Mumbai: Indiabulls Financial Services on Tuesday announced a consolidated net profit of Rs135.7 crore for the second quarter ended September, a 21.4% growth over the corresponding period year ago.
The company had a consolidated net profit of Rs111.8 crore in the same period of FY’08, Indiabulls Financial Services said in a filing to the Bombay Stock Exchange.
The total revenues rose to Rs641.5 crore for the quarter under review, from Rs350.5 crore in the same period last year.
“Indiabulls Financial Services Ltd results for FY 2008 period are presented excluding the results of Indiabulls Securities Ltd to provide for effective comparison with current period numbers. As a part of the de-merger scheme, one shares of Indiabulls Securities Ltd was given for every share of Indiabulls Services Ltd held on the record date of January 8,” the company said.
For the six-month ended 30 September, the financial services provider reported a net profit of Rs284.7 crore, against Rs227.4 crore last year.
The total revenues rose to Rs1,206.1 crore in the current quarter, from Rs674.2 crore in the same period year-ago.
Shares of the company were trading at Rs104.95, up 6.60% in the morning trade on the BSE.