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Brokerages remained mixed in their opinion after subdued growth in March quarter results.
Net Sales are expected to decrease by 0.3 percent Y-o-Y (down 11 percent Q-o-Q) to Rs. 1,591.5 crore, according to Motilal Oswal.
Gagan Banga, Managing Director of Indiabulls Housing Finance, said the company has taken some small developers to the NCLT.
We see a challenging time ahead for housing finance companies, amid rising rates and competition, and remain extremely selective; Buy HDFC and Indiabulls Housing Finance
Expect government to continue with its thrust on affordable housing and in that regards give more tax breaks in Budget 2018, said Gagan Banga, VC & MD, Indiabulls Housing Finance.
It has been a good quarter for Indiabulls Housing Finance with the highest ever loan growth. In an interview to CNBC-TV18, Gagan Banga, Vice Chairman & Managing Director, Indiabulls Housing Finance spoke about the results and his outlook for the company.
the company has been able to maintain their GNPAs at 85 basis points for the last three year and as of now, there is no concern on existing books, said Gagan Banga, VC & MD, Indiabulls Housing Finance.
Non-banking financial companies (NBFC) earnings are in focus today, Indiabulls Housing saw a steady show in Q4 and the street now awaits numbers from LIC Housing Finance and M&M Finance. In an interview to CNBC-TV18, Nidhesh Jain, Analyst-Financials at Investec shared his views and readings for the NBFC sector.
In an interview to CNBC-TV18, Ashwini Kumar Hooda, Deputy MD of Indiabulls Housing Finance spoke about the results and his outlook for the company.
Indiabulls has a balance sheet size of Rs 91,000 crore, of which around 25 percent is cash balance. Banga expects the balance sheet size to rise to Rs 1 lakh crore by the end of current fiscal.
In an interview with CNBC-TV18, Gagan Banga, VC and MD of the company said that it has been able to reduce the cost of funds successfully and expects to increase its market share in the home loan segment.
The mortgage player reported a 23.93 percent jump in consolidated net profit to Rs 555.53 crore for the second quarter ended September 30, 2015-16.
The segment of home loans between Rs 25-30 lakh category have shown good traction compared to the high ticket category of above Rs 1 crore, says Gagan Banga, VC&MD, Indiabulls Housing Finance.
In an interview to CNBC-TV18, Gagan Banga, VC & MD of Indiabulls Housing Finance, discusses the company‘s performance this quarter.
Indiabulls Housing Finance posted a consolidated profit of Rs 478 crore, up 21 percent, as against Rs 395.1 crore on a year-on-year basis in its third quarter ended December.
The company reported a 21 percent growth at Rs 448.3 crore in net profit for the September quarter versus Rs 370.38 crore in the same period last year.
Speaking to CNBC-TV18, Gagan Banga, managing director & chief executive officer, Indiabulls Housing Finance says the the company‘s credit performance is robust keeping in mind the macro performance.