Indiabulls Securities Q4 net profit at Rs 22.94 crore

MUMBAI: Indiabulls Securities net profit in the fourth quarter of 2012-13 more than doubled to Rs 22.94 crore.

The company's profit in the same period during 2011-12 was Rs 9.37 crore.

For the entire 2012-13 fiscal, the net profit was Rs 63.29 crore, as against loss of Rs 10.25 crore in 2011-12.

Total income of the company during January-March quarter was at Rs 43.43 crore, from Rs 45.09 crore a year ago.

For the fiscal, the income rose marginally to Rs 185.25 crore from Rs 184.21 crore.

Indiabulls Securities provides securities broking and advisory services. It also provides depository services, equity research services and IPO distribution.