Indiabulls Housing Finance trades jubilantly on reporting 2-fold jump in Q4 consolidated net profit

20 May 2021 Evaluate

Indiabulls Housing Finance is currently trading at Rs. 209.10, up by 15.85 points or 8.20% from its previous closing of Rs. 193.25 on the BSE.

The scrip opened at Rs. 198.00 and has touched a high and low of Rs. 214.60 and Rs. 192.50 respectively. So far 2815275 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 263.60 on 23-Jun-2020 and a 52 week low of Rs. 113.85 on 26-May-2020.

Last one week high and low of the scrip stood at Rs. 214.60 and Rs. 182.20 respectively. The current market cap of the company is Rs. 9774.06 crore.

The promoters holding in the company stood at 21.70%, while Institutions and Non-Institutions held 46.35% and 31.95% respectively.

Indiabulls Housing Finance has reported 41.51% fall in its net profit at Rs 405.67 crore for the quarter ended March 31, 2021 as compared to Rs 693.53 crore for the same quarter in the previous year. Total income of the company decreased by 18.50% at Rs 2141.58 crore for Q4FY21 as compared Rs 2627.68 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 2-fold jump in its net profit attributed to the equity holders at Rs 276.23 crore for the quarter ended March 31, 2021 as compared to Rs 137.06 crore for the same quarter in the previous year. However, total income of the company decreased by 18.02% at Rs 2421.96 crore for Q4FY21 as compared Rs 2954.20 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported 50.99% fall in its net profit at Rs 1058.46 crore as compared to Rs 2159.91 crore for the previous year. Total income of the company decreased by 23.32% at Rs 8752.79 crore for year under review as compared to Rs 11415.30 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the company has reported 45.38% fall in its net profit attributed to the shareholders at Rs 1201.59 crore as compared to Rs 2199.80 crore for the previous year. Total income of the company decreased by 24.15% at Rs 10030.12 crore for year under review as compared to Rs 13223.23 crore for year ended March 31, 2020.

Sammaan Capital Share Price

149.90 0.40 (0.27%)
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Peers
Company Name CMP
LIC Housing Finance 584.90
Housing & Urban Dev. 232.35
Bajaj Housing Financ 126.95
Sammaan Capital 149.90
PNB Housing Finance 846.65
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