Indiabulls Financial Services' Q1 net profit jumps 7% to Rs 188 cr

Indiabulls Financial Service reported 7.1 percent rise in standalone net profit at Rs 188.1 crore for the first quarter ended 30 June, 2012. The company had posted a net profit of Rs 175.5 crore in the corresponding period last year, Indiabulls Financial Services said in a filing to the BSE.

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Total income of the financial services provider has increased to Rs 753.6 crore during the quarter from Rs 706.9 crore in the same period of the previous fiscal.

On consolidated basis, the company posted 20.7 rise in profit at Rs 265.1 crore for the quarter ended 30 June as compared to Rs 219.5 crore in the same period of the previous fiscal.

PTI