Indiabulls Housing Finance net profit grows by 21.25 per cent in Q2FY19

Indiabulls Housing Finance reported results for the quarter Q2FY19. The net interest income for the quarter rose by 14.38 per cent yoy to Rs. 1,424 crore in Q2FY19 vs Rs. 1,245 crore in previous year's corresponding quarter. The interest income for the quarter grew by 26.1 per cent yoy to Rs. 3,980 crore in Q2FY19 vs Rs. 3,156 crore in the previous year's corresponding quarter. The net profit for the quarter grew by 21.25 per cent yoy to Rs. 1,044 crore in Q2FY19 vs Rs. 861 crore in the previous year's corresponding quarter. GNPA, NNPA for the quarter Q2FY19 were at 0.77 per cent & 0.58 per cent respectively.