NEW DELHI: Indiabulls Housing Finance on Friday reported a 22.5 per cent rise in consolidated net profit at Rs 1,030.37 crore for the March quarter against Rs 840.54 crore in the year ago period.

The numbers were a tad below than ETNow estimate of Rs 1,055 crore.

Total revenue of the company rose 23 per cent to Rs 3,967.22 crore against Rs 3,224.87 crore in the corresponding quarter last year.

Diluted EPS (earnings per share) of the company stood at Rs 23.91 the march quarter against Rs 19.63 last year.

The company's board has declared an interim dividend of Rs 10 per equity share for the financial year 2018-19. The record date for the purpose of determining the names of members eligible for receipt of the interim dividend will be May 3, 2018. The dividend will be paid on or before May 19, 2018.

Shares of the company on Friday ended 1 per cent lower at Rs 1,354.60 apiece on BSE.

Provisions for loan assets/bad debts came in at Rs 325.68 crore in the quarter, a 36.5 per cent rise against Rs 238.43 crore last year.

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