Indiabulls Housing Finance Q2 profit up by 26%

Disbursals grew by 41.8% to Rs 9,504.2 crore and NII was up by 27.1% to Rs 1,389.5 crore in the first quarter

Indiabulls Housing Finance saw a rise in net profit in the September quarter helped by expansion in loan book and rise in the net interest income (NII).

The non-banking finance company (NBFC) reported a profit of Rs 861.1 crore for the quarter against Rs 684.3 crore in year-ago quarter, a rise of 26 per cent. Disbursals grew by 41.8 per cent to Rs 9,504.2 crore and NII was up by 27.1 per cent to Rs 1,389.5 crore in the first quarter.

Asset quality improved with gross non-performing loans at 0.78 per cent and net non-performing assets at 0.31 per cent as on