Indiabulls Real Estate Ltd today reported more than 27-fold jump in its consolidated net profit to Rs 76.61 crore for the quarter ended December 31, 2010, against Rs 2.76 crore in the year-ago period.
Net sales rose to Rs 399.66 crore in the third quarter of this fiscal from Rs 37.46 crore in the corresponding period of the previous year, Indiabulls Real Estate said in a filing to the Bombay Stock Exchange .
The total expenditure increased sharply to Rs 284.07 crore in the third quarter of 2010-11 fiscal against Rs 72.86 crore in the year-ago period, due to higher expenses on land, plots and constructed properties.
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