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This is an archive article published on October 22, 2012

Indiabulls Financial Services Q2 net profit up 31%

The company's net profit during July-September a year ago stood at Rs 231.36 crore,it said in a filing to BSE.

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Indiabulls Financial Services today said its net profit grew by 31 per cent to Rs 303.59 crore in second quarter ended September 30,2012.

The company’s net profit during July-September a year ago stood at Rs 231.36 crore,it said in a filing to BSE.

Its total income for the quarter ended September 30,2012 stood at Rs 1,172.82 crore,up from Rs 896.17 crore in the corresponding period in 2011-12 fiscal.

Indiabulls Financial Services is a non-banking financial company (NBFC). It provides lending and other financial products including home loans,loans against property,commercial vehicle loans,and commercial credit to corporates.

Shares of the company settled at Rs 237.90 apiece on the BSE today,up 3.61 per cent from their previous close.

 

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