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IBULHSGFIN - Indiabulls Housing Finance News Story

₹192.25 1.0  0.5%

Last Trade - 09/04/21

Sector
Financials
Size
Mid Cap
Market Cap £836.0m
Enterprise Value £6.54bn
Revenue £990.7m
Position in Universe 308th / 3106

BUZZ-Indiabulls Housing Finance falls as Q3 profit drops

Mon 15th February, 2021 5:40am
** Shares of Indian housing finance co  INBF.NS  down as
much as 7% to 220.30 rupees - biggest intraday pct loss since
Jan. 18
    ** INBF on Friday posted a 40.4% and a 10.8% fall in Dec-qtr
consol. profit and interest income, respectively  urn:newsml:reuters.com:*:nFWN2KI0R3
    ** INBF loan book falls to 702.82 bln rupees ($9.68 bln) as
of Q3, from 727.91 bln rupees as of Q2
    ** Total provisions held as of Q3 are 24.18 bln rupees, 3.4%
of the loan book
    ** INBF board also approves issue of non-convertible
debentures of up to 50 bln rupees
    ** Stock fell 29.7% in 2020



($1 = 72.5980 Indian rupees)

 (Reporting by Anuron Kumar Mitra in Bengaluru)
 ((AnuronKumar.Mitra@thomsonreuters.com; +91 99863 58469;))
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