Sammaan Capital Ltd.

NSE: SAMMAANCAP | BSE: 535789 | ISIN: INE148I01020 | Industry: Housing Finance
| Mid-range Performer

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Sammaan Capital Ltd.
09 Aug 2019, 12:00AM
132.00
3.21%
SMC online
Indiabulls Housing Finance has recorded 24% dip in the net profit to Rs 801.53 crore for the quarter ended June 2019. The net interest income of the company dipped 13%, while net provisions jumped 128% causing decline in the net profit of the company in Q1FY2020. The company has witnessed marginal decline in the margins, while asset quality deteriorated. The net interest income of the company declined 13% to Rs 1475 crore in the quarter ended June 2019. The company has witnessed decline in spreads to 3.14% in Q1FY2020 from 3.23% in Q1FY2019, as cost of funds increased to 8.91% in Q1FY2020 from 7.92% in Q1FY2019. The yield on loans also increased to 12.05% in Q1FY2020 from 11.15% in Q1FY2019....
Sammaan Capital Ltd. has gained 24.58% in the last 3 Months
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