Comments
Indiabulls Housing Finance Ltd has posted a 22 per cent increase in its fourth quarter consolidated net profit helped by higher other income and lower tax expenses.
During January-March, the housing finance company posted a net profit of Rs 451 crore against Rs 371 crore, a year ago.
Income from operations increased seven per cent to Rs 1,244 crore. Other income more than doubled during the quarter to Rs 246 crore.
The company has declared a dividend of Rs 9 per share on face value of share of Rs 2 each and said that it will pay the same on May 7.
Full-year net profit
For the full financial year ended March 31, 2014, the company has posted a net profit of Rs 1,569 crore, a growth of 24 per cent over the year-ago period.
The company’s loan book grew to Rs 41,169 crore as of March 31, 2014 from Rs 34,425 crore, a year earlier.
Shares of the Mumbai-based financier closed 3.22 per cent down at Rs 276.50 on the Bombay Stock Exchange.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.