ndiabulls Real Estate has reported a 96.25% fall in consolidated net profit at Rs11.32 crore for the quarter ended December 31, 2008.

The company had a net profit of Rs 302.26 crore for the quarter ended December 31, 2007.

Total income of the company on a consolidated basis decreased to Rs 95.28 crore for the December quarter of this fiscal from Rs 491.81 crore a year ago, the company said informing the Bombay Stock Exchange.

Financial Express