Business Daily from THE HINDU group of publications
Tuesday, Apr 29, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Tuesday, Apr 29, 2008 ePaper | Mobile/PDA Version | Audio |
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Markets
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Financial Performance Corporate Results - Financial Services
Our Bureau Mumbai, April 28 Indiabulls Securities Ltd said its net profit for the fourth quarter ended March 31, 2008 has increased by 40.78 per cent. Net profit for the quarter amounted to Rs 53.44 crore against Rs 37.96 crore in the corresponding year ago quarter. Total revenues of the company increased to Rs 160.28 crore (Rs 108.74 crore), a rise of 47 per cent.For the year ended March 31, 2008, the company’s net profit rose 83.25 per cent to Rs 251.77 crore (Rs 137.39 crore). Total income for the year increased to Rs 620.72 crore(Rs 422.83 crore). In a statement, the company said its net profit growth was driven by robust revenue growth and improved operational efficiency. The board of directors has recommended a dividend of Rs 7.50 per equity share (which is 375 per cent on the face value of Rs 2 per equity share). The share price of the company closed 6.70 per cent up from its previous close at Rs 124.15, on the BSE. INDIA INFOLINE
India Infoline Ltd’s net profit for the quarter ended March 31, 2008 jumped 102 per cent to Rs 32.37 crore, from Rs 16 crore the previous quarter. Its total income increased to Rs 222.4 crore (Rs 220.3 crore). For the year ended March 31, 2008, the net profit jumped 146.8 per cent to Rs 128.6 crore (Rs 52.12 crore). The total income increased to Rs 672.4 crore (Rs 286.7 crore). The board of directors has recommended a final dividend of Rs 6 per equity shares of Rs 10 each for the year. The company has also announced the sub-division of its equity shares of Rs 10 each into five equity shares of Rs 2 each. The share price of India Infoline closed at Rs 989.65, up 0.20 per cent from its previous close on the BSE. It touched an intra-day high of Rs 1,063.15. More Stories on : Financial Performance | Financial Services
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