Indiabullls Housing Finance Q4 net rises 23% at Rs 451 crore

Indiabulls Housing Finance today reported 23 per cent rise in net profit at Rs 451.5 crore for the quarter ended March 31, 2014.

Total revenue of the company rose to Rs 1,568.63 crore for the quarter (January-March) under review, up from Rs 1,333.89 crore in the corresponding quarter of previous fiscal.

The net interest income (NII) rose by 12.09 per cent to Rs 704.83 crore, it said in a release.

Shares of the company closed down by 3.22 per cent at Rs 276.25 apiece on the BSE.