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Indiabulls Housing Finance reports 30% rise in Q1 consolidated net profit

03 Aug 2018 Evaluate

Indiabulls Housing Finance has reported results for first quarter ended June 30, 2018.

The company has reported a rise of 29.06% in its net profit of Rs 967.95 crore for the quarter under review as compared to Rs 749.99 crore for the same quarter in the previous year. Total income of the company increased by 21.63% at Rs 3,789.45 crore for Q1FY19 as compared Rs 3,115.59 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 30.29% in its net profit of Rs 1,054.72 crore for the quarter under review as compared to Rs 809.49 crore for the same quarter in the previous year. Total income of the company increased by 23.81% at Rs 4,071.32 crore for Q1FY19 as compared Rs 3,288.24 crore for the corresponding quarter previous year.

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