New Delhi, May 24 (PTI) Indiabulls Housing Finance Ltd on Friday posted a 21 per cent rise in consolidated net profit to Rs 319 crore for the March quarter.

The mortagage firm had reported a net profit of Rs 263 crore in the year-ago period.

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Its revenue from operations rose to Rs 2,205 crore for the March quarter as compared to Rs 2,075 crore in the year-ago period, Indiabulls Housing Finance said in a regulatory filing.

Total income of the company rose to Rs 2,255 crore as compared to Rs 2,077 crore in the same quarter a year ago.

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With regard to asset quality, the company's gross non-performing assets (NPAs) declined to 2.69 per cent at the end of March 2024 against 2.85 per cent a year ago.

Net non-performing assets (NPAs), too, moderated to 1.52 per cent from 1.89 per cent of the total advances in the previous year.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)