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Our Bureau

Mumbai, Oct. 17

India Infoline Ltd has reported a net profit of Rs 9.89 crore for Q2 September 2006 as against Rs 6.57 crore in the corresponding quarter previous year, up 50.53 per cent. The company's total income has risen by 63.6 per cent at Rs 18.47 crore (Rs 11.29 crore). During the quarter, the company added 168 branches. In addition, there are 142 branches in the pipeline, which will become functional in the current quarter.

"We have doubled our network as well as manpower strength built over six years in a short span of six months. This has entailed an increased outlay in terms of manpower and establishment costs in the current quarter, impacting our margins. The full benefits of this investment will be realised over the next 12-18 months." said Mr Nirmal Jain, Chairman and Managing Director, India Infoline Ltd. The consolidated net profit of the company for the quarter ended September 2006 has increased 11 per cent at Rs 13.96 crore (Rs 12.56 crore). Consolidated revenues stood at Rs 79.5 crore (Rs 49.98 crore), a rise of 59 per cent.

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India Infoline Q2 net up 50 pc

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