Indiabulls Housing Finance reaches summit on good Q1 results

Indiabulls Housing Finance gained 2.7% to Rs 1,186.40 at 10:45 IST on BSE after consolidated net profit rose 25.1% to Rs 788 crore on 24.2% growth in total revenue to Rs 3225 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours yesterday, 24 July 2017.

Meanwhile, the S&P BSE Sensex was up 35.97 points or 0.11% at 32,280.26.

On the BSE, 48,286 shares were traded on the counter so far as against the average daily volumes of 1.18 lakh shares in the past one quarter. The stock had hit a high of Rs 1,191.65 so far during the day, which is a record high for the counter. The stock had hit a low of Rs 1,163.35 so far during the day. The stock had hit a 52-week low of Rs 616.05 on 27 December 2016.

 

The stock had outperformed the market over the past one month till 24 July 2017, rising 4.59% compared with 3.56% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 14.77% as against Sensex's 8.73% rise. The scrip had also outperformed the market in past one year, jumping 57.17% as against Sensex's 15.98% rise.

The large-cap company has equity capital of Rs 84.87 crore. Face value per share is Rs 2.

Indiabulls Housing Finance's loan assets rose 33% to Rs 94451 crore as of 30 June 2017 over the assets as of 30 June 2016.

The company's board declared an interim dividend of Rs 9 per share for the year ending 31 March 2018 (FY 2018).

The board also approved the issuance of secured/unsecured non convertible debentures (NCDs), upto Rs 25000 crore & Rs 3000 crore respectively, on private placement basis.

Indiabulls Housing Finance is a housing finance company.

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