Indiabulls Housing Finance net up 23.2% to Rs 630 crore
The company has declared an interim dividend of Rs 9 per equity share of the face value of Rs 2 per share for the ongoing financial year.
By ET Bureau |
BCCL
MUMBAI: Indiabulls Housing Finance reported 23.2% growth in consolidated net profit to Rs 630 crore for the quarter ended June 30, mainly due to pick up in loans.
During the period, net profit after taxes rose to Rs 630 crore from Rs 511.27 crore in corresponding period last year.
The company has declared an interim dividend of Rs 9 per equity share of the face value of Rs 2 per share for the ongoing financial year.
Balance sheet grew 37% to Rs 82,069 crore. Loan assets rose 31.5% to Rs 71,026 crore. The company’s asset quality remained under control with net NPA at 0.36% of the total advances.
Stock of Indiabulls Housing Finance was up 0.97% from previous close to 742.15 on the Bombay Stock Exchange.
During the period, net profit after taxes rose to Rs 630 crore from Rs 511.27 crore in corresponding period last year.
The company has declared an interim dividend of Rs 9 per equity share of the face value of Rs 2 per share for the ongoing financial year.
Balance sheet grew 37% to Rs 82,069 crore. Loan assets rose 31.5% to Rs 71,026 crore. The company’s asset quality remained under control with net NPA at 0.36% of the total advances.
Stock of Indiabulls Housing Finance was up 0.97% from previous close to 742.15 on the Bombay Stock Exchange.
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