Indiabulls net up at Rs 31 cr

BS 200 Scorecard

Indiabulls Financial Services posted an increase of 59.19 per cent in net profit at Rs 30.63 crore for the quarter ended September 30 against Rs 19.24 crore for the same quarter last year.

Total income of the company increased 27.56 per cent to Rs 69.56 crore for the quarter ended, from Rs 54.53 crore for the corresponding quarter a year ago.

The board has declared a dividend of 5 per cent on 99.66 lakh cumulative, redeemable, non-convertible preference shares of face value of Rs 300 each, and 115 lakh cumulative, redeemable, convertible preference shares.

Total amount to be paid as dividend aggregates to Rs 529.31 lakh payable pro rata for the period from August 2 to September 30 this year. The group posted an increase of 58.7 per cent at Rs 95.10 crore for the quarter ended September 30 against Rs 59.93 crore for the same period last year.