India Bulls Housing Finance (NSE: IBULLHSGFIN) is one of the largest housing finance companies in India, with a market capitalization of over ₹7,000 crores as of February 2023. The company offers a wide range of loan products, including home loans, loan against property, and business loans, among others. The company has a pan-India presence, with more than 200 branches in over 100 cities across the country. It has a diversified customer base, comprising of salaried individuals, self-employed professionals, and business owners.
In terms of earnings, Revenue from Operations for Q3 FY23 was ₹2,334 crore, a 2.5% increase from ₹2,274.36 crore in the same period last year. The third quarter’s other income, which contributed ₹0.63 Crore to the Total Revenue. Meanwhile, the Profit Before Tax declined to ₹404.8 Crore from ₹424 Crore from the same quarter previous year. The Consolidated Net Profit was ₹291 crore, down 4% from ₹303 crore in the same quarter last year. This quarter’s earnings per share was ₹6.42. In the same time period, the company’s Tax Expense decreased down to ₹113.83 Crore from ₹121.12 Crore.