Indiabulls Enterprises Ltd's Q3FY25 Quarter Results
Indiabulls Enterprises Ltd's revenue decreased 12.7% YoY
- 22 Jan 2025
Result Summary
- Indiabulls Enterprises Ltd reported a 1.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 12.7%.
- Its expenses for the quarter were down by 41.0% QoQ and 7.8% YoY.
- The net profit decreased 82.2% QoQ and increased 15.8% YoY.
- The earnings per share (EPS) of Indiabulls Enterprises Ltd declined at 0.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 13.72 | 13.87 | 15.72 | -1.1% | -12.7% |
Total Expenses | 16.06 | 27.23 | 17.42 | -41.0% | -7.8% |
Profit Before Tax | -2.34 | -13.36 | -1.70 | -82.5% | 37.6% |
Tax | -0.26 | -0.65 | 0.50 | -60.0% | -152.0% |
Profit After Tax | -2.13 | -11.97 | -1.84 | -82.2% | 15.8% |
Earnings Per Share | -0.10 | -0.60 | -0.10 | -83.3% | 0.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
## Company Overview
Indiabulls Enterprises Ltd is a diversified company operating within the Indian market, primarily involved in sectors such as real estate, finance, and construction. The company has a notable presence in real estate development and leasing, offering a range of residential and commercial properties. It also engages in financial services, including loans and asset management. Recent major developments in the industry could include regulatory changes or economic shifts impacting real estate and finance sectors, but specific recent developments for Indiabulls Enterprises Ltd are not provided.
## Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Indiabulls Enterprises Ltd reported a total income of ₹13.72 crores. This represents a slight decline of 1.1% compared to the previous quarter (Q2FY25), where the total income was ₹13.87 crores. On a year-over-year basis, there was a more significant decrease of 12.7% from Q3FY24, when the company reported a total income of ₹15.72 crores. The data reflects a downward trend in revenue over both the quarter and year, which is a notable aspect of the company's performance.
## Profitability
The profitability of Indiabulls Enterprises Ltd in Q3FY25 shows a loss before tax of ₹2.34 crores, an improvement from the previous quarter, Q2FY25, where the loss was ₹13.36 crores. Compared to the same quarter in the previous year (Q3FY24), where the loss before tax was ₹1.70 crores, there is an increase in the loss. The profit after tax for Q3FY25 was negative at ₹2.13 crores, which is an improvement from the negative ₹11.97 crores reported in Q2FY25. Compared to Q3FY24, where the loss after tax was ₹1.84 crores, the loss increased slightly. Earnings per share (EPS) remained constant at -₹0.10 in Q3FY25 compared to Q3FY24, although it improved from -₹0.60 in Q2FY25.
## Operating Metrics
The total expenses of Indiabulls Enterprises Ltd for Q3FY25 were ₹16.06 crores, which shows a substantial reduction of 41.0% from the previous quarter, Q2FY25, where expenses were ₹27.23 crores. Year-over-year, expenses decreased by 7.8% from Q3FY24, where they stood at ₹17.42 crores. The tax impact for the quarter was a negative ₹0.26 crores, showing a reduction from negative ₹0.65 crores in Q2FY25 and an increase from a positive ₹0.50 crores in Q3FY24. These expense reductions are significant operational metrics, reflecting changes in the company's cost structure over the periods analyzed.
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