INSUBCONTINENT EXCLUSIVE:
Indiabulls Housing Finance on Tuesday reported a net profit of Rs 801.53 crore for the April-June period, marking a fall of 24 per cent over
the corresponding period a year ago
In a regulatory filing after market hours, New Delhi-based Indiabulls Housing Finance said its revenue from operations stood at Rs 3,346.16
crore in the quarter ended June 30
That marked a drop of 10.43 per cent on a year-on-year basis
Shares in the company jumped ahead of the earnings announcement.Its net interest income declined 12.72 per cent to Rs 1,475 crore in the
first quarter of the current financial year
of Indiabulls Housing Finance, Indiabulls Commercial Credit with Lakshmi Vilas Bank
meeting on Tuesday, approved the issuance of non-convertible debentures up to Rs 26,000 crore on a private placement basis in one or more
tranches.Shares in Indiabulls Housing Finance climbed as much as 9.10 per cent during the session before settling with a gain of 7.87 per
cent at Rs 514.10 apiece on the BSE, outperforming the benchmark Sensex index which shut shop up 0.75 per cent.Get Breaking news, live
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