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Indiabulls Housing Finance Ltd News

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

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.

Indiabulls Housing Finance Q4 results: Net profit up 21% at Rs 319 crore
Updated On : 24 May 2024 | 7:52 PM IST

Indiabulls Housing Finance accepts bids for dollar bonds, say bankers

Barclays, CLSA, Deutsche Bank, Elara Capital, Emirates NBD Capital, Nuvama and UBS are the joint book runners for the issue

Indiabulls Housing Finance accepts bids for dollar bonds, say bankers
Updated On : 27 Mar 2024 | 9:06 AM IST

Indiabulls Housing's Rs 3,693 crore rights issue to open on February 7

Indiabulls Housing Finance on Friday said its Rs 3,693 crore rights issue will be open from February 7-13. The issue consists of 24,62,26,515 partly paid-up equity shares for an amount aggregating to Rs 3,693.39 crore. The issue price is fixed at Rs 150 per share, having a face value of Rs 2, meaning the issue comes at a premium of Rs 148 per share, the company said in a statement. Of the total proceeds from the issue, Rs 273.4 crore will used to augment the capital base and Rs 83.99 crore will be utilised for general corporate purposes. A participating shareholder will get one equity share for every two shares she/he owns as of February 1, 2024 (the record date), the statement said, adding that the last date for credit of rights entitlements is February 6 and the last date for renunciation rights is February 8, which means the rights entitlements can be bought and sold on February 7 and 8. Indiabulls Housing pre-dominantly offers housing loans and loans against property to salari

Indiabulls Housing's Rs 3,693 crore rights issue to open on February 7
Updated On : 02 Feb 2024 | 10:56 PM IST