Indiabulls Housing Finance announced its quarterly results on July 3, 2020. The consolidated income in Q4FY20 stood at Rs2,954cr, which declined by 32% yoy as against Rs4,344cr in the same quarter, the previous year.
The company posted a net profit of Rs137cr for Q4FY20 that declined by 86% yoy, as compared to Q4FY19 when it reported Rs1,006cr. Normalized PAT for the company in Q4FY20 is at Rs841cr, and for full FY20 it is Rs2,904cr. The fall in the quarterly net profit was on account of macro uncertainties resulting from COVID19.
The total provisions stood at Rs3,741cr in Q4FY20 which is 5.4% of the loan book of Rs69,676cr. The total provisions in Q3FY20 stood at Rs1,574cr. The gross NPA ratio at the end of Q4FY20 stood at 1.8% of gross assets compared to 1.94% at the end of Q3FY20.
The company has effectively achieved ‘zero’ net NPA status and now carries Rs2,391cr of extra provisions, representing 3.4% of the loan book.
The capital-to-risk weighted assets ratio (CRAR) in FY20 is27.1% i.e Tier 1 is 20.31% and tier 2 is 6.78%.
On Friday the share closed at Rs230.95 with a growth of 2.58% on BSE.
|
Particulars |
Q4FY20 (Rs in cr) |
Q4FY19 (Rs in cr) |
% VAR |
|
Net Income |
2,945.00 |
4,344.00 |
-32 |
|
Net Profit |
137.00 |
1006.00 |
-86 |
|
Particulars |
Q4FY20 |
Q3FY20 |
% variance |
|
Total Provision (Rs in cr) |
3,741 |
1,574 |
137 |
|
GNPA Ratio |
1.84% |
1.94% |
-0.10 |
|
Provision Coverage |
24% |
22% |
2 |
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