Indiabulls Housing Finance up 1030 Crore Profit, Loan Growth

Indiabulls Housing Finance up 1030 Crore Profit, Loan Growth

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In the fourth quarter of fiscal year 2018, Indiabulls Housing Finance's profits have increased 23 per cent. During this, the company has a profit of Rs 1030 crore. In the fourth quarter of the financial year 2017, the company had a profit of Rs 840 crore. The company says that the company's profits have increased due to high loan growth and reducing costs. 

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Profit in FY18 3847 crores

The company's profits in the entire financial year rose 32.4% to Rs. 3847 crores compared to a year earlier. In the financial year 2017, the company had a profit of Rs 2906.4 crore. In the full financial year, the balance sheet of the company has increased 27.2% to Rs 131902.8 crores. The company's balance sheet at the end of financial year 2017 was Rs. 103705.4 crores. 

 NPA decreases in FY18

- Loan Asset has increased 34.3% to Rs. 122577.8 crore at the end of financial year 2018. At the same time, the gross NPA down 0.77% and Net NPA decreased from 0.36% to 0.34% compared to the gross NPA 0.88%.
-Company has raised Rs 45,000 crore from Debt Market in Fiscal 2018 and plans to raise Rs 50,000 crore in the current fiscal. 

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