The Indiabulls Housing Finance's profit after tax (PAT) fell by 8% to Rs 303 crore due to slower loan growth in the quarter ended in December. In the previous year, it had a PAT of Rs 329 crore. However, the lender is doing more co-lending disbursements, which is supporting its profitability, Hooda said. The company disbursed around Rs 2,800 crore in retail loans in Q3 FY22. Through co-lending arrangements with seven institutions, it disbursed Rs 1,573 crore. It plans to co-lend Rs 18,000 crore in FY23 and Rs 24,000 crore in FY24. Gross Non performing assets (NPAs) were 3.18% in Q3FY22, up from 2.44% the previous quarter. Net NPAs were 1.80%, up from 1.46%, the previous quarter. The loan book's provisions were 4.5% of the total. The provision coverage ratio for stage 3 was 43% of gross NPAs. Tier 1 capital adequacy was at 31.2%, and capital adequacy was at 25.7%. On the BSE, its shares closed at Rs 206.70 per share, up 4.68%. The Reserve Bank of India (RBI) regulates Indiabulls Housing Finance Ltd (IBHFL), the country's third-largest housing finance company. Leading rating agencies such as Credit Rating Information Services of India Limited (CRISIL), Investment Information and Credit Rating Agency of India (ICRA), and Credit Analysis & Research Ltd (CARE) Ratings have given IBHFL a AA rating, while Brickwork Ratings has given it a AA+ rating. As of June 30, 2021, the company's balance sheet was 0.87 trillion dollars. More than 1 million satisfied customers have been served, and over 2.86 trillion in loans have been disbursed. It has a strong national presence and is expanding its reach with e-Home Loans, India's first fully online home loan fulfilment platform. Image Source Also read: Indiabulls Housing Finance plans to raise 1,000 cr via public bonds