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Our Bureau

Mumbai, Oct. 17 India Infoline announced a 12 per cent increase in its consolidated net profit for the quarter ended September 30, 2008.

The company’s net profit rose to Rs 40.2 crore from Rs 36 crore in the corresponding year-ago quarter.

The net income of the company increased 42 per cent to Rs 276.6 crore from Rs 195.2 crore.

The company’s standalone net profit fell 29 per cent to Rs 32.2 crore from Rs 45.5 crore. The total income increased to Rs 163.9 crore from Rs 130.9 crore.

India Infoline’s share price closed 16.85 per cent lower at Rs 53.05 on Friday on the Bombay Stock Exchange.

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