Indiabulls Real Estate Ltd. has posted widening of consolidated net loss at Rs 1,038.65 crore for the last fiscal year. Its net loss stood at Rs 608.38 crore in 2022-23. Total income also fell to Rs 468.75 crore during 2023-24 from Rs 648.47 crore in the preceding year, according to a regulatory filing on Friday.
Indiabulls Real Estate's loss in March quarter FY24 narrowed to Rs 302 crore from Rs 375.99 crore in the year-ago period. Total income fell to Rs 39.54 crore in the quarter from Rs 132.91 crore in the year-ago period.
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Mumbai-based IBREL is one of the leading real estate developers in the country.
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