The Hindu Business Line : Indiabulls Q4 net at Rs 80 cr

Indiabulls Financial Services Ltd on Monday said its net profit for the fourth quarter ended March 31, 2006 increased to Rs 80.38 crore, compared to Rs 23.03 crore in the same period last year.

The income for the same period rose by 179 per cent to Rs 195.5 crore, from Rs 70.06 crroe, a company release said here.

Earnings per share increased to Rs 4.63 from Rs 2.20 for the corresponding quarter in the previous year.

For the full year ended March 31, 2006, the net profit stood at Rs 253.36 crore, a growth of 347 per cent over Rs 55.71 crore last year.

"Our results during fiscal year 2006 demonstrate the strong business momentum and multi-faceted growth opportunities that Indiabulls group has focused on. We look forward to similar performance in fiscal 2007 as we continue to invest in growing our business franchisee," said Mr Sameer Gehlaut, Chairman and CEO of Indiabulls.

Indiabulls, a predominantly stock broking firm, has recently entered the real-estate business in a major way through its subsidiary companies.

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