Indiabulls Financial Services today reported a 80 per cent jump in profit after tax (PAT) at Rs 133.58 crore for the three months ended June 30, boosted by higher loan disbursals. In the year-ago period, the firm had a PAT of Rs 74.07 crore, it said in a statement today.
The company said the good result is due to sustained momentum in loan disbursals and “declining cost-income ratio achieved through falling costs of borrowing of funds for disbursement”. Total revenues in the first quarter climbed to Rs 471.09 crore from Rs 395.99 crore in the same period a year ago. “Fresh disbursements for the quarter were up 238 per cent at Rs 3,188 crore from Rs 943 crore in the first quarter of FY10,” it noted.
