Indiabulls Housing Finance registers PAT at Rs552cr for Q3

Indiabulls Housing Finance registers PAT for 9MFY20 is Rs 2,063cr and for Q3FY20 is Rs 552cr. Net worth stands at Rs 19,019cr. Gross NPA at end of Q3FY20 stood at 1.94% of total loan assets. Net NPA stood at 1.39%, Capital adequacy stands at 28.98%. Liquidity is at Rs 16,567cr at the end of Dec 2019.

In Q3FY20, the company received sanctions to the tune of Rs 16,540cr across instruments, of which it drew down Rs 8,040cr and has undrawn available sanctions of Rs 8,500cr. The company has further proposals of Rs 2,650cr in the pipeline. Drawdown under the PCG scheme of the Government too has taken place. In Q3FY20, the company sold down loans of Rs 1,995cr compared to Rs 750cr in Q2FY20.