Mumbai (PTI): Domestic brokerage major Indiabulls Financial Services on Friday announced consolidated net profit of Rs 146.82 crore for the first quarter ended June 30, where as the same stood at Rs 153.17 crore in the corresponding quarter a year-ago.

The consolidated total income of the company was at Rs 564.61 crore in the first quarter of this fiscal, while the same was at Rs 442.83 crore in the year-ago period, Indiabulls Financial Services said in a filing to the Bombay Stock Exchange.

Figures for the prior periods were reclassified wherever considered necessary, pursuant to the demerger of the securities broking and advisory services business to Indiabulls Securities and the merger of Indiabulls Credit Services with the company.

Due to the restructuring of the company, figures for the June quarter and corresponding quarter of the previous year are not comparable, the company added.

On a standalone basis, Indiabulls Financial Services posted a net profit of Rs 105.10 crore in the quarter ended June 30, and the same was at Rs 51.82 crore a year-ago.

Total income of the company in the first quarter on FY'09 stood at Rs 465.58 crore, while the same stood at Rs 113.64 crore last year.

The board also approved a dividend of Rs 8.50 on shares of Rs 2 each (425 per cent) for FY'08.