Indiabulls Housing Finance Q2 net up 24% at Rs 555 cr

Firm's total income up 31% to Rs 1,985 cr, Board declares third interim dividend of Rs 9 per share for FY16

Mortgage player Indiabulls Housing Finance today reported 23.93 per cent jump in consolidated net profit to Rs 555.53 crore for the second quarter ended September 30, 2015-16.

The company had reported net profit of Rs 448.24 crore in the July-September quarter of last fiscal, 2014-15.

Its total income for the quarter under review rose to Rs 1,985 crore, up 31.08 per cent, from Rs 1,514.31 crore in the corresponding quarter a year ago, the company said in a BSE filing.

Indiabulls Housing Finance reported net interest income (NII) of Rs 884.6 crore, compared with Rs 657.1 crore a year ago, an increase of 34.62 per cent.

In a separate filing, the company said its Board has declared a third interim dividend of Rs 9 per equity share for the financial year 2015-16.

The company's scrip was trading at Rs 736.15, down 0.28 per cent from their previous close on the BSE.