About the Company:
Indiabulls Housing Finance Limited is a mortgage lender, headquartered situated in New Delhi, India. It is India's second largest housing finance company and is regulated by the National Housing Bank. It is part of Sameer Gehlaut’s Indiabulls group and contributes approximately 80% of the groups turnover.
QoQ & YoY Performance:
India’s leading Housing Finance Company has declared the results for the second quarter of financial year ending September 2020.
- Performance: Consolidated Net sales/ revenue of the company recorded to Rs.34.20 crores, declined by 11.97% in the September quarter of FY20. Total expenditure (excluding interest and depreciation expenses) are Rs.4.75 crores, up by 22.42%. EBITDA numbers down by 15.78%.
- YoY Performance: The Company has reported a 19.61% decrease in sales/revenue while expenditure (excluding interest and depreciation expenses) of the company have witnessed an uptake by 57.28%. EBITDA numbers slipped by 25.47%.
- Profitability of the company: Net profits of the company landed to Rs.7.03 crores, dropped by 11.01% QoQ and declined by 32.01% YoY.
As per Lokesh Sethia, SEBI Registered, the stock was closed at Rs.219.40 per share. The company has declared weak revenues at 34.20 crores declined by 11.97% and net profit of the company decrease by 11.01% at 7.03 crores. So avoid to take any positions in the stock.