Indiabulls Housing Finance has reported a growth of 2.94 per cent its net consolidated profit during the quarter ended September 30, 2023. Its profit after tax stood at Rs 297.98 crore in Q2 FY24 as previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at Rs 2,242.30 crore, a growth of 0.49 per cent from Rs 2,231.33 crore it recorded in the similar quarter last year.
The board of directors, subject to the approval of any regulatory or statutory authorities, has also approved issuance and allotment of secured and/or unsecured, listed and/or unlisted, redeemable nonconvertible debentures, on private placement or public issue basis or otherwise, in one or more tranches, for an aggregate amount of up to Rs 5,000 crore.
During the current quarter, upon exercise of stock options by the eligible employees, the company had issued an aggregate of 79,34,267 equity shares of face value Rs 2 each. Consequent to the said allotment, the paid·up equity share capital of the company further stands increased from Rs. 943,193,260 divided into 471,596,630 equity shares of face value Rs 2 each to Rs. 959,061,794 divided into 479,530,897 equity shares of face value Rs 2 each.
During the current quarter, the securities issuance and investment committee or the board of directors of the company vide resolution dated July 27, 2023 approved and allotted 1,013,259 NCDs of face value or Rs 1,000 each, aggregating to Rs 101.32 crore on public issue basis.
During the current quarter, the board vide resolution dated September 26, 2023 also approved and allotted 1,131,783 NCDs of face value of Rs 1,000 each aggregating to Rs 113.17 crore on public issue basis. As on September 30, 2023, its net worth stood at Rs 16,736.92 crore, debt-equity ratio was 2.59, total debts to total assets was 0.65, net profit margin (as on six months ended September 30, 2023) was 13.32%, gross non-performing assets (NPAs) were 3.72% and net NPAs were 2.22%.
