Mortgage lender Indiabulls Housing Finance Limited posted its Q1 results on Thursday after market hours. The Company profits (PAT) soared by 29% YoY to INR 967.95 Cr as compared to INR 749.99 Cr for the previous year. Read details –
Revenue
The Company’s revenue from operations, on a standalone basis, grew by 26.22% year-on-year to INR 3601.12 Cr which was INR 2853.04 Cr for the period ended 30 June 2018.
The Company’s total revenue stood at INR 3789.45 Cr for the period ends on 30 June 2018 as compared to INR 3115.59 Cr a year ago.
Company’s consolidated revenue for the period ended 30 June 2018 stood at INR 4071.32 Cr
Profit
The Company’s PAT, standalone basis, stood at INR 967.95 Cr for the period ends on 30 June 2018.
The Indiabulls Group profit stood at INR 1048.68 Cr for the same period.
EPS (Earning Per Share) for the company stood at INR 22.69 (Basic) and INR 22.47 (Diluted) for 30 June 2018.
Dividend
The Board of Directors of the Company has at its meeting held on 31 July 2018 recommended an interim Dividend of INR 10 per share.
Overview – Indiabulls Housing Finance Ltd
Indiabulls Housing Finance Limited (IBHFL) is the 2nd largest private housing finance company in India, regulated by the National Housing Bank (NHB). IBHFL is an ‘AAA’ rated company.
Indiabulls Housing Finance has been ranked the 13th largest Consumer Financial Services Company by Forbes Global 2000 – World’s Largest Companies list in 2018. The Company is a part of one of India’s leading business conglomerates – The Indiabulls Group, which was established in 1999 with business’ spread across housing finance, real estate and wealth management.
The Company has serviced more than 1 Million customers and have cumulatively disbursed home loans of over Rs. 1.97 Trillion as of the last financial year. The Company is having a workforce of over 8111 employees, more than half of which is dedicated to customers and sales, serving as the pillar on which we can meet the many needs of the segment.
Stock Price Movement
The stock closed up by more than 1% to INR 1299 when the market closed on Thursday! During the quarter ended 30 June 2018, the share prices of Indiabulls Housing Finance Limited tumble more than 7%
Indiabulls Housing Finance on Technical Charts
The stock price of Indiabulls Housing Finance (IBHFL) is trading more than 6% higher when compared to its 89 EMA and 7% higher when compared to its 200 EMA.
Also Read –
1) Finblab’s Valuepick Stock for the month of July 2018 – CEAT Limited
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