Indiabulls HFC Q3 up 8.9% at Rs 985 cr; AUM expected to grow 20% - 25%

Loan assets rose by 16.2 per cent to Rs 1,24,271.1 crore at end of December 2018 from Rs 1,06,971.3 crore at end of December 2017

Indiabulls Housing Finance Ltd has posted 8.9 per cent rise in net profit (profit after tax) at Rs 985 crore for the third quarter ended December 2018 (Q3Fy19) from Rs 905 crore in the same quarter in Fy18.

The above PAT for Q3 FY18 has been adjusted for profit from the sale of stake in OakNorth Bank to GIC of Singapore, in November 2017. Also, in Q3FY19 there is a one-time tax incidence of Rs 217 crore, on account of redemption of long-term units of debt mutual funds, the company said in a statement.

The company's stock was trading 1.8 per cent