Indiabulls Q1 consolidated net up 87%

Indiabulls Financial Services Ltd today posted over 87% increase in consolidated profit after tax at Rs 76.62 crore for the quarter ended June 30, 2006 when compared with Rs 40.93 crore in Q1FY06.

Consolidated revenues rose over two-fold to Rs 220.56 crore for the first quarter in 2006-07 from Rs 98.63 crore in the year-ago period, the company informed the National Stock Exchange today.