Indiabulls Housing Finance’s profit fell 8% to Rs 303 cr in Q3 FY22

11 Feb 2022 CW Team

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

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..