Indiabulls Housing Finance Q2 profit jumps over 21% to Rs 10.4 billion

Total loans outstanding up 28.9% to Rs 1.29 trn; gross NPA at 0.77% for the quarter

Indiabulls Housing Finance (IBHFL) registered a net profit of Rs 10.44 billion in the second quarter of FY2019, as against a net profit of Rs 8.61 billion in the corresponding quarter of FY2018, posting a year-on-year growth of 21.2 per cent. 

Total loans outstanding grew by 28.9 per cent to Rs 1.29 trillion as of September 30, 2018, compared to Rs 1 trillion at the end of September 30, 2017. Total loan disbursal for Q2FY2019 stands at Rs 110.34 billion.

As per the investor presentation, the company's liquidity position stands at Rs 212.5 billion as of end-September and the 30-day