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Indiabulls Housing Finance reports 23% rise in Q4 consolidated net profit

26 Apr 2016 Evaluate

Indiabulls Housing Finance has reported results for the fourth quarter and year ended March 31, 2016.

The company has posted a rise of 21.81% in its net profit at Rs 641.84 crore for the quarter ended March 31, 2016 as compared to Rs 526.92 crore for the same quarter in the previous year. Total income of the company has increased by 23.81% at Rs 2513.76 crore for quarter under review as compared to Rs 2030.30 crore for the quarter ended March 31, 2015.

On consolidated basis, the company has posted a rise of 22.59% in its net profit after taxes, minority interest and share of profit of associates at Rs 675.50 crore for the quarter ended March 31, 2016 as compared to Rs 551.02 crore for the corresponding quarter in the FY15. Total income of the company increased by 25.01% at Rs 2647.18 crore for quarter under review as compared to Rs 2117.52 crore for the same quarter ended previous year.

For the year ended March 31, 2016, the company has posted a rise of 15.97% in its net profit at Rs 2294.12 crore as compared to Rs 1978.22 crore for the same period in the previous year. Total income of company increased 23.85% at Rs 8841.92 crore for year under review as compared to Rs 7139.34 crore for the period ended March 31, 2015.

For the year ended March 31, 2016, on the consolidated basis, the company has posted rise of 23.34% in its net profit after taxes, minority interest and share of profit of associates at Rs 2344.73 crore as compared to Rs 1901.10 crore for the same period in the previous year. Total income of company has increased by 27.21% at Rs 9225.55 crore for year under review as compared to Rs 7252.34 crore for the period ended March 31, 2015.

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