Shares of Indiabulls Housing Finance were trading 2% down in the morning session Tuesday after the company’s standalone net profit for Q2FY19missed street expectation.
The housing finance company’s net profit was 3% below consensus estimates, which has improved by 21.3% yoy to Rs1,044cr against Rs861cr yoy. Its GNPA for Q2FY19 stood at 0.77%, which is flat qoq. The company’s NII for Q2FY19 has improved by 17.4 yoy to Rs1,631cr against Rs1,389cr yoy.
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