Brokerage firm Indiabulls Securities on Monday said its consolidated net profit declined 43.85 per cent to Rs 37.88 crore for the year ended March 31.
The company had a profit of Rs 67.47 crore in the previous financial year.
The total operating income increased to Rs 361.02 crore in the year under review from Rs 352.24 crore in 2009-10,
Indiabulls Securities said in a filing with the Bombay Stock Exchange.
For the year ended March 31, the company's standalone net profit dropped to Rs 37.37 crore from Rs 61.21 crore in the last financial year.
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