Friday, July 25, 2008

Indiabulls Financial Announces Q1 Results - July 25, 2008

Indiabulls Financial Services Ltd has announced the following Unaudited results for the quarter ended June 30, 2008:

The Company has posted a net profit of Rs 1051.097 million for the quarter ended June 30, 2008 where as the same was at Rs 518.215 million for the quarter ended June 30, 2007. Total Income is Rs 4655.861 million for the quarter ended June 30, 2008 where as the same was at Rs 1136.489 million for the quarter ended June 30, 2007.

The Consolidated Results are as follows

The consolidated results for the Quarter ended June 30, 2008
The Group has posted a net profit after tax and minority interest of Rs 1468.202 million for the quarter ended June 30, 2008 where as the same was at Rs 1531.720 million for the quarter ended June 30, 2007. Total Income is Rs 5646.112 million for the quarter ended June 30, 2008 where as the same was at Rs 4428.312 million for the quarter ended June 30, 2007.

Figures for the prior year / periods have been regrouped and / or reclassified wherever considered necessary, except for the effect of discontinued operations pursuant to the demerger of the securities broking and advisory services business (a part of Fee Income) to Indiabulls Securities Ltd and the merger of Indiabulls Credit Services Ltd with the company. Figures for the current quarter and previous year are post demerger/merger and figures for previous quarter are pre demerger/merger and are not comparable.

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