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Indiabulls Housing Finance has reported a 22.6% YoY increase in consolidated net profit, for the quarter ended March 31.
The profit after tax (PAT) comes in at Rs.1,030.37 crore for Q4 of FY18, as against Rs.840.54 crore posted in the same quarter previous year. The gross NPA and net NPA for Q4 stood at 0.77% and 0.34%, respectively.
The company’s board has declared an interim dividend of Rs.10 per equity share (at face value of Rs 2 per share), for financial year 2018-19. Further, it has also approved issuance of secured Non-Convertible Debentures(NCDs) and unsecured, Redeemable, Non-Convertible Subordinate Debt (NCDs) upto Rs.25,000 crore and Rs.1,000 crore, respectively. This will be on a private placement basis, in one or more tranches, from time to time.
