Indiabulls Housing Finance Q1 net profit surges 25% YoY to Rs 788 crore

Home Loan firm Indiabulls Housing Finance has reported 25% rise in its net profit to Rs. 788.22 crore in the quarter ended June 30 this year, against Rs. 630.05 crore in the same period last year, the company said in a BSE filing. Net interest income for the company had grown at 25.7% to Rs 4,767.6 crore in financial year 2016-17 year-on-year. The company board also approved issuance of secured and unsecured NCDs, up to Rs 25,000 crore and Rs 3,000 crore, respectively, on private placement basis. The company has declared an interim dividend of Rs 9 per equity share for FY17-18.