Sunday, April 22, 2018

Indiabulls Housing Finance up 1030 Crore Profit, Loan Growth


Indiabulls Housing Finance up 1030 Crore Profit, Loan Growth


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. 

Share Market Tips

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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