On Friday, Indiabulls Real Estate Ltd (IBREL) reported a consolidated net loss of Rs 59.80 crore for the quarter ended March 2022. The company posted a net profit of Rs 94.41 crore in the same period last year.

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Total revenue for the fourth quarter of FY22 fell to Rs 2,724.9 crore from Rs 759.50 crore in the corresponding period of the previous fiscal. For the entire 2021-22 financial year, the company posted a net loss of Rs 136.73 crore compared to Rs 4.30 crore during the last year.

Total revenue for 2021-22 fell to Rs 1,541.36 crore from Rs 1,662.05 crore in FY21.