Indiabulls Housing Finance up on strong earnings

Rohan Takalkar
/ Categories: Pre Morning, Mindshare, Quarterly Results, Markets

Indiabulls Housing Finance reported strong earnings for the quarter with robust bottom-line growth.

The net interest income for the quarter rose by 32.9 per cent yoy to Rs.1,555 crore in Q1FY19 vs Rs. 1,176 crore in previous year's corresponding quarter. The interest income for the quarter rose by 29 per cent yoy to Rs. 3,890 crore in Q1FY19 vs Rs. 3,016 crore in the previous year's corresponding quarter.

The net profit for the quarter rose by 30 per cent yoy to Rs. 1,048 crore in Q1FY19 vs Rs. 804 crore in the previous year's corresponding quarter.

The board also declared an interim dividend of Rs. 10 per share on face value of Rs. 2 per share.

The stock is currently trading 5 per cent up at Rs. 1,380 per share on Friday.

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