Indiabulls Housing Finance Q1 net rises 25% to Rs 788 cr

Total revenue up 24.2% to Rs 3,225 cr; disbursals rise 29% to Rs 6,799 cr

Indiabulls Housing Finance Ltd (IBHL), India’s second largest housing finance company, has posted 25 per cent increase in its net profit at Rs 788.2 crore for the quarter ended June 2017 compared to Rs 630.1 crore reported in the same quarter last year. 

Total revenue of the company was up 24.2 per cent to Rs 3,225 crore for the April–June quarter of FY18 as against Rs 2,597.5 crore for the corresponding quarter the previous year. Total disbursal for the quarter stood at Rs 6,798.6 crore, up 29 per cent from a year ago.

Margins on both, the stock of loans and incremental