Company Profile For Indiabulls Financial Services Ltd

Overview

Indiabulls Financial Services Limited (IBFSL) is a financial services and real estate company having over 640 branches all over India. The Company serves the financial needs of more than 4,50,000 customers with its range of financial services and products from securities, derivatives trading, depositary services, research and advisory services, consumer secured and unsecured credit, loan against shares and mortgage and housing finance. The Company is primarily engaged in the business of providing financial services to customers in the form of small and medium-sized enterprise (SME) finance, mortgage loans, commercial vehicle loans, farm equipment loans, commercial credit loans, loan against shares and third party distribution of insurance products. IBFSL does its customer financing business through its network of over 200 branches across 100 locations.

Quick Financial Synopsis

BRIEF: For the three months ended 30 June 2009, Indiabulls Financial Services Limited's revenue decreased 30% to RS3.95B. Net income applicable to common decreased 53% to RS673.3M. Revenues reflect a decrease in income from Investing & Financial related activities segment and a lower earnings from Fee Income segment. Net income also reflects an increase in depreciation expense and lower gross margin.