Indiabulls Housing Finance announced Q3FY23 results: Q3FY23 & 9MFY23: Net Interest Income: 9MFY23: Rs 2,354 crore Q3FY23: Rs 950 crore Profit After Tax: 9MFY23: Rs 867 crore Q3FY23: Rs 291 crore NIM, RoA & Spread: NIM: 4.1% [Annualised] RoA: 1.5% [Annualised] Spread: 3.2%, up from 2.5% at end of Q3FY22 Asset Quality: GNPA: 3.30% NNPA: 2.18% Capital Level: Net Gearing: 2.3x Total CRAR: 33.8% Tier 1 CRAR: 28.6% Result PDF
Indiabulls Housing Finance announced Q2FY23 results: Q2FY23: The balance sheet, loan book and AUM have stabilized. The base formed for ~10% AUM growth in FY23 Retail disbursals under the asset-light model have increased 9x times in H1FY23 vs H1FY22 Since FY22, retail disbursals of ~Rs 7,800 crore have been done under the asset-light model. Disbursals have sharply picked up, retail AUM has resumed growth and the asset-light model is earning RoA of 3%+. Over 1,500 employees added since March 2021 Book spread has expanded to 3.1% at the end of H1FY23 as rate increases have been passed on In H1FY23, Stage 2 loan assets are down by 26% from FY22, and 39% from FY21. NPAs stable at Rs 2,123 crore [GNPA of 2.94%; NNPA of 1.70%]. Provisions at 3% of the loan book and 2.6X of the regulatory requirement. Result PDF