Indiabulls Housing Finance Q4 net profit up 22.6% YoY
Indiabulls Housing Finance on Friday reported a 22.5 per cent rise in consolidated net profit at Rs 1,030.37 crore for the March quarter against Rs 840.54 crore in the year ago period.
The consolidated revenue from operations recorded 20.6 percent growth in the fourth quarter of FY18 and stood at Rs 3,689.72 crore compared to a year ago.
The company’s board has declared an interim dividend of Rs 10 per equity share for the financial year 2018-19.
The board has also approved issuance of secured Non-Convertible Debentures (NCDs) and unsecured, Redeemable, Non-Convertible Subordinate Debt (NCDs) upto Rs 25,000 crore and Rs 1,000 crore, respectively. This will be on a private placement basis, in one or more tranches, from time to time.