Indiabulls Financial announces Q4 & FY 08 results
Indiabulls Financial Services Ltd has announced the following results for the quarter & year ended March 31, 2008:
The Unaudited results for the Quarter ended March 31, 2008
The Company has posted a net profit of Rs 1198.80 million for the quarter ended March 31, 2008 where as the same was at Rs 684.90 million for the quarter ended March 31, 2007. Total Income is Rs 4637.30 million for the quarter ended March 31, 2008 where as the same was at Rs 1450.30 million for the quarter ended March 31, 2007.
The Audited results for the Year ended March 31, 2008
The Company has posted a net profit of Rs 3819.70 million for the year ended March 31, 2008 where as the same was at Rs 1531.00 million for the year ended March 31, 2007. Total Income is Rs 13278.50 million for the year ended March 31, 2008 where as the same was at Rs 3537.40 million for the year ended March 31, 2007.
The Consolidated results are as follows:
The Unaudited consolidated results for the Quarter ended March 31, 2008
The Group has posted a net profit from Ordinary Activities after Tax and Minority Interest of Rs 1886.70 million for the quarter ended March 31, 2008 where as the same was at Rs 1431.60 million for the quarter ended March 31, 2007. Total Income is Rs 5818.40 million for the quarter ended March 31, 2008 where as the same was at Rs 4185.90 million for the quarter ended March 31, 2007.
The Audited consolidated results for the Year ended March 31, 2008
The Group has posted a net profit from Ordinary Activities after Tax and Minority Interest of Rs 5743.90 million for the year ended March 31, 2008 where as the same was at Rs 3939.00 million for the year ended March 31, 2007. Total Income is Rs 16887.70 million for the year ended March 31, 2008 where as the same was at Rs 12444.10 million for the year ended March 31, 2007.
he Scheme of Arrangement (”the Scheme”) providing for amalgamation of Indiabulls Credit Services Ltd (?ICSL?) with the Company and the demerger of the securities broking and advisory business of the Company as a going concern, to Indiabulls Securities Ltd (?ISL?) and their respective shareholders and creditors under sections 391 - 394 of the Companies Act, 1956, had been sanctioned by the Hon?ble High Court of Judicature at Delhi on November 23, 2007. Upon coming into effect of the Scheme on December 24, 2007 and with effect from the Appointed Date on April 1, 2007, ICSL stands amalgamated with the Company and the securities broking and advisory business of the Company stands demerged from IBFSL and transferred to and vested in ISL on a going concern basis. Consequent upon the Scheme being given effect to by the Company, the earnings per share and the figures in respect of the current quarter and year to date are not comparable with those of previous periods.
Tags: Indiabulls Financial