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With oil and gas major delivering a set of numbers that were in line with what the street was expecting, analysts discuss how much value the stock can create for a shareholder.
IIFL expects the company to post 13 percent profit expansion to Rs 2700 crore and revenue growth of 2.6 percent in dollar terms quarter-on-quarter.
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.
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.
Prabhudas Lilladher has come out with its earning estimates on financial services sector for the quarter ended March 2011. According to the research firm, India Infoline March quarter net sales are expected to go up by 20.3% at Rs 372.3 crore, year-on-year, (YoY) basis.