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Indiabulls Housing Finance reports over four fold jumps in Q3 consolidated net profit

22 Jan 2014 Evaluate

Indiabulls Housing Finance has reported results for third quarter ended December 31, 2013.

The company has reported a rise of over four fold in its net profit at Rs 371.50 crore for the quarter as compared to Rs 88.05 crore for the same quarter in the previous year. Total income from operations of the company has increased by 300% at Rs 1498.33 crore for quarter under review as compared to Rs 374.27 crore for the quarter ended December 31, 2012.

On the consolidated basis, the group has reported a rise of over four fold in its net profit at Rs 395.14 crore for the quarter as compared to Rs 88.05 crore for the same quarter in the previous year. Total income from operations of the company has increased by 318% at Rs 1565.79 crore for quarter under review as compared to Rs 374.27 crore for the quarter ended December 31, 2012.

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