The Board of directors of Indiabulls Housing Finance Limited has recommended a final dividend of ₹ 1.25 per equity share translating to 62.5% on face value of ₹ 2 each for the financial year ended March 31, 2023, subject to approval of members at the ensuing Annual General Meeting.
The Company is emerging from a phase of consolidation over the last few years. As the Company gets back on the path of growth, the Board has resumed payment of dividends to shareholders. The Company is also very well capitalized with capital adequacy in excess of 23% on standalone basis and 31% on consolidated basis as at the end of March 2023.
In the past, the Company has had a consistent dividend paying track record. As business has now stabilized and the Company gets back on the path of growth, subject to regulatory limits, the Company aims to resume consistent payment of dividends. It is the Company's goal to deliver good returns to shareholders both on RoE and on dividends.
Shares of Indiabulls Housing Finance Limited was last trading in BSE at Rs. 127.55 as compared to the previous close of Rs. 125.75. The total number of shares traded during the day was 1372466 in over 9647 trades.
The stock hit an intraday high of Rs. 128.95 and intraday low of 126.50. The net turnover during the day was Rs. 175322609.00.