Indiabulls Housing vaults after robust Q1 result

Indiabulls Housing Finance advanced 5.35% to Rs 1,370.75 at 12:24 IST on BSE after consolidated net profit rose 30.29% to Rs 1054.72 crore on 23.81% rise in total income to Rs 4071.32 crore in Q1 June 2018 over Q1 June 2017.

The result was announced after market hours yesterday, 2 August 2018.

Meanwhile, the S&P BSE Sensex was up 258.30 points or 0.7% at 37,423.46

On the BSE, 24.27 lakh shares were traded on the counter so far as against average daily volumes of 7.09 lakh shares in the past two weeks. The stock had hit a high of Rs 1,384.75 and a low of Rs 1,335 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 1,080.45 on 24 May 2018.

The large-cap company has equity capital of Rs 85.32 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 (FY 2019). The company has fixed 14 August 2018 as the record date for the purpose of payment of interim dividend.

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

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