Indiabulls Housing Finance on Wednesday reported 54-pc decline in its Q2 console-net profit to Rs 323.20 crore for the second quarter ended September 30. In the corresponding quarter last year, the company had posted a net profit of Rs 702.18 crore.

The company's net profit was higher by 18.5 pc, from Rs 272.84 crore in the preceding quarter ended June. Its total income declined 25.9 pc to Rs 2,581 crore during July-Sep 2020 versus Rs 3,481.40 crore in the year-ago period, it said.  On the standalone basis, the net profit in the Sept 2020 quarter declined 53.85 pc to Rs 235.37 crore, against Rs 510.09 crore a year ago. Its total income declined to Rs 2,233.07 crore, from Rs 2,988.07 crore a year ago.

Shares of Indiabulls Housing Finance on Wednesday closed at Rs.159.10, up by Rs. 1.30 from its previous closing price on the National Stock Exchange.

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