Indiabulls Housing Finance reports a 2% dip in net income at Rs 1,006 cr

The second largest pure-play mortgage lender Indiabulls Housing Finance Wednesday reported a marginal 2 per cent dip in net income at Rs 1,006 crore for the March quarter due to lower disbursements and on a one-time provisions

For the full year, the company had reported a net income of Rs 4,091 crore, a growth of 11.8 per cent over Rs 3,658 crore booked in FY18.

The company closed the year with assets of Rs 1,20,525 crore, and a balance sheet of Rs 1,30,104 crore.

Net interest income for the quarter rose 5.8 per cent to Rs 1,591 crore, the company said, and had