Indiabulls posts ₹194 cr Q4 profit and ₹418 cr income
Business
Indiabulls Ltd just made a solid comeback, posting a ₹194 crore profit for the fourth quarter after being in the red last year.
Their income shot up too, hitting ₹418 crore compared to just ₹149 crore before.
Indiabulls posts ₹346 cr annual profit
For the full year, Indiabulls turned last year's loss into a ₹346 crore profit and boosted total income to nearly ₹881 crore.
They sold over 900 property units and focused on homes priced between ₹2 crore to ₹6 crore.
CEO Divyesh Shah credited strategic moves and highlighted founder Sameer Gehlaut's completion of a warrant subscription of over ₹400 crore.