Indiabulls Real Estate reports rise in Q4 net profit

Mumbai: Indiabulls Real Estate Ltd, one of the largest listed real estate developers in India, announced rise in net profit in Q4 for the financial year ended March 31, 2012.

The company's net profit after tax (PAT) rose to Rs. 57.78 Crore in Q4 FY 12 from Rs. 41.52 Crore in Q3 FY 12, the preceding quarter. The Income from Operations grew to Rs. 445.2 Crore in Q4 FY 12, from the Rs. 356.3 Crore for the last quarter, a company release said.

Total Area Under Development (AUD) Increased by 10.63 msft aggregating total AUD to 71.55 msft as on March 31, 2012. While Area Under Construction (AUC) Increased from 17.04 msft in FY 11 to 17.17 msft (103 towers across India) in FY 12.

The total land acquired in Q4 FY 12 is 334.40 Acres. Total land acquired in FY 12 is 420.47 Acres in Mumbai Metropolitan Region (MMR) and National Capital Region (NCR). The present land bank of Indiabulls Real Estate is 836.03 acres in high demand centres of Mumbai Metropolitan Region (MMR), National Capital Region (NCR) and Chennai.

Total sales for the year FY12 is Rs. 1,982.04 Crores for an area of 3.54 msft. New Leased area in Q4 FY 12 is 62,299 sft and total new leased area in FY12 is 0.60 msft. Total leased area stands at 2.21 msft as on March 31, 2012.

Key Financial Highlights: Q4 FY 12

	Q4 FY 12	Q3 FY 12
Income from Operations (Rs. Cr)	445.2	356.3
PBT (Rs. Cr)	60.8	70.0
PAT (Rs. Cr)	57.7	41.5
Basic EPS (in Rs.)	1.17	0.9