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Indiabulls Finance Q2 consolidated net up marginally to Rs 289.4 cr

Impairments on financial instruments double YoY; income from operations almost flat at Rs 2,229.7 cr

Indiabulls Housing Finance
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The company's balance sheet size declined to Rs 75,812 crore in September 2022 from Rs 86,432 crore a year ago

Abhijit Lele Mumbai
Indiabulls Housing Finance Ltd posted a marginally higher net profit of Rs 289.4 crore in the second quarter ended September 2022 (Q2FY23) from Rs 286.3 crore in the same quarter of FY22. Sequentially, the consolidated net profit rose slightly from Rs 286.64 crore in the first quarter ended June 2022 (Q1FY23).

The consolidated income from operations was almost flat at Rs 2,229.7 crore in Q2FY23 from Rs 2,232.7 crore a year ago. Sequentially, it rose from Rs 2,075 crore in Q1FY23, according to a company filing with BSE.

The Indiabulls Housing Finance stock closed 2.36 per cent up at 134.6