Indiabulls Securities Q3 net dips 78 pc at Rs 21 cr

Indiabulls Securities today reported a 77.51 per cent dip in net profit at Rs 20.77 crore for the third quarter ended December 31, 2008.

The firm had a net profit of Rs 92.34 crore in the December quarter of the financial year 2008-09, Indiabulls Securities said in a filing to the BSE.

The total income dropped 60.54 per cent to Rs 86.73 crore for the quarter under review, from Rs 219.78 crore in the corresponding period last fiscal.

The comapany's board would meet on February 2 to consider buying back of equity shares, it added.