Indiabulls Housing Finance Q1 net rises 21% to Rs 511 cr

Indiabulls Housing Finance Tuesday reported a 20.65 percent growth in consolidated net profit at Rs 511.27 crore for the quarter ended June 30.

New Delhi: Indiabulls Housing Finance Tuesday reported a 20.65 percent growth in consolidated net profit at Rs 511.27 crore for the quarter ended June 30.

The firm had a net profit after taxes, minority interest and share of profit of associates at Rs 423.74 crore in the April-June quarter of 2014-15.

Total income has increased to Rs 2,024.93 crore for the June quarter, from Rs 1,589.04 crore in the same period last fiscal, the company said in a BSE filing.

On a standalone basis, Indiabulls Housing Finance reported a 21 percent growth in net profit at Rs 499.36 crore in the three month period ending June.

The net profit was Rs 412.20 crore in corresponding period of previous fiscal.

Total income has increased to Rs 1,947.07 crore during the first quarter of the fiscal, from Rs 1,533.95 crore in the quarter ended June 30, 2014.

Shares of Indiabulls Housing Finance closed at Rs 664.50, down 2.15 percent on BSE.

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