Indiabulls Enterprises Reports Decline in Quarterly Sales and Escalating Losses

Indiabulls Enterprises witnesses a 15.41% drop in net sales and a staggering 95.29% rise in quarterly net loss.

In its standalone quarterly report for March 2024, Indiabulls Enterprises has disclosed a concerning financial performance, marked by a decline in net sales and a significant increase in losses compared to the same period last year.

According to the reported numbers, the net sales for March 2024 stood at Rs 11.80 crore, reflecting a notable decrease of 15.41% from Rs 13.95 crore recorded in March 2023. This decline indicates challenges in revenue generation for the company, possibly influenced by various economic factors or internal operational issues.

Furthermore, the quarterly net loss for March 2024 amounted to Rs 17.95 crore, marking a substantial surge of 95.29% compared to Rs 381.24 crore in March 2023. The sharp increase in losses raises concerns about the company’s financial stability and its ability to manage costs effectively.

Additionally, the earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at a negative Rs 11.02 crore in March 2024, witnessing a staggering decline of 1191.09% from Rs 1.01 crore in March 2023. This negative EBITDA indicates operational challenges and potential inefficiencies in the company’s core business activities.

The dismal financial performance of Indiabulls Enterprises reflects the broader challenges faced by the company in a competitive market environment, compounded by macroeconomic factors and industry-specific dynamics.

On the stock market front, Indiabulls Enterprises shares closed at Rs 13.10 on May 17, 2024, on the National Stock Exchange (NSE). Despite the concerning financial numbers, the company has managed to provide returns of 20.18% over the last six months and an impressive 63.75% over the last twelve months. These returns might be attributed to various factors such as investor sentiment, market speculation, or strategic initiatives undertaken by the company.

In conclusion, while Indiabulls Enterprises continues to face challenges in its financial performance, its stock market performance reflects a contrasting narrative, indicating a complex landscape of opportunities and risks for investors and stakeholders.

Net Sales/Income from operations11.8013.5213.95
Other Operating Income
Total Income From Operations11.8013.5213.95
Consumption of Raw Materials5.425.415.53
Purchase of Traded Goods
Increase/Decrease in Stocks
Power & Fuel
Employees Cost1.461.201.76
Excise Duty
Admin. And Selling Expenses
R & D Expenses
Provisions And Contingencies
Exp. Capitalised
Other Expenses16.574.066.24
P/L Before Other Inc. , Int., Excpt. Items & Tax-15.92-1.85-4.13
Other Income0.63-0.130.59
P/L Before Int., Excpt. Items & Tax-15.29-1.98-3.54
P/L Before Exceptional Items & Tax-17.88-4.39-7.09
Exceptional Items-375.06
P/L Before Tax-17.88-4.39-382.15
P/L After Tax from Ordinary Activities-17.31-4.39-380.24
Prior Year Adjustments
Extra Ordinary Items-0.640.36-1.00
Net Profit/(Loss) For the Period-17.95-4.03-381.24
Equity Share Capital39.6739.6739.67
Reserves Excluding Revaluation Reserves
Equity Dividend Rate (%)
EPS Before Extra Ordinary
Basic EPS-0.90-0.20-19.22
Diluted EPS-0.90-0.20-19.22
EPS After Extra Ordinary
Basic EPS-0.90-0.20-19.22
Diluted EPS-0.90-0.20-19.22
Public Share Holding
No Of Shares (Crores)
Share Holding (%)
Promoters and Promoter Group Shareholding
a) Pledged/Encumbered
– Number of shares (Crores)
– Per. of shares (as a % of the total sh. of prom. and promoter group)
– Per. of shares (as a % of the total Share Cap. of the company)
b) Non-encumbered
– Number of shares (Crores)
– Per. of shares (as a % of the total sh. of prom. and promoter group)
– Per. of shares (as a % of the total Share Cap. of the company)
Source : Dion Global Solutions Limited
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