Indiabulls Housing Finance maintains a high EBITDA margin

India’s second largest housing finance company by its Market cap announced Q4FY16 results on Monday. Indiabulls Housing Finance, the highest dividend yielding housing finance company posted strong quarterly and yearly numbers.

On financial front, company’s consolidated revenues stood at Rs 2232.97 crore this quarter, as against Rs 1966.3 crore in Q3FY16, an increase of 14 per cent Q-O-Q (Quarter on Quarter). EBITDA of company came in at Rs 2010.43 crores this quarter compared to Rs 1803.88 crores in Q3FY16, an increase of 11 per cent QoQ. EBITDA margin stands at 90 per cent this quarter compared to 91.73 per cent last quarter.

The interest expenditure of the company came in at Rs 1361.64 crores in Q4FY16 as compared to 1225.75 crores in previous quarter, an increase of 11 per cent QoQ. The interest burden is 60.97 per cent of sales this quarter compared to 62.33 per cent for the same period last year.

The Net profit (PAT) rose to Rs 675.5 crore in Q4FY16, as against Rs 602.42 crore for the last quarter, an increase of 12 per cent Q-O-Q. Company witnessed a rise of 28 per cent in its Revenues; and 23 per cent rise in the Net profit from the same quarter last year.

On a yearly basis the company's Consolidated Revenues came in at Rs 7841.83 crore for the year ended March 2016, compared to Rs 6121.03 crore in March 2015, an increase of 28 per cent. Net profit too grew from Rs 1901.10 crore in FY15 to Rs 2344.73 crore in FY16.

The company is looking forward to raise its funds of Rs 12600 crores through bonds; and Rs 5400 crore through ECBs in FY16. The stock closed at 663.6 on Monday, an increase of 1.5 per cent from the previous close.