Indiabulls Housing Fin net rises 20.6%

Net interest income grows 26% to Rs 821 cr

Indiabulls Housing Finance on Tuesday reported a 20.6 per cent jump in profit at Rs 511.3 crore in the June quarter on higher loan disbursement. It had reported profit-after-tax of Rs 423.8 crore a year ago. "We saw strong loan disbursement in the quarter. We had disbursed Rs 4,550 crore as against Rs 3,655 crore last year," Deputy Managing Director Ashwini Hooda said.

At the end of the quarter, the balance sheet size stood at Rs 53,959 crore as against Rs 46,359 crore previous year. Net interest income grew 26 per cent to Rs 821.5 crore against Rs 652.4 crore a year ago.
 

The asset quality remained stable with gross NPAs at 0.85 per cent and net NPA at 0.36 per cent in the quarter.