Indiabulls Housing Finance Q2 net up 24% at Rs 555.53 cr

New Delhi: Mortgage player Indiabulls Housing Finance on Wednesday reported 23.93 per cent jump in consolidated net profit to Rs 555.53 crore for the second quarter ended September 30, 2015-16.

The company had reported net profit of Rs 448.24 crore in the July-September quarter of last fiscal, 2014-15.

Its total income for the quarter under review rose to Rs 1,985 crore, up 31.08 per cent, from Rs 1,514.31 crore in the corresponding quarter a year ago, the company said in a BSE filing.

Indiabulls Housing Finance reported net interest income (NII) of Rs 884.6 crore, compared with Rs 657.1 crore a year ago, an increase of 34.62 per cent.

In a separate filing, the company said its Board has declared a third interim dividend of Rs 9 per equity share for the financial year 2015-16.

The company's scrip was trading at Rs 736.15, down 0.28 per cent from their previous close on the BSE.