Indiabulls Financial announces Q2 results

Indiabulls Financial Services Ltd has announced the following Unaudited results for the quarter ended September 30, 2009:

The Company has posted a net profit of Rs 623.426 million for the quarter ended September 30, 2009 as compared to Rs 448.236 million for the quarter ended September 30, 2008. Total Income has decreased from Rs 4753.488 million for the quarter ended September 30, 2008 to Rs 3430.540 million for the quarter ended September 30, 2009.

The Consolidated Results are as follows

The Group has posted a net profit after tax & minority interest of Rs 711.263 million for the quarter ended September 30, 2009 as compared to Rs 1335.810 million for the quarter ended September 30, 2008. Total Income has decreased from Rs 6415.281 million for the quarter ended September 30, 2008 to Rs 3954.442 million for the quarter ended September 30, 2009.