IL&FS Investment Managers Ltd Q1 net profit at Rs.5.86 Crores

IL&FS Investment Managers Ltd has announced the Un-Audited financial results for the quarter ended June 30, 2007.

The Company has posted a profit after tax of Rs.58.69 million for the quarter ended June 30, 2007 as compared to Rs.35.55 million for the quarter ended June 30, 2006. Total Income has increased from Rs.104.85 million for the quarter ended June 30, 2006 to Rs.170.68 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.2.28 in Q1 2007-2008 compared to Rs.1.49 during Q1 2006-2007.

The Company has invested Rs 1.035 million during the quarter as part of its asset management business in its subsidiary viz., IL&FS Singapore Asset Management Company Pte Ltd.

Infrastructure Leasing & Financial Services Ltd (IL&FS) acquired additional shares of the Company on July 06, 2007 as a result of which the Company is now a subsidiary of IL&FS.

The stock closed the day at Rs.180.95, down by Rs.4.70 or 2.53%. The total traded quantity was 11412 compared to 2 week average of 336324. The stock hit an intraday high of Rs.186 and low of Rs.180.

Source : Equity Bulls

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