Indiabulls Financial Reports 109 64 Surge In Q1 Net Profit (25-Jul-2010)
Indiabulls Financial Services has reported a net profit of Rs 128.24 crore for the quarter ended June 30, 2010 against Rs 61.17 crore for the quarter ended June 30, 2009, zoomed 109.64%. Meanwhile, its total income for the quarter under review stood at Rs 413.53 crore, up 19.45% over Rs 346.19 crore for the year ago period.
On consolidated basis, the group has posted a net profit of Rs 131.49 crore for the June 2010 quarter as compared to Rs 71.90 crore for the June 2009 quarter, surged 82.87%. Total income grew by 18.97% to Rs 471.09 crore during reporting quarter from Rs 395.99 crore for the corresponding quarter of the previous fiscal.
Indiabulls Financial Services is engaged in the business of offering various services in area of consumer finance, housing finance, commercial loans, life insurance, asset management and advisory services.
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