Indiabulls Housing Finance Q4 net up 24% at Rs 841 cr

Expects to raise $1.5 bn from abroad in FY18

Indiabulls Housing Finance had a 24.4 per cent increase in net profit to Rs 841 crore in the March quarter. Net interest income (NII) rose 21.8 per cent to Rs 1,360 crore.

For the entire financial year, 2016-17, net profit rose 24 per cent to Rs 2,906 crore. NII grew 25.7 per cent to Rs 4,767 crore.

The size of the balance sheet was Rs 103,705 crore. The home loan book is expanding faster than other mortgage loans. With a focus on the mid-income segment, it is aiming at a balance sheet size of Rs 2 lakh crore by FY20,