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Indiabulls Housing Finance reports 7% fall in Q4 consolidated net profit

Mumbai : Indiabulls Housing Finance has reported results for fourth quarter and year ended March 31, 2019. The company has reported a fall of 12.44% in its net profit at Rs 875.39 crore for the quarter under review as compared to Rs 999.71 crore for the same quarter in the previous year. Total income of the company decreased by 7.32% at Rs 3,709.50 crore for Q4FY19 as compared Rs 4,002.56 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 6.95% in its net profit at Rs 1,001.37 crore for the quarter under review as compared to Rs 1,076.13 crore for the same quarter in the previous year. However, total income of the company increased by 5.24% at Rs 4,209.81 crore for Q4FY19 as compared Rs 4,000.24 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 17.08% in its net profit at Rs 3,729.26 crore as compared to Rs 3,185.28 crore for the previous year. Total income of the company increased by 12.20% at Rs 15,439.12 crore for year under review as compared to Rs 13,760.49 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 4.76% in its net profit at Rs 4,057.79 crore as compared to Rs 3,873.33 crore for the previous year. Total income of the company increased by 13.83% at Rs 17,027.04 crore for year under review as compared to Rs 14,958.69 crore for year ended March 31, 2018.

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