Indiabulls Finance Q3 PAT up 31% at Rs 324cr

Indiabulls Financial Services has announced its third quarter results. The company's Q3 consolidated net profit was up 31% at Rs 324 crore versus Rs 247.4 crore, year-on-year, YoY.

Its consolidated income from operations was up 31% at Rs 1,148 crore versus Rs 875 crore, YoY.

Indiabulls Finance says:

• The company's Q3 NII at Rs 544 crore
• Cost-to-income ratio was around 18% range
• Company's net worth stands at Rs 5,382 crore
• Q3 Net Gearing at 4.5x 
• Net leverage continues to be at comfortable levels
• Expect spreads to be stable or marginally higher going ahead
• Book grew by 30% in Q3
• Expect housing biz to grow by 25-30% going forward
• Currently not interested in a banking licence

At 14:06 hrs Indiabulls Financial Services was quoting at Rs 333.35, up Rs 3.50, or 1.06%. It has touched an intraday high of Rs 338.00 and an intraday low of Rs 325.25. It was trading with volumes of 699,545 shares, compared to its five day average of 389,902 shares, an increase of 79.42%.
 
The share touched its 52-week high Rs 339.65 and 52-week low Rs 181.00 on 09 January, 2013 and 07 February, 2012, respectively.