Indiabulls Fin Services Q3 net dips 58 pcthttps://indianexpress.com/article/news-archive/web/indiabulls-fin-services-q3-net-dips-58-pct/

Indiabulls Fin Services Q3 net dips 58 pct

Indiabulls Financial Services said that its consolidated net profit for the third quarter ended Dec 31 declined nearly 58% at Rs 68.06 crore.

Indiabulls Financial Services said on Friday that its consolidated net profit for the third quarter ended December 31 declined nearly 58 per cent at Rs 68.06 crore over the corresponding period a year ago.

The domestic financial services firm had a consolidated net profit of Rs 161.96 crore in the third quarter last financial year,Indiabulls Financial Services said in a filing to the Bombay Stock Exchange.

Income from operations rose to Rs 433.61 crore in the quarter under review from Rs 202.44 crore of last fiscal. While,for the nine-month period ended December 31,2008,Indiabulls registered a consolidated net profit of Rs 348.46 crore,a 9.6 per cent growth over the corresponding period a year ago.

It had a consolidated net profit of Rs 385.72 crore in the same period last year. On a standalone basis,Indiabulls Financial Services posted a net profit of Rs 36.29 crore in the third quarter of current fiscal,a 65.48 per cent growth compared to Rs 105.14 crore a year ago. Shares of Indiabulls Financial Services today ended the day at Rs 91.55 crore,up 3.50 per cent on the BSE.