Home Corporates Indiabulls Real Estate loss widens to Rs1,038 crore in FY24

Indiabulls Real Estate loss widens to Rs1,038 crore in FY24

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Its net loss stood at Rs608.38 crore in 2022-23.

New Delhi: Indiabulls Real Estate Ltd (IBREL) has posted widening of consolidated net loss at Rs1,038.65 crore for the last fiscal year.

Its net loss stood at Rs608.38 crore in 2022-23.

Total income also fell to Rs468.75 crore during 2023-24 from Rs648.47 crore in the preceding year, according to a regulatory filing on Friday.

Total income fell to Rs39.54 crore in the quarter from Rs132.91 crore in the year-ago period.

Mumbai-based IBREL is one of the leading real estate developers in the country.

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