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Indiabulls Housing Finance Ltd (IBHFL) has posted a 21 per cent increase in its second quarter consolidated net profit, aided by strong demand for individual home loans.
During July-September, the housing finance company posted a net profit of Rs 448 crore against Rs 369 crore, a year ago.
Total revenues increased 16 per cent to Rs 1,706 crore.
As on September 30, 2014, the Mumbai-based housing finance company had total outstanding loans worth Rs 45,027 crore.
Shares of the company closed down 2.63 per cent at 398.35 per share on the BSE.
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