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Indiabulls Housing Finance reports 14% fall in Q3 consolidated net profit

31 Jan 2019 Evaluate

Indiabulls Housing Finance has reported results for third quarter ended December 31, 2018.

The company has reported a rise of 50.79% in its net profit at Rs 952.66 crore for the quarter under review as compared to Rs 631.77 crore for the same quarter in the previous year. Total income of the company increased by 19.53% at Rs 4,047.93 crore for Q3FY19 as compared Rs 3,386.42 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 13.73% in its net profit at Rs 985.51 crore for the quarter under review as compared to Rs 1,142.32 crore for the same quarter in the previous year. However, total income of the company increased by 7.21% at Rs 4,480.21 crore for Q3FY19 as compared Rs 4,179.01 crore for the corresponding quarter previous year.

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