MUMBAI, Jan 23: Indiabulls Real Estate Limited (IBREL) has posted a growth of 24.88 per cent to Rs 52.2 crore for the quarter
ended Decmber 31, 2012 against Rs 41.80 crore for the quarter ended Decmber 31, 2011.
The real estate company has registered total sales of Rs 1,201 crore, up by 267 per cent during the quarter from Rs 449 crore in the same quarter last year.
The Basic Earnings Per Share (EPS) is stood at Rs 1.17, up by 23.16 pc compared to Rs 0.95 for the quarter ended December 31, 2012.
The company has strong cash flows due to on ground progress leading to reduction in debt and buyback of shares, the company release said.
(UNI)
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