Indiabulls Housing Finance falls as Q3 profit drops

Sammaan Capital

15/02/2021 05:40

** 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;))