India Infoline Q4 net profit up 30.56% QoQ to Rs 47 cr

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.

Source: www.moneycontrol.com

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd