Indiabulls Housing Finance, DHFL Q3 net up on high demand

MUMBAI: Housing finance companies — Indiabulls Housing Finance and Dewan Housing Finance — have reported a higher net for the third quarter, helped by rising demand for housing loans. Indiabulls Housing Finance reported a profit increase of 26% during the quarter ended December 31, 2015.

During the quarter, the company made a profit of Rs 602 crore compared with Rs 478 crore in the corresponding quarter last year.

Net interest income, or the difference between interest earned and interest expended, grew 30.4% to Rs 971.3 crore as against Rs 745 crore.