Indiabulls Fin posts Rs 395-cr profit

Indiabulls Housing Finance Ltd posted a consolidated net profit of ₹395 crore in the third quarter aided by a strong demand for home loans. In the previous quarter (Q2), the company posted a net profit of ₹369 crore. The previous year’s figures are not comparable as the company has since merged Indiabulls Financial Services with the housing finance entity. The board of the company has declared an interim dividend of ₹7 per share and fixed February 1, 2014, as the date of payment of dividend. Shares of the Mumbai-based housing finance lender closed at ₹237.30, up 1.39 per cent on the Bombay Stock Exchange.