Indiabulls Financial Services posted over three-fold increase in its net profit in the quarter ending December 31, 2010. Indiabulls recorded a net profit of Rs 202.54 crore in the third quarter of FY11 as compared to Rs 63.99 crore in the third quarter of FY10, the company said in a statement to the exchanges.
Indiabulls net sales went up 81 per cent to Rs 596.20 crore in third quarter of FY11 as compared to Rs 330.13 crore in the same quarter of FY10.
Indiabulls stock was trading at Rs 171.20, over three per cent higher than Thursday's close.