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Indiabulls Housing Finance reports 22% rise in Q4 consolidated net profit

23 Apr 2014 Evaluate

Indiabulls Housing Finance has reported results for fourth quarter and year ended March 31, 2014

The company has posted a rise of 27.03% in its net profit at Rs 458.52 crore for the quarter ended March 31, 2014 as compared to Rs 360.96 crore for the same quarter in the previous year. Total income from operations of the company has increased by 5.55% at Rs 1290.70 crore for quarter under review as compared to Rs 1222.87 crore for the quarter ended March 31, 2013.

On consolidated basis, the company has reported 21.81% rise in its net profit at Rs 451.45 crore for the quarter ended March 31, 2014 as compared to Rs 370.62 crore for the same quarter in the previous year. Total income from operations of the company has soared by 6.65% at Rs 1322.36 crore for quarter under review as compared to Rs 1239.85 crore for the quarter ended March 31, 2013.

For the year ended March 31, 2014, the company has posted a jump of 22.97% in its net profit at Rs 1509.99 crore as compared to Rs 1227.91 crore for the same period in the previous year. Total income from operations of company has surged by 17.69% at Rs 5224.11 crore for year under review as compared to Rs 4438.95 crore for the period ended March 31, 2013.

For the year ended March 31, 2014, on the consolidated basis, the company has posted a rise of 24.29% in its net profit at Rs 1564.16 crore as compared to Rs 1258.44 crore in FY13. Total income from operations of company has increased by 20.35% at Rs 5419.39 crore for year under review as compared to Rs 4503.11 crore for the period ended March 31, 2013.

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