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India Infoline shines on reporting 106% rise in Q3 consolidated net profit

31 Jan 2013 Evaluate

India Infoline is currently trading at Rs. 85.45, up by 1.50 points or 1.79% from its previous closing of Rs. 83.95 on the BSE.

The scrip opened at Rs. 85.00 and has touched a high and low of Rs. 85.75 and Rs. 82.95 respectively. So far 34,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 93.35 and a 52 week low of Rs. 44.10.

The current market cap of the company is Rs. 2,590.00 crore.

The promoters holding in the company stood at 31.68% while Institutions and Non-Institutions held 44.70% and 23.63% respectively.

The company has reported 11.30% fall in its standalone net profit of Rs 8.24 crore for the third quarter ended December 31, 2012 as compared to Rs 9.29 crore for the same quarter in the previous year. Total income from operation of the company has decreased by 20.81% at Rs 117.99 crore for quarter under review as compared to Rs 149 crore for the quarter ended December 31, 2011.

On the consolidated basis the company has reported rise of 44.74% in its Income from operations to Rs 693.62 crore compared to Rs 479.23 crore in the quarter ended December 31,2011. While, the net profit of the company for the third quarter zoomed by 106.42% to Rs 75.14 crore as compared to Rs 36.40 crore in the same period last year.

India Infoline offers financial services ranging from equities, derivatives, commodities, wealth management, asset management, insurance, fixed deposits, loans, investment banking, GoI bonds and other small savings instruments.

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