Indiabulls Housing Q1 profit up 31% at Rs 352 crore

Indiabulls Housing Finance said its profit after tax (PAT) in the first quarter ended June 30, 2013 stood at Rs 351.5 crore, up 31.4% from the year- ago period.

 

Company's PAT in the corresponding quarter of previous fiscal stood at Rs 267.6 crore.

 

Total income of the company rose by 27.95% to Rs 1,344 crore, up from Rs 1,050.40 crore a year earlier.

 

The shares of the company today touched a new high of Rs 285 apiece on the BSE. However, they closed at Rs 269.25 apiece, down 4.99% from the previous close.