Q1FY21 results: Indiabulls Housing Finance net profit declines by 65.5 per cent YoY to Rs 272.84 crore
Indiabulls Housing Finance Limited announced its Q1FY21 results on Aug 21, 2020. Consolidated profit stood at Rs 272.84 crore for Q1FY20. It declined by 65.5 per cent as compared to Rs 790 crore that it had reported in Q1FY20.
Net interest income (NII) stood at Rs 701.11 crore as against Rs 983.48 crore it reported in Q1FY20. A decline of 28.7 per cent YoY. Total income declined by 33.7 per cent YoY to Rs 2578.23 crore in Q1FY21. It had reported total income of Rs 3886.12 crore in Q1FY20.
Operating profit for Q1FY21 stood at Rs 354.45 crore. A decline of 68 per cent YoY as against Rs 1105.99 crore in Q1FY20.
Capital adequacy ratio stood at 27.94 per cent in Q1FY21, compared to 27.81 per cent in Q1FY20.
On Friday, share price of company closed at Rs 203.1 down by 0.44 per cent on BSE.
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Particulars
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Q1FY21
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Q1FY20
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Change
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Net Profit
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272.84
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790.03
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-65.5%
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Net interest income
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701.11
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983.48
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-28.7%
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Operating profit
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354.45
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1,105.99
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-68.0%
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