Indiabulls Financial Services Q2 net up 31%

Written by Press Trust of India | Mumbai | Updated: Oct 23 2012, 09:23am hrs
Indiabulls Financial Services on Monday said its net profit grew by 31% to R303.59 crore in second quarter ended September 30, 2012.

The company's net profit during July-September a year ago stood at R231.36 crore, it said in a filing to BSE.

Its total income for the quarter ended September 30, 2012 stood at R1,172.82 crore, up from R896.17 crore in the corresponding period in financial year 2011-12.

Indiabulls Financial Services is a non-banking financial company (NBFC). It provides lending and other financial products including home loans, loans against property, commercial vehicle loans, and commercial credit to corporates.