Monday 25 July 2016

Indiabulls Housing Finance Q1 cons net profit at Rs.630 crore

The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs.630 crore for the quarter ended June 30, 2016 as compared to Rs.511.3 crore for the quarter ended June 30, 2015.

Indiabulls Housing Finance
Indiabulls Housing Finance Ltd has announced the following results for the quarter ended June 30, 2016:

The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs.630 crore for the quarter ended June 30, 2016 as compared to Rs.511.3 crore for the quarter ended June 30, 2015. Total Income has increased from Rs.2024.9 crore for the quarter ended June 30, 2015 to Rs.2597.4 crore for the quarter ended June 30, 2016.

The unaudited standalone results for the Quarter ended June 30, 2016

The company has posted a net profit of Rs.6264.758 million for the quarter ended June 30, 2016 as compared to Rs.4993.647 million for the quarter ended June 30, 2015. Total Income has increased from Rs.19470.789 million for the quarter ended June 30, 2015 to Rs.25277.930 million for the quarter ended June 30, 2016.

The Board of Directors of the Company has declared an Interim Dividend of Rs.9/- per equity share (on the face value of Rs.2 per share) for the financial year 2016-2017.

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