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Indiabulls Housing Finance reports 26% rise in Q3 consolidated net profit

21 Jan 2016 Evaluate

Indiabulls Housing Finance has reported results for third quarter ended December 31, 2015.

The company has registered 28.53% rise in its net profit at Rs 608.35 crore for the quarter under review, as compared to Rs 473.32 crore for the same quarter in the previous year. Total income of the company has increased 22.75% at Rs 2220.52 crore for Q3FY16 as compared Rs 1809.00 crore for the corresponding quarter previous year.

On the consolidated basis, the company’s net profit rose 26.01% to Rs 602.42 crore for the Q3 FY16 as compared to Rs 478.08 crore in Q3 FY15. Moreover, the total income surged 24.43% to Rs 2307.72 crore in the quarter under review as compared to Rs 1854.64 crore in the corresponding quarter previous year.

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