Indiabulls Housing Finance's loans grow 34.3% in Q4

Though operating profit growth was satisfactory, a higher provisioning hit net profit growth, down to a 22.6 per cent rise, the lowest such in several quarters

Indiabulls Housing Finance (IBHFL) reported a 34.3 per cent growth in assets under management (AUM, the loan size), as of end-March. 

A 35 per cent rise in disbursement, year-on-year (y-o-y), led by home loans (up 55 per cent), boosted the AUM. Home loans were over half the the disbursement. 

Resultantly, net interest income grew 22.2 per cent.

The management believes growth of the housing segment will accelerate. “There is huge momentum in the affordable housing segment, and premium housing has started selling well. So, as these two segments continue to do well, the whole mortgage market will start compounding.

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