India Infoline commodity volume 26% up

A: Trading volumes have recovered. In fact, July-September quarter was a bad one in terms of trading volumes. The markets recovered and market volume went up by 25% QoQ. Our market share continues to increase and volumes grew by 38% on a QoQ basis.

A: Equity brokerage contributed 53% of the revenue. Equity brokerage and financing together contributed 63% to the overall topline vis-à-vis 68% in the quarter before. Other businesses such as life insurance and commodities grew at a faster pace and all the businesses had a robust growth in this quarter.

Overall revenue growth on a YoY basis was 112%. So it s more than doubled if one compares with the previous year’s quarter. There has been 40% QoQ growth in revenue if one compares Q3 of this financial year vis-à-vis Q2.

A: The financing side had contributed around Rs 11 crore in terms of revenue in this quarter and this trend will persist as we have a non-banking financial company, which has been adequately capitalized. So, financing and investing will continue to contribute similar percentage in the coming quarters.

A: We had done about three deals and they have been of different sizes. In fact, we will need some clearance from the clients to make public announcement about the same. There are three deals of private equity that were closed in the previous quarter.

A: Commodity volumes also grew. In fact the daily turnover grew by almost about 26% in this quarter and this business is witnessing a steady growth. We are able to activate more branches and by activation I mean we are able to train people in the branches and set up terminals. We are seeing retail customers coming in this business too.

A: At the previous quarter-end we had about 150 branches in the pipeline. More or less all the branches have commissioned and started contributing to the revenue. So at this point, we have a network of 560 branches all across the country.

The 2007 earnings guidance that we have given is around Rs 400-420 crore of topline and Rs 75-80 crore of net profit.