April 25, 2019 / 4:30 AM / 7 months ago

BUZZ-Indiabulls Housing Finance falls as tax expenses dent Q4 profit

** Shares of Indiabulls Housing Finance Ltd fall as much as 2.6 pct to 730 rupees

** Q4 consol profit dipped 6.9 pct to 10.01 bln rupees ($143.10 mln), co reported on Wednesday

** Tax expenses for the period nearly tripled to 4.26 bln rupees

** This is the mortgage lender’s second straight fall in quarterly profit

** Co also approved issue of secured and unsecured NCDs up to 250 bln rupees and 10 bln rupees, respectively

** Stock down 12.3 pct this year as of last close

$1 = 69.9500 Indian rupees

0 : 0
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