Indiabulls Financial Services posted a consolidated net profit of Rs 135.7 crore at the end of the second quarter of FY09, up 21.4 per cent from Rs 111.8 crore in the second quarter of FY08.
The company has registered total revenues of Rs 641.5 crore in the second quarter of the current financial year, up 83 per cent from Rs 350.5 crore in the second quarter of FY08.
The total outstanding and serviced loans as on September 30, 2008 were Rs 11,006.5 crore, up 95.8 per cent from the loans in the same quarter of the last financial year. IBFSL made an aggregate provison of Rs 206.1 crore, representing 1.9 per cent of the loan portfolio. This is excluding Rs 42.5 crore of write-offs during the quarter.