Indiabulls Financial Services today reported a surge of three-fold in its consolidated net profit to Rs 301.29 crore for the financial year ended March 2010.
The company, which provides consumer finance, housing finance, commercial loans, life insurance and asset management and advisory services, had a consolidated net profit (from ordinary activities after tax and minority interest) of Rs 99.44 crore during FY'09.
Indiabulls Financial Services has recommended a dividend of Rs 5 per equity share (of face value of Rs 2 each) for the financial year ended March 31, 2010, the company said in a filing to the Bombay Stock Exchange.
The consolidated total income of the firm, however, fell to Rs 1,625.65 crore during the latest fiscal from Rs 2,003.08 crore of the previous financial year.
Shares of Indiabulls Financial Services were quoted at Rs 130.95, higher by 1.91 per cent in the noon trade on the BSE.