India Infoline qtrly net profits up 127% yoy
Results (consolidated) for the quarter ended June 30, 2008
Income for the quarter at Rs.2.7bn, up 102% yoy
Net profit* for the quarter at Rs 495mn, up 127% yoy
EBIDTA margins in Q1FY09 at 37.1% as compared to 33.5% in Q1FY08
Mr Nirmal Jain, Chairman, India Infoline, said ‘Despite turbulent conditions in stock markets in the quarter, we have been able to maintain a robust growth. While our business still has a significant dependence on the Indian capital markets, our efforts to de-risk the business model, are already showing results. We look forward to further diversity in revenue streams as contribution from our newly commenced businesses of wealth management and consumer finance rises. Our strategy is to build multiple business lines with unwavering focus on financial services space, which is our core competency.”
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