Indiabulls Housing builds good Q1

about 4 months ago
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Indiabulls Housing Finance posted a good set of numbers for Q1FY19, with growth in tandem with estimates. The company posted a net profit of Rs.10.55 crore, up 30% (YoY) with net interest income rising 22% at Rs.17 crore.

Its loan book showed a healthy growth of 33% at Rs.1.25 lakh crore.

Asset quality showed some pressure - Gross NPA came in at 0.78% v/s 0.77% (QoQ) and Net NPA showed a rise from 0.34% to 0.59% (QoQ).

The company declared an interim dividend of Rs 10 per equity share.

The market is enthused with the numbers and the stock price rose 6.5% to Rs.1384.75 and continues to remain firmly in the green.

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