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This is an archive article published on April 26, 2011

Indiabulls profit drops 44% in FY 2011

The company had a profit of Rs 67.47 crore in the previous fiscal.

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Brokerage firm Indiabulls Securities on Monday said its consolidated net profit declined 43.85 per cent to Rs 37.88 crore for the year ended March 31,2011.

The company had a profit of Rs 67.47 crore in the previous fiscal.

The total operating income increased to Rs 361.02 crore in the year under review from Rs 352.24 crore in 2009-10,Indiabulls Securities said in a filing with the Bombay Stock Exchange.

For the year ended March 31,2011,the company’s standalone net profit dropped to Rs 37.37 crore from Rs 61.21 crore in the last fiscal.

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