In an interview to CNBC-TV18, R Venkataraman, Managing Director, India Infoline elaborates on the reasons why the company reported a dip in PAT from the previous quarter.
In an interview to CNBC-TV18, Nirmal Jain, chairman, India Infoline said overall the growth has been healthy across all segments. Year-on-year basis net profit had doubled and income too was up.
IIFL Chairman Nirmal Jain says that Carlyle will be invited onto the Board, subject to necessary approvals.
Reporting a 2.4% slip in the consolidated income in the first quarter of FY12, financial service provider IIFL says the brokerage industry is facing harsh times, however, believes the long term potential of the business is still going strong.
Speaking to CNBC-TV18, executive director R Venkataraman said the company registered significant growth in financing income. "Higher interest costs have impacted net income margins this time around," he said.