Quarterly Result: Indiabulls Housing Finance
Bhagyashree Vivarekar / 20 Jan 2017
The company's stock, which opened for trading at Rs 750.1 on the BSE, fell 0.4 per cent after the results were declared and is currently trading around Rs 750.1. The company reported PAT of Rs 751.49 crore which represents a sequential QoQ increase of 9.82 per cent and a YoY increase of 24.75 per cent.
Indiabulls Housing Finance Q3 results
Indiabull Housing Finance Ltd. reported its results for the quarter ended December 31, 2016 post market hours today.
The total sales for Q3FY17 came in at Rs 2585.86 crore, which represents a 3.03 per cent sequential increase and 24.61 per cent YoY increase.
The operating profit (EBIT) for the recently concluded quarter amounted to Rs 2,220.02 crore and the EBIT margin stood at 85.85 per cent, a YoY contraction of 83 bps.
The company reported PAT of Rs 751.49 crore which represents a sequential QoQ increase of 9.82 per cent and a YoY increase of 24.75 per cent.
The company's stock, which opened for trading at Rs 750.1 on the BSE, fell 0.4 per cent after the results were declared and is currently trading around Rs 750.1.
Indiabulls Housing Finance Ltd. is an India-based company engaged in the business of housing finance providing home loans and loans against property. The company also offers plot loans and loans against residential, commercial, and rental property. The company has its registered office in in New Delhi.
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