Monday, July 11, 2005

Indiabulls net up 639% in Q1

Indiabulls, the famous financial services brand in India has posted 639 per cent jump in net profit after registering a 326 per cent growth in total revenues in q1. Indiabulls has recorded net profit, during the first quarter of the current year at Rs 40.93 crore from Rs 5.54 crore in the corresponding period of the last year. Total revenues grew to Rs 98.63 crore from Rs 23.13 crore. Profit recorded by the brand before tax increased by 600 per cent to Rs 62.11 crore from Rs 8.87 crore. Indiabulls continues its strong growth momentum as the brand capitalise on the rapid growth of financial markets in India. Their national network and large capital base have positioned the brand at the heart of growth in the non-banking financial services market