Indiabulls Financial Services on Thursday announced a net profit of Rs 188.67 crore for the fourth quarter of the financial year ending March 31, where as it was Rs 143.16 crore for the corresponding period in 2007.
The total income of the group stood at Rs 581.84 crore for the quarter under review, while it was Rs 418.59 crore in the year-ago period, the company said in a filing to the Bombay Stock Exchange.
The board of directors at a meeting has proved the allotment of a dividend of Rs 8.50 on shares of face value Rs two each for the financial year ended March 31.
For the year ended March 31, the group posted a consolidated net profit of Rs 574.39 crore, against Rs 393.9 crore in the fiscal year ending March 31, 2007.
The total income of the group rose to Rs 1,688.77 crore for the financial year ending March 31 from Rs 1,244.41 crore in the year-ago period, the filing said.
Last year, the financial services firm had restructured its business and merged Indiabulls Credit Services (ICSL) and demerged Indiabulls Securities (ISL). Hence, the figures of the quarter and year are not comparable with those of the previous period, the filing added.
Indiabulls has also announced a standalone net profit of Rs 119.88 crore for the fourth quarter ended March 31, against Rs 68.49 crore in the same period last year.
The total income of the company stood at Rs 463.73 crore for the quarter from Rs 145.03 crore in the year-ago period.
For the year ended March 31, the company announced a standalone net profit of Rs 381.97 crore, against Rs 153.1 crore in the fiscal year ending March 31, 2007.
The total income rose to Rs 1,327.85 crore for fiscal 2007-08 from Rs 353.74 crore in FY 2006-07.