Indiabulls Real Estate Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 963.6 million compared to INR 1,940.9 million a year ago. Revenue was INR 1,082.6 million compared to INR 2,029 million a year ago. Net loss was INR 184.3 million compared to net income of INR 565.6 million a year ago. Basic loss per share from continuing operations was INR 0.34 compared to basic earnings per share from continuing operations of INR 1.04 a year ago. Diluted loss per share from continuing operations was INR 0.34 compared to diluted earnings per share from continuing operations of INR 1.04 a year ago.
For the six months, sales was INR 2,922.3 million compared to INR 3,456.3 million a year ago. Revenue was INR 3,173.6 million compared to INR 3,670.9 million a year ago. Net loss was INR 6,979.8 million compared to net income of INR 45.9 million a year ago. Basic loss per share from continuing operations was INR 12.9 compared to basic earnings per share from continuing operations of INR 0.09 a year ago. Diluted loss per share from continuing operations was INR 12.9 compared to diluted earnings per share from continuing operations of INR 0.09 a year ago.