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MUMBAI: IL&FS Investsmart Ltd (IIL), on Thursday, reported a profit after tax of Rs 19.31 crore for the quarter ended December 31, 2005, an increase of 116 per cent from the corresponding quarter last year.

Total income rose by 64 per cent in the third quarter to touch Rs 47.86 crore, the company said in a release here.

For the nine-month period ended December 31, the income rose 81 per cent to Rs 127.91 crore (Rs 70.54 crore).The earnings per share stood at Rs 11.32 for the period (Rs 5.59) an increase of 102 per cent.

During the third quarter, the company said it signed an agreement to pick up a 26 per cent equity stake in ESOP Direct..

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