Business Standard

Indiabulls Housing Finance Q4 results: Net profit up 21% at Rs 319 crore

Its revenue from operations rose to Rs 2,205 crore for the March quarter as compared to Rs 2,075 crore in the year-ago period, Indiabulls Housing Finance said in a regulatory filing

Q4, Q4 results

Total income of the company rose to Rs 2,255 crore as compared to Rs 2,077 crore in the same quarter a year ago. Photo: Shutterstock

Press Trust of India New Delhi

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Indiabulls Housing Finance Ltd on Friday posted a 21 per cent rise in consolidated net profit to Rs 319 crore for the March quarter.
The mortagage firm had reported a net profit of Rs 263 crore in the year-ago period.
Its revenue from operations rose to Rs 2,205 crore for the March quarter as compared to Rs 2,075 crore in the year-ago period, Indiabulls Housing Finance said in a regulatory filing.
Total income of the company rose to Rs 2,255 crore as compared to Rs 2,077 crore in the same quarter a year ago.
With regard to asset quality, the company's gross non-performing assets (NPAs) declined to 2.69 per cent at the end of March 2024 against 2.85 per cent a year ago.
Net non-performing assets (NPAs), too, moderated to 1.52 per cent from 1.89 per cent of the total advances in the previous year.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: May 24 2024 | 7:52 PM IST

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