May 15, 2012, 07.19 PM | Source: Moneycontrol.com
Brokerage firm India Infoline has reported a massive growth of 30.56% quarter-on-quarter in its consolidated net profit at Rs 47 crore for the fourth quarter of FY12.
Consolidated income from operations increased 32% to Rs 632 crore for the January-March quarter of 2012 as against Rs 479 crore in October-December quarter of 2011.
Chairman Nirmal Jain said equity brokerage business of the company grew 16% quarter-on-quarter. However, he sees first quarter of FY13 slightly weak.
Financing and investment income rose 36% to Rs 391 crore and distribution & marketing income went up 109% to Rs 93.5 crore year-on-year.
At 15:16 hours IST, the stock was quoting at Rs 51.05, up Rs 5.15, or 11.22%.
Even its trading volumes jumped 565% to 2,71,463 shares as compared to its 5-day average of 40,850 shares.
The company's net profit had stood at Rs 118.9 cro
IIFL Holdings at its meeting held on July 29, 2016
IIFL Holdings board meeting will be held on Friday
The proposed investment is by way of compulsorily
Reacting to the news Nirmal Jain, Chairman of IIFL