Indiabulls Q2 net up 59%

Indiabulls Financial Services today posted a 58.7% increase in consolidated net profit at Rs 95.10 crore for the quarter ended September 30, 2006 as against Rs 59.93 crore in Q2FY06.

According to a release issued by the company to the BSE today, total income of the group increased 74.4% to Rs 270.37 crore from Rs 155.03 crore in Q2FY06.

For the half-year ended September 30, 2006, the group posted a 68.77% increase in profit after tax at Rs 171.71 crore from Rs 101.74 crore for H1FY06. The total income of the group grew 93.6% to Rs 491.09 crore from Rs 253.66 crore in H1FY06.