Indiabulls Financial Services has reported its June quarter financial results for the fiscal year 2010-11. According to the report, its Profit After Tax has gone up to a significant 80% rise in the June quarter.

Indiabulls Financial Services has informed that it has posted a Profit After Tax of Rs 133.58 crore for the quarter that ended in 30th June, 2010 which was reported to be Rs 74.07 crore in the similar quarter in the previous year. In a recent filing at the Bombay Stock Exchange, Indiabulls Financial Services has reported this fact.

According to the company officials, higher loan disbursals are the main reason behind such striking performance.

The total revenue of the company has climbed up Rs 471.09 crore during the quarter under review. It was Rs 395.99 crore for the like period in the preceding year.

Apart from that, fresh disbursements for the April-June quarter were found to be Rs 3,188 crore against Rs 943 crore for a year ago period in the same quarter.