Mortgage lender Indiabulls Housing Finance (IBH) reported a 7% decline in consolidated net profit for the quarter ended March 31 to ₹1,006.15 crore from ₹1,082.23 crore during the same period of the previous year. The home financier had disbursed over ₹7,300 crore of loans in the Jan.-March period, twice of what it disbursed in Q3FY19, it said in a statement.
“IBH closed March 2019 with cash and liquid investments of over ₹30,000 crore,” the statement said.
On a year-on-year basis, the balance sheet contracted by 1.8% to ₹1.30 lakh crore as on March 31, while loan assets contracted by 1.4% to ₹1.2 lakh crore.