Total income of the company has however increased 27.5 per cent from Rs 442.83 crore posted in the first quarter of previous financial year to Rs 564.61 crore posted in the quarter ended June 2008.
Earlier this month, the company was directed by the Forward Markets Commission, the regulator for commodity futures trading, to reduce its stake in the International Commodity Exchange, the fourth national multi-commodity exchange, within a month.
Indiabulls is a major player in the financial services sector and offers products and services in securities, consumer finance, mortgage and real estate.