Business Standard

Indiabulls Housing Finance Limited

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

NCLT admits personal insolvency plea against Zee's Subhash Chandra

Zee's Subhash Chandra had argued that the NCLT cannot rule on an individual's insolvency

NCLT admits personal insolvency plea against Zee's Subhash Chandra
Updated On : 22 Apr 2024 | 9:14 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

Delhi HC dismisses plea seeking probe into Indiabulls Housing Finance

The court stated that the balance sheets or other material placed on record are already available on the website of these companies and are thus already in the public domain

Delhi HC dismisses plea seeking probe into Indiabulls Housing Finance
Updated On : 04 Feb 2024 | 6:43 PM 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

Indiabulls HFC may have to provide Rs 1,000 cr for AIF investments impact

Indiabulls' Assets Under Management (AUM) stood at Rs 63,569 crore as of September 30, 2023, comprising Housing Loans (72%), Loan Against Properties (15%), and commercial credit (13%)

Indiabulls HFC may have to provide Rs 1,000 cr for AIF investments impact
Updated On : 31 Dec 2023 | 11:28 PM IST

Indiabulls Housing Finance Q2 net profit rises 3% to Rs 298 crore

Mortgage player Indiabulls Housing Finance on Tuesday reported a marginal 3 per cent rise in consolidated net profit to Rs 298 crore in the second quarter ended September 2023. The company had reported a net profit of Rs 289 crore in the July-September quarter of last fiscal. Its total income during the quarter under review rose to Rs 2,242 crore from Rs 2,231 crore in the corresponding quarter a year ago, Indiabulls Housing Finance said in a regulatory filing. However, interest income declined to Rs 1,731 crore compared to Rs 2,126 crore a year ago. The company, in a separate filing, said it has transferred the third tranche of the reserve amount of Rs 313.86 crore to the lender repayment trust. The trustee in turn has created a fixed deposit using the reserve amount with a scheduled commercial bank and such reserve amounts would be utilised for redemption of the Foreign Currency Convertible Bonds (FCCB) in compliance with applicable laws if the put option is exercised by the FCC

Indiabulls Housing Finance Q2 net profit rises 3% to Rs 298 crore
Updated On : 14 Nov 2023 | 10:43 PM IST

RBI releases list of NBFCs in upper layer under scale-based regulations

In terms of the framework, once an NBFC is classified as NBFC-UL, it shall be subject to enhanced regulatory requirement, at least for a period of five years

RBI releases list of NBFCs in upper layer under scale-based regulations
Updated On : 14 Sep 2023 | 5:33 PM IST

Stocks to Watch today, Jun 13: HDFC, Airline, Zee, Patanjali, EIL, HeroMoto

Stocks to watch on June 13, 2023: Shares of airline company are likely to be in focus on Tuesday after the DGCA eased norms to launch new overseas destinations.

Stocks to Watch today, Jun 13: HDFC, Airline, Zee, Patanjali, EIL, HeroMoto
Updated On : 13 Jun 2023 | 7:47 AM IST

Indiabulls HFC eyes to scale up monthly disbursement to Rs 1,200-1,300 cr

From a sharp decline, the book has flattened out over the last six months

Indiabulls HFC eyes to scale up monthly disbursement to Rs 1,200-1,300 cr
Updated On : 01 Jun 2023 | 10:55 PM IST

Indiabulls Housing Finance Q4 results: Net profit falls 14% to Rs 263 crore

The company's consolidated revenue from operation fell by 5.2 per cent to Rs 2,075 crore for the March quarter

Indiabulls Housing Finance Q4 results: Net profit falls 14% to Rs 263 crore
Updated On : 22 May 2023 | 4:56 PM IST

Indiabulls Housing embarks on growth path after three quarters of stability

IHFL's balance sheet and AUM have stabilised and the base has been formed for 10% YoY growth in loans this financial year

Indiabulls Housing embarks on growth path after three quarters of stability
Updated On : 16 Nov 2022 | 5:25 PM IST

Indiabulls Finance Q2 consolidated net up marginally to Rs 289.4 cr

Impairments on financial instruments double YoY; income from operations almost flat at Rs 2,229.7 cr

Indiabulls Finance Q2 consolidated net up marginally to Rs 289.4 cr
Updated On : 14 Nov 2022 | 7:04 PM IST

Indiabulls Housing Finance to raise Rs 1,000 cr via public issue of bonds

The Issue will open for subscription on Monday, September 5 and closes on September 22

Indiabulls Housing Finance to raise Rs 1,000 cr via public issue of bonds
Updated On : 05 Sep 2022 | 4:33 PM IST

Indiabulls Housing's net profit rises marginally to Rs 287 cr in Q1FY23

Indiabulls Housing Finance Ltd has reported 1.8 per cent year-on-year rise in its net profit to Rs 287 crore in first quarter of the current financial year

Indiabulls Housing's net profit rises marginally to Rs 287 cr in Q1FY23
Updated On : 11 Aug 2022 | 12:10 AM IST

Paytm, Zomato, Indiabulls Housing look oversold; can jump up to 25%

Among the beaten down mid- and small-cap stocks, Paytm and Zomato can provide some relief to investors, while stocks like Metropolis Healthcare and Latent View Analytics could see further pain

Paytm, Zomato, Indiabulls Housing look oversold; can jump up to 25%
Updated On : 15 Jun 2022 | 1:08 PM IST

Indiabulls Housing Finance Q4 net up 11.23% to Rs 307 cr, FY22 net dips

Income from operations fell to Rs 2,189 cr in Q4FY22 from Rs 2,372 cr in Q4FY21. Amount set aside for impairment on financial instruments declined to Rs 92 cr from Rs 316 cr

Indiabulls Housing Finance Q4 net up 11.23% to Rs 307 cr, FY22 net dips
Updated On : 20 May 2022 | 11:28 PM IST

Moody's affirms Indiabulls HFC's B3 rating; upgrades outlook to 'stable'

The Moody's affirmation is driven by Indiabulls' strong capital, comfortable liquidity, declining profitability and weak asset quality

Moody's affirms Indiabulls HFC's B3 rating; upgrades outlook to 'stable'
Updated On : 17 May 2022 | 2:46 PM IST

Bombay HC quashes magisterial court order against Indiabulls, promoters

Earlier in February, the ED had conducted raids in Delhi and Mumbai at the premises of Indiabulls and its promoters. The ED had also written to the National Stock Exchange (NSE) in this connection

Bombay HC quashes magisterial court order against Indiabulls, promoters
Updated On : 05 May 2022 | 8:15 AM IST

HC quashes FIR of cheating filed against Indiabulls Housing Finance Limited

The Bombay High Court on Wednesday quashed a case of cheating and criminal breach of trust registered against Indiabulls Housing Finance Limited (IHFL).

HC quashes FIR of cheating filed against Indiabulls Housing Finance Limited
Updated On : 04 May 2022 | 9:41 PM IST