Indiabulls Housing Finance Ltd's Q1FY20 standalone net profit declines 24% yoy to Rs802cr : Misses Estimates

The company’s standalone NII stood at Rs1,475cr, down 12.72% yoy

Aug 06, 2019 11:08 IST India Infoline Research Team

Indiabulls Housing Finance Ltd Q1FY20

Standalone Results Q1FY20: (Rs. in cr)

Q1FY20 YoY (%)
NII 1,475 [12.7]
Net Profit (adjusted) 802 [24.0]

Indiabulls Housing Finance's NII for Q1FY20 has declined by 12.7% qoq to Rs1,475cr against Rs1,690cr in Q1FY19. The housing finance company’s net profit was below consensus estimates, which has declined by 24% yoy to Rs802cr. Its GNPA for Q1FY20 stood at 1.47% and NNPA at 1.1%.





Technical View:

Indiabulls Housing Finance Ltd ended at Rs. 514.10, up by 37.5 points or 7.87% from its previous closing of Rs. 476.60 on the BSE.
The scrip opened at Rs. 475 and touched a high and low of Rs. 519.95 and Rs. 471 respectively. A total of 2,25,12,047 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

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