Indiabulls Financial Services Ltd., one of India's leading financial services and real estate companies, reported more than three-fold increase in its third-quarter net profit, both on consolidated and stand-alone basis, mainly due to improved cost-income ratio and steady loan book growth.
Consolidated Results
The New Delhi-based company's third-quarter consolidated net profit, after minority interest, rose more than threefold to Rs.202.54 crore or Rs.6.46 per share, from the Rs.64 crore or Rs.2.04 per share in the corresponding quarter last year.
The company said the results for the quarter included a one-time gain of Rs.21.35 crore from a 26 percent stake sale in Indian Commodity Exchange.
Quarterly revenue from operations grew by 60 percent to Rs.596.21 crore from the Rs.371.57 crore in the year-ago quarter, while other operating income was Rs.80.32 crore, compared with Rs.41.19 crore for the same period last year.
During the quarter, revenue from 'Investing & Financial related activities' increased by 62 percent to Rs.645.17 crore from the Rs.399.33 crore in the corresponding quarter last year, while revenue from 'Fee Income' rose more than twofold to Rs.31.34 crore from the Rs.13.37 crore in the previous year quarter. Revenue from others for the quarter was Rs.0.02 crore, compared with Rs.0.06 crore in the preceding year quarter.
For the quarter, net NPAs dropped to 0.53 percent from 0.63 percent in Q2FY11. The company said Net NPA levels reduced continuously for five quarter, as low-risk portfolio increase the asset base, thereby reducing the Net NPAs due to very low incremental delinquencies.
During the current quarter, the company has sold 26 percent of its stake in Indian Commodity Exchange Ltd. to Reliance Exchangnext Ltd. As a result thereof, the stake of the company in Indian Commodity Exchange was reduced to 14 percent.
For the nine months, Indiabulls consolidated net profit, after minority interest, fell marginally to Rs.506.72 crore from the Rs.507.02 crore in the corresponding period last year. Total revenue, including other operating income, grew by 42 percent to Rs.1,710.31 crore from the Rs.1,201.70 crore for the comparable period a year-ago.
Stand-alone Results
For the quarter, the company's stand-alone net profit more than trebled to Rs.173.98 crore or Rs.5.55 per share from the Rs.57.12 crore or Re.1.82 per share in the year-ago quarter. Total revenue, including other operating income grew by 55 percent to Rs.568.76 crore from the Rs.365.91 crore for the same period last year.
For the nine-month period, the company posted a standalone net profit of Rs.449.89 crore, declined by 4 percent from the Rs.180.64 crore in the corresponding period last year. Total revenue, including other operating income, rose by 37 percent to Rs.1,459.61 crore from the Rs.1,052.49 crore for the comparable period in the previous year.
At the BSE, Indiabulls shares are now trading at Rs.172.20, up by Rs.6.75 or 4.08 percent on a volume of around 814,000 shares.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.