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Indiabulls Housing Finance’s Q2 consolidated net profit rises 21%

Indiabulls Housing Finance has reported results for second quarter ended September 30, 2018.

The company has reported a rise of 16.10% in its net profit of Rs 933.26 crore for the quarter under review as compared to Rs 803.83 crore for the same quarter in the previous year. Total income of the company increased by 17.64% at Rs 3,881.80 crore for Q2FY19 as compared Rs 3,299.69 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 21.22% in its net profit of Rs 1044.15 crore for the quarter under review as compared to Rs 861.35 crore for the same quarter in the previous year. Total income of the company increased by 23.25% at Rs 4,255.27 crore for Q2FY19 as compared Rs 3,452.45 crore for the corresponding quarter previous year.