Indiabulls Housing Finance Limited Q1 FY-16 Net Profit up by 20.6% to Rs. 511 Crore

Highlights Q1 FY 2015-16

• PAT up 20.6% at Rs.511 crore

• Balance Sheet size at Rs. 59,958.8 crore

• Gross and Net NPAs are at 0.85% of total advances & at 0.36% respectively

• Provision cover of 137%.

• Spreads were stable at 328 bps on book basis and 312 bps on incremental basis

• Interim dividend of Rs. 9 per share

Key Ratios:

First of its kind initiative in India: IBHFL has tied up with CRISIL Ratings to grade all of its incremental LAP loans.

This independent scrutiny of individual LAP loans will form a critical input in underwriting and managing the LAP portfolio

Performance Highlights for the Quarter ended June 30, 2015 are:

• Gross and Net NPAs have remained stable from Q4 FY15 and are at 0.85% of total advances & at 0.36% respectively

• Net Profit for the quarter was Rs. 511 crore as against Rs. 424 crore in the corresponding quarter of the previous year, showing a growth of 20.6%

• Net Interest Income (NII) was Rs. 821.5 crore as against Rs. 652.4 crore in the corresponding quarter of the previous year, showing a growth of 25.9%

• Balance Sheet size is at Rs. 53,959 crore as against Rs. 46,359 crore in the corresponding quarter of the previous year.

• Total provision pool is Rs. 626.9 crore against gross NPAs of Rs. 456.9 crore, which is a provision cover of 137.2%.

About Indiabulls Housing Finance:

IBHFL is India’s 2^nd largest Housing Finance Company in the private sector with a balance sheet size of Rs. 59,959 crore. It has a network of 220+ branches, and a sales team of about 2,000 dedicated and trained employees. It provides quick, convenient and competitively priced home loans to both salaried and self-employed customers. For the fiscal year ending March 2015, the company reported PAT of Rs.1,901.2 crore. IBHFL is a AAA rated company.