Indiabulls Actual Property loss widens to ₹1,038 cr in FY24

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Indiabulls Actual Property Ltd (IBREL) has posted widening of consolidated web loss at ₹1,038.65 crore for the final fiscal 12 months.

Its web loss stood at ₹608.38 crore in 2022-23.

Complete revenue additionally fell to ₹468.75 crore throughout 2023-24 from ₹648.47 crore within the previous 12 months, in response to a regulatory submitting on Friday.

IBREL’s ness loss in March quarter FY24 narrowed to ₹302 crore from ₹375.99 crore within the year-ago interval.

Complete revenue fell to ₹39.54 crore within the quarter from ₹132.91 crore within the year-ago interval.

Mumbai-based IBREL is without doubt one of the main actual property builders within the nation.

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