Indiabulls Financial Services has posted a net profit of Rs 188 crore for the first quarter ended June 30, 2012 compared with Rs 176 crore logged in the same period last year.
Total income rose from Rs 707 crore to Rs 754 crore.
At 11.45 am, the company’s scrip was trading 2.4 per cent lower at Rs 243.75 on the BSE.