Indiabulls Real Estate's sales bookings rose by 51
per cent to Rs. 3,002 crore during the last fiscal
year, while the annual rental income grew by 37 per cent.
In an analyst presentation, the company said its net debt has increased to Rs. 1,195 crore as on March 31 as against Rs. 1,134 crore at the end of 2011-12 fiscal. However, gross debt rose to Rs. 1,633 crore from Rs. 1,351 crore.
Indiabulls Real Estate also informed that it has acquired 220 acres in Gurgaon and Panvel in the last fiscal year, taking the company's total land bank to 3,592 acres including 2,588 acres of Special Economic Zone (SEZ) in Nashik.
Indiabulls noted that it has recognised revenue of only Rs. 1,110 crore during 2012-13 out of total sales of Rs. 3,002 crore, "creating large backlog for future revenues."
The total saleable area under construction is 19.44 million sq ft as on March 31 this year and of that 11.98 million sq ft has been sold for sales value of Rs. 8,370 crore.
The company said 7.46 million sq ft remains to be sold with an estimated value of Rs. 12,215 crore at ongoing rates.
Mumbai-based company has 31 ongoing projects totalling 72.86 million square feet. It has presence in Maharashtra, National Capital Region and Chennai.
In an analyst presentation, the company said its net debt has increased to Rs. 1,195 crore as on March 31 as against Rs. 1,134 crore at the end of 2011-12 fiscal. However, gross debt rose to Rs. 1,633 crore from Rs. 1,351 crore.
Indiabulls Real Estate also informed that it has acquired 220 acres in Gurgaon and Panvel in the last fiscal year, taking the company's total land bank to 3,592 acres including 2,588 acres of Special Economic Zone (SEZ) in Nashik.
Indiabulls noted that it has recognised revenue of only Rs. 1,110 crore during 2012-13 out of total sales of Rs. 3,002 crore, "creating large backlog for future revenues."
The total saleable area under construction is 19.44 million sq ft as on March 31 this year and of that 11.98 million sq ft has been sold for sales value of Rs. 8,370 crore.
The company said 7.46 million sq ft remains to be sold with an estimated value of Rs. 12,215 crore at ongoing rates.
Mumbai-based company has 31 ongoing projects totalling 72.86 million square feet. It has presence in Maharashtra, National Capital Region and Chennai.
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