Indiabulls Financial Services disclosed a phenomenon drop in standalone net
profit for the quarter ended December 2008. During the quarter, the profit
of the company declined 65.49% to Rs 362.92 million from Rs 1,051.50 million
in the same quarter last year.

Net sales for the quarter rose 39.23% to Rs 4,549.04 million, while total
income for the quarter rose 39.60% to Rs 4,561.44 million, when compared
with the prior year period.

The company posted earnings of Rs 1.25 a share during the quarter,
registering 65.66% decline over previous year period.


  *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07*
*%Change* *Net Sales* 4,549.04 3,267.40 39.23 *Net Profit* 362.92 1,051.50
(65.49) *Basic EPS* 1.25 3.64 (65.66)

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