Indiabulls Hsg Finance posts strong AUM growth and improved asset quality

Indiabulls Housing Finance, one of India’s largest housing finance companies, reported its FY18 results. The company's total AUM touched Rs 131,903 crore in Q4FY18.

The total revenue for the quarter rose by 26 per cent YoY to Rs 3,689 crore in Q4FY18 as against Rs 2,931 crore in the corresponding quarter previous year. The interest expended also rose by 20.4 per cent YoY to Rs 2,093 crore in Q4FY18 versus Rs 1739 crore in Q4FY17. The resultant NII for the quarter rose to Rs 1596 crore in Q4FY18 versus Rs 1192 crore in Q4FY17, an increase of 14.3 per cent QoQ.

The asset quality reported strong improvement as GNPAs for the quarter stood at 0.77 per cent in Q4FY18 as compared to 0.85 per cent in the corresponding quarter previous year, while NNPAs improved marginally at 0.34 per cent for Q4FY18.
 
The total balance sheet rose by 27.2 per cent YoY to Rs.131,903 crore in Q4FY18 as against Rs 103,705 crore in the corresponding quarter previous year. Out of the total AUM, retail mortgage lending constituted 79 per cent and corporate mortgage lending 21 per cent.

The company also declared interim dividend of Rs.10 per share on face value of Rs.2 per share. The stock closed one per cent down at the Rs 1354-mark