) for the Dec-20 quarter was up 63.77% at Rs80.69cr on better operating metrics and a sharp fall in tax burden on a yoy basis. PAT margins expanded from 4.00% in Dec-19 to 11.18% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
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|
Indiabulls Real Estate |
|
|
|
|
Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
|
Total Income (Rs cr) |
₹ 721.68 |
₹ 1,232.26 |
-41.43% |
₹ 20.15 |
3481.54% |
|
Operating Profit (Rs cr) |
₹ 125.64 |
₹ 118.05 |
6.43% |
₹ -45.72 |
N.A. |
|
Net Profit (Rs cr) |
₹ 80.69 |
₹ 49.27 |
63.77% |
₹ -76.02 |
N.A. |
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|
|
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Diluted EPS (Rs) |
₹ 1.77 |
₹ 1.08 |
|
₹ -1.67 |
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|
OPM |
17.41% |
9.58% |
|
-226.90% |
|
|
Net Margins |
11.18% |
4.00% |
|
-377.27% |
|
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