Q1FY23 Quarterly Result Announced for Indiabulls Real Estate Ltd.
Realty firm Indiabulls Real Estate announced Q1FY23 Result : Net debt : Rs464 Cr Down from Rs1,005 Cr as at Q4 FY2022 Estimated Collection of Rs600 Cr from sold inventory (net of project costs) & Rs500 Cr from Land Sale in next 12 months 0.18x debt to equity Project Net Surplus : Rs8,566 Cr Net Surplus Rs1,749 Cr, from OC / near completed inventory Pending costs of Rs513 Cr on OC / near completed projects fully covered through sold receivables with ~2.5x cover Pre-sales (Q1 FY2023): Rs297 Cr More than 97% inventory in key projects sold out (Blu, Sky forest, Thane Phase1, Engima & Centrum) Immediate upcoming launches (subsequent phases of Blu, Thane, Panvel Arivali & Sector 104 Gurugram). Result PDF12-08-2022