Indiabulls Housing Finance Q4 results: Net profit up 21% to Rs 319 crore
The company’s total revenue rose to Rs 2,255 crore, compared to Rs 2,077 crore in the year-ago quarter. Photo: Shutterstock
Indiabulls Housing Finance Ltd on Friday posted a 21 per cent rise in consolidated net profit to Rs 319 crore for the March quarter.
The mortgage company had reported a net profit of Rs 263 crore in the year-ago period.
Operating revenue rose to Rs 2,205 crore for the March quarter, compared to Rs 2,075 crore in the same period last year, Indiabulls Housing Finance said in a filing with the regulator.
The company’s total revenue rose to Rs 2,255 crore, compared to Rs 2,077 crore in the year-ago quarter.
In terms of asset quality, the company’s gross non-performing assets (NPAs) have fallen to 2.69 percent at the end of March 2024 from 2.85 percent a year ago.
Net non-performing assets (NPAs) also fell to 1.52 per cent, compared to 1.89 per cent of total advances last year.
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First print: May 24, 2024 | 7:52 PM IST