Indiabulls Financial Q1 net profit at Rs 105.10 cr

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New Delhi, Jul 25 (UNI) Country's leading brokerage firm, Indiabulls Financial Services today said its net profit has surged to Rs 105.10 crore for the quarter ended June 30, 2008 where as the same was at Rs 51.82 crore in the same period previous year.

Figures for the prior periods were reclassified wherever considered necessary, pursuant to the demerger of the securities broking and advisory services business to Indiabulls Securities and the merger of Indiabulls Credit Services with the company.

Due to the restructuring of the company, figures for the June quarter and corresponding quarter of the previous year are not comparable, the company added.

Total income of the company in the first quarter on FY'09 stood at Rs 465.58 crore, while the same stood at Rs 113.64 crore last year.

UNI PDT AK RAI1331

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