Indiabulls Housing gains after good Q4 result

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Capital Market
Last Updated : Apr 23 2018 | 11:04 AM IST

Indiabulls Housing Finance rose 0.94% to Rs 1,367.35 at 10:29 IST on BSE after the company reported 22.58% rise in consolidated net profit to Rs 1030.37 crore on 23.02% rise in total income to Rs 3967.22 crore in Q4 March 2018 over Q4 March 2017.

The result was announced after market hours on Friday, 20 April 2018.

Meanwhile, the S&P BSE Sensex was up 79.28 points or 0.23% at 34,494.86.

On the BSE, 64,000 shares were traded on the counter so far as against average daily volumes of 86,000 shares in the past two weeks. The stock had hit a high of Rs 1,390 and a low of Rs 1,357.75 so far during the day. The stock had hit a record high of Rs 1,439.40 on 29 January 2018. The stock had hit a 52-week low of Rs 957.40 on 20 April 2017.

The large-cap company has equity capital of Rs 85.31 crore. Face value per share is Rs 2.

Indiabulls Housing Finance said that the board of directors of the company has declared an interim dividend of Rs 10 per share for the financial year ending 31 March 2019.

Indiabulls Housing Finance provides home loans in the affordable housing segment.

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First Published: Apr 23 2018 | 10:43 AM IST

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