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Indiabulls Housing Finance reports 2-fold jump in Q4 consolidated net profit

20 May 2021 Evaluate

Indiabulls Housing Finance has reported results for fourth quarter and year ended March 31, 2021.

The company has reported 41.51% fall in its net profit at Rs 405.67 crore for the quarter under review as compared to Rs 693.53 crore for the same quarter in the previous year. Total income of the company decreased by 18.50% at Rs 2141.58 crore for Q4FY21 as compared Rs 2627.68 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 2-fold jump in its net profit attributed to the equityholders at Rs 276.23 crore for the quarter under review as compared to Rs 137.06 crore for the same quarter in the previous year. However, total income of the company decreased by 18.02% at Rs 2421.96 crore for Q4FY21 as compared Rs 2954.20 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported 50.99% fall in its net profit at Rs 1058.46 crore as compared to Rs 2159.91 crore for the previous year. Total income of the company decreased by 23.32% at Rs 8752.79 crore for year under review as compared to Rs 11415.30 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the company has reported 45.38% fall in its net profit attributed to the shareholders at Rs 1201.59 crore as compared to Rs 2199.80 crore for the previous year. Total income of the company decreased by 24.15% at Rs 10030.12 crore for year under review as compared to Rs 13223.23 crore for year ended March 31, 2020.

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