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Our Bureau

Mumbai, Oct. 21 Indiabulls Financial Services has reported a standalone net profit of Rs 44.8 crore for the second quarter of the fiscal, against Rs 117 crore a year ago.

Total income for the period amounted to Rs 475 crore (Rs 263 crore).

The results are not comparable as the figures for the quarter currently ended are post the demerger from the company of Indiabulls Securities and the merger of Indiabulls Credit Services, said the company.

Indiabulls Financial Services’ consolidated net profit for the second quarter amounted to Rs 133.5 crore, against Rs 185.40 crore. Total income amounted to Rs 641.5 crore, against Rs 495.3 crore

Indiabulls Securities was demerged in January of this year and the shares of the company were listed on the bourses in April. The merger of Indiabulls Credit Services and Indiabulls Financial Services took place in December 2007.

The firm’s consolidated income from investing and finance related activities amounted to Rs 70.7 crore (Rs 157.80 crore) and its fee income amounted to Rs 3.05 crore (Rs 11.10 crore).

The company has total loan assets under management of Rs 11,006.5 crore. The basic EPS of the company was Rs 5.09.

The company declared a final dividend of Rs 8.50 a share, which is 425 per cent on the face value of Rs 2 a share.

Its share price was up 8.74 per cent on the BSE on Tuesday at Rs 107.05.

Indiabulls Securities posted a standalone net profit of Rs 37.6 crore, against Rs 56.5 crore in the corresponding year ago quarter. Its total income was Rs 119.1 crore (Rs 137.5 crore)

The company declared a dividend of Rs 7.50 a share, which is 375 per cent on the face value of Rs 2 a share.

Its basic EPS for the quarter was Rs 1.48.

The share price of Indiabulls Securities closed higher by 8.75 per cent at Rs 25.6 on the BSE on Tuesday.

More Stories on : Financial Performance | Financial Services

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