Indiabulls Housing Finance surged 7.22% to Rs 393.50 at 12:15 IST on BSE after consolidated net profit rose 20.6% at Rs 423.80 crore on 19.3% growth in total revenue to Rs 1602.80 crore in Q1 June 2014 over Q1 June 2013.
The Q1 result was announced after market hours on Thursday, 24 July 2014.
Meanwhile, the S&P BSE Sensex was down 140.96 points or 0.54% at 26,130.89.
On BSE, so far 2.60 lakh shares were traded in the counter as against average daily volume of 1.54 lakh shares in the past one quarter.
The stock hit a high of Rs 409.70 so far during the day, which is a record high for the counter. The stock hit a low of Rs 373 so far during the day. The stock had hit a record low of Rs 166 on 25 September 2013.
The stock had underperformed the market over the past one month till 24 July 2014, advancing 0.48% compared with the Sensex's 3.56% rise. The scrip had, however, outperformed the market in past one quarter, surging 32.85% as against Sensex's 14.84% rise.
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The large-cap company has equity capital of Rs 66.91 crore. Face value per share is Re 2.
Indiabulls Housing Finance's consolidated net interest income (NII) rose 17.1% to Rs 701.20 crore in Q1 June 2014 over Q1 June 2013.
The company's gross non-performing assets (NPA) ratio stood at 0.84% as on 30 June 2014 as against 0.78% as on 30 June 2013. The net NPA ratio stood at 0.35% as on 30 June 2014 as against 0.34% as on 30 June 2013.
The company had cash, cash equivalents and investments in liquid debt instruments of Rs 7391.80 crore as at 30 June 2014.
Total loan assets as on 30 June 2014 stood at Rs 42014 crore as against Rs 36874 crore as on 30 June 2013.
Indiabulls Housing Finance's board of directors at its meeting held on Thursday, 24 July 2014, declared interim dividend of Rs 8 per share for the year ending 31 March 2015.
Indiabulls Housing Finance is a housing finance company. The company also provides other loans, such as loan against residential properties for home improvement and to small businesses, commercial vehicle loans, and corporate loans for housing projects.
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