NEW DELHI: Mortgage participant Indiabulls Housing Finance on Tuesday reported a marginal 3 per cent rise in consolidated internet revenue to Rs 298 crore within the second quarter ended September 2023. The corporate had reported a internet revenue of Rs 289 crore within the July-September quarter of final fiscal.
Its whole revenue throughout the quarter below evaluation rose to Rs 2,242 crore from Rs 2,231 crore within the corresponding quarter a 12 months in the past, Indiabulls Housing Finance mentioned in a regulatory submitting.
Nonetheless, curiosity revenue declined to Rs 1,731 crore in comparison with Rs 2,126 crore a 12 months in the past.
The corporate, in a separate submitting, mentioned it has transferred the third tranche of the reserve quantity of Rs 313.86 crore to the lender reimbursement belief.
The trustee in flip has created a set deposit utilizing the reserve quantity with a scheduled business financial institution and such reserve quantities could be utilised for redemption of the Overseas Foreign money Convertible Bonds (FCCB) in compliance with relevant legal guidelines if the put possibility is exercised by the FCCB holders on March 5, 2024.
At maturity, the FD proceeds might be used to discharge the corporate’s liabilities to the holders of the FCCB.
Mounted deposits aggregating to Rs 942 crore now covers 75 per cent FCCB quantity of March 2024 put possibility (whole excellent challenge of $149.5 million), it mentioned.
Its whole revenue throughout the quarter below evaluation rose to Rs 2,242 crore from Rs 2,231 crore within the corresponding quarter a 12 months in the past, Indiabulls Housing Finance mentioned in a regulatory submitting.
Nonetheless, curiosity revenue declined to Rs 1,731 crore in comparison with Rs 2,126 crore a 12 months in the past.
The corporate, in a separate submitting, mentioned it has transferred the third tranche of the reserve quantity of Rs 313.86 crore to the lender reimbursement belief.
The trustee in flip has created a set deposit utilizing the reserve quantity with a scheduled business financial institution and such reserve quantities could be utilised for redemption of the Overseas Foreign money Convertible Bonds (FCCB) in compliance with relevant legal guidelines if the put possibility is exercised by the FCCB holders on March 5, 2024.
At maturity, the FD proceeds might be used to discharge the corporate’s liabilities to the holders of the FCCB.
Mounted deposits aggregating to Rs 942 crore now covers 75 per cent FCCB quantity of March 2024 put possibility (whole excellent challenge of $149.5 million), it mentioned.
