Indiabulls Hsg Finance q-on-q net up 35% to Rs 11.6 bn on one-time sale

Improvement in commercial leasing space gives hope to stronger housing market

Indiabulls Housing Finance Limited (IBHFL), the country’s second largest housing finance company, registered a net profit of Rs 11.67 billion for the quarter ending December 31, 2017. On the sequential basis, IBHFL’s net profit has risen 35 per cent from Rs 8.61 billion from the quarter ending September 2017.

On the year-on-year basis, net profit rose by 55.4 per cent from a net profit of Rs 7.52 billion realised during the quarter ending December 31, 2016.

“There are two aspects to the rise in net profits, one part is a normal profit of 24 per cent, and the other is