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Indiabulls Housing Finance reports 21% rise in Q2 consolidated net profit

28 Oct 2014 Evaluate

Indiabulls Housing Finance has reported results for second quarter ended September 30, 2014.

The company has registered 60.22% rise in its net profit at Rs 565.77 crore for the quarter under review as compared to Rs 353.11 crore for the same quarter in the previous year. Total income of the company has increased 25.06% at Rs 1780.53 crore for Q2FY15 as compared Rs 1423.69 crore for the corresponding quarter previous year.

On consolidated basis, the company’s net profit after taxes and minority interest for the quarter under review registered 21.43% growth at Rs 448.24 crore against Rs 369.12 crore in the September quarter of previous fiscal. The company’s total income has increased by 15.71% at Rs 1705.75 crore for the quarter from Rs 1474.15 crore in the similar quarter of previous year.

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