Indiabulls net up 193%

BS 200 scorecard

Total revenues rose by 134 per cent to Rs 168.4 crore in 2005 compared to Rs 71.9 crore last year. For the fourth quarter ended March 2005, net profit grew 290 per cent at Rs 23.9 crore against Rs 6.1 crore in the same quarter last year. Total revenues rose 188 per cent to Rs 70 crore (Rs 24.3 crore).

"The results of the company are a testimony to the excellent execution and the large opportunity present in the Indian retail finance market. Our high operating efficiencies, strong technology backbone and operational excellence have propelled us to record revenues, profits and margins," Indiabulls chairman and CEO Sameer Gehlaut said.