Indiabulls Real Estate Ltd (IBREL) faced substantial challenges, reporting a consolidated net loss of Rs 1,038.65 crore for the last fiscal year, a significant increase from Rs 608.38 crore in the previous year. Total income also plummeted to Rs 468.75 crore from Rs 648.47 crore. In the March quarter of FY24, while IBREL’s net loss narrowed to Rs 302 crore, total income dwindled to Rs 39.54 crore. Despite its stature as a leading real estate developer based in Mumbai, IBREL’s financial performance indicates ongoing struggles and the need for strategic measures to navigate through the challenging market conditions.