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Indiabulls Housing Finance reports 23% rise in Q1 consolidated net profit

25 Jul 2016 Evaluate

Indiabulls Housing Finance has reported results for first quarter ended June 30, 2016.

The company has reported 25.45% rise in its net profit at Rs 626.47 crore for the quarter ended June 30, 2016 as compared to Rs 499.36 crore for the same quarter in the previous year. The company’s total income increased by 29.83% to Rs 2527.79 crore for the quarter under review from Rs 1947.07 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 23.23% rise in its net profit after taxes, minority interest and share of profit of associates at Rs 630.05 crore for the quarter ended June 30, 2015 as compared to Rs 511.27 crore for the same quarter in the previous year. Total income of the company increased by 28.27% at Rs 2597.46 crore for quarter under review as compared to Rs 2024.93 crore for the quarter ended June 30, 2015.

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