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Indiabulls Housing Finance reports 32% fall in Q2 consolidated net profit

07 Nov 2019 Evaluate

Indiabulls Housing Finance has reported results for second quarter ended September 30, 2019.

The company has reported a fall of 45.34% in its net profit at Rs 510.09 crore for the quarter under review as compared to Rs 933.26 crore for the same quarter in the previous year. Total income of the company decreased by 25.02% at Rs 2,910.53 crore for Q2FY20 as compared Rs 3,881.80 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 32.15% in its net profit at Rs 702.18 crore for the quarter under review as compared to Rs 1,034.92 crore for the same quarter in the previous year. Total income of the company decreased by 19.62% at Rs 3,420.45 crore for Q2FY20 as compared Rs 4,255.27 crore for the corresponding quarter previous year.

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