Indiabulls Housing Finance Q4 Results: Profit Up 21% To Rs 319 Crore

Indiabulls Housing Finance Ltd on Friday posted a 21% rise in consolidated net profit to Rs 319 crore for the March quarter. The mortagage firm had reported a net profit of Rs 263 crore in the year-ago period.

Its revenue from operations rose to Rs 2,205 crore for the March quarter as compared to Rs 2,075 crore in the year-ago period, Indiabulls Housing Finance said in a regulatory filing.

Total income of the company rose to Rs 2,255 crore as compared to Rs 2,077 crore in the same quarter a year ago.

With regard to asset quality, the company's gross non-performing assets declined to 2.69% at the end of March 2024 against 2.85% a year ago.

Net non-performing assets, too, moderated to 1.52% from 1.89% of the total advances in the previous year.