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Indiabulls Housing Finance Ltd today reported 21 per cent rise in net profit at Rs 478.1 crore for the third quarter of 2014-15.
"Net profit for the quarter was Rs 478.1 crore as against Rs 395.1 crore in the corresponding quarter of the previous year," the company said in a release.
Its revenues grew to Rs 1,871.2 crore during October-December quarter of current fiscal, up from Rs 1,574.6 crore in the year ago period.
The Net Interest Income (NII) grew by 25.6 per cent in the third quarter of current fiscal at Rs 828 crore, from Rs 659 crore in the corresponding quarter of the previous year.
Gross Non-Performing Asset (NPA) stood at 0.86 per cent of total advances, and net NPA at 0.34 per cent.
"NPA's continue to remain within the target range despite a prolonged depressed economic environment and a resultant phase of weakened credit cycle," the company said.
Total provision pool is Rs 604.7 crore against gross NPAs of Rs 411.8 crore, which is a provision cover of 147 per cent, it added.
Shares of Indiabulls Housing Finance closed marginally up at Rs 571.75 per share on BSE.
