Indiabulls Financial Services today reported a 82.1% increase in net profit at Rs 173.2 crore for the second quarter ended September 30, 2007 when compared with Rs 95.1 crore in Q2FY07.Revenue for the quarter was Rs 495.3 crore - up nearly 83.2% from Rs 270.4 crore in the corresponding quarter last year.Fee-based income from loan processing, insurance distribution & advisory services moved up to Rs 77.1 crore or 8.2% of total revenue in the first half of the current financial year when compared with Rs 17.5 crore or 3.6% of total revenues in the first half of FY07.Total outstanding & serviced loans, as on September 30, 2007, stood at Rs 5,621.5 crore (secured: 60.8%; unsecured: 39.2%) as against a total outstanding & serviced loans of Rs 1,444.6 crore as on September 30, 2006.
