Indiabulls Housing Finance posts 30% growth in net profit in Q1 FY19

Indiabulls Housing Finance (IBHFL) recorded 30.3% growth in its net profit during the quarter ending June 2018. Its profit after tax (PAT) stood at Rs 1,048.68 crore from Rs 804.89 crore it registered in the similar quarter previous fiscal. The company's net income stood at Rs 4,071.32 crore as against Rs 3,288.24 crore it recorded in corresponding quarter last year. IBHFL's gross NPA was at 0.78% in Apr-Jun 2018 down from 0.80% in Apr-Jun 2017. Its total disbursal was Rs 10,044.2 crore up 47.7% on a year-on-year basis for Q1FY19 while the loan Book was at Rs 1,25,962.9 crore, a growth of 33.4% from Rs 94,450.7 crore it recorded in Q1 FY18.