Indiabulls Financials Q4 net surges 95%

Indiabulls Financials Services, on a consolidated basis, today reported a 95.4% surge in net profit at Rs 157.02 crore for the fourth quarter ended March 31, 2007 when compared with Rs 80.37 crore in the corresponding quarter a year ago.

The company's Q4FY07 total income soared 114% to Rs 418.59 crore from Rs 195.48 crore in Q4FY06.

For the full-year ended March 31, 2007, Indiabulls' net profit increased 75% to Rs 443.40 crore from Rs 253.36 crore in FY06. Total income grew 103% to Rs 1,244.41 crore from Rs 613.15 crore.

On a standalone basis, Indiabulls reported a 209.6% increase in net profit at Rs 68.49 crore for the fourth quarter ended March 31, 2007 when compared with Rs 22.12 crore in the corresponding quarter a year ago.

The company's Q4FY07 total income surged 103.2% to Rs 145.03 crore from Rs 71.37 crore in Q4FY06.

For the full-year ended March 31, 2007, the net profit increased 106.2% to Rs 153.10 crore from Rs 74.26 crore in FY06. Total income grew 67.2% to Rs 353.74 crore from Rs 211.58 crore.