IIFL
CORPORATE/RESULTS
IIFL Consolidated Profit after Tax* at `67 cr for Q2FY13
Up 27% qoq, up 199% yoy
Results (consolidated) for the quarter ended September 30, 2012
Ö Income for the quarter at `653 cr, up 12% qoq, up 59% yoy
Ö Profit before
Tax at `96 cr,
up 17% qoq, up 172% yoy
Ö Profit after Tax* at `67 cr, up 27% qoq, up 199% yoy
Summary consolidated
financials
|
(` Mn)
`
Crores
|
Quarter ended Sep
30, 2012
|
Quarter ended
June 30, 2012
|
Quarter ended Sep
30, 2011
|
%
Quarter-on-Quarter |
%
Year-on- Year
|
|
Income
|
653.2
|
582.6
|
410.9
|
12%
|
59%
|
|
EBIDTA
|
312.5
|
292.0
|
161.1
|
7%
|
94%
|
|
Profit Before Tax
|
95.8
|
82.1
|
352.8
|
17%
|
172%
|
|
Profit After Tax*
|
67.2
|
52.2
|
22.5
|
27%
|
199%
|
|
Equities and Commodities Broking
Equities, broking and related revenue was `134 cr in Q2FY13, up 7% qoq, down 4% yoy. Our average daily turnover of equity during the period was `4,355 cr, down 4% qoq and down 17% yoy. Average daily volumes in our commodities business stood at `2,254 cr during the quarter, up 51% on a qoq basis and up 27% yoy. Average daily volume for the currency business was `722 cr for Q2FY13
Our in-depth, thematic research continues to get positive response from domestic as well as global fund managers. Our recent research reports include Indian Cement Sector, covering mid-cap cement companies in detail; India – Economics: detailed report on India’s worsening external balance; Jubliant Foodworks: a company report etc.
Financing and
Investment
The NBFC subsidiary’s loan portfolio increased to `7,849 cr as on
September 30, 2012. Our loan book is entirely secured. In Q2FY13, portfolio
comprised secured lending like mortgages, capital market products, gold loans
and medical equipment financing. Gold and Mortgage/LAP loans forms 37% and 35%
respectively of financial assets of our NBFC company as at end of September 2012
quarter. We continue to maintain high quality of assets as evident in Gross NPA
on our overall portfolio at 0.6% and Net NPA is 0.3%. Capital adequacy at the
quarter end was a robust 21%.
Distribution and
Marketing
During the period under review, our income from this segment
was `59 cr, up
24% qoq, up 41% yoy. In this segment, distribution of life insurance, mutual
fund and portfolio advisory are major contributors to income.
Investment
Banking
IIFL was sole financial advisor to Cox & Kings for $138
mn investment by Citi Venture Capital International (CVCI) in its UK subsidiary.
In view of improved market sentiments, outlook for Equity Capital Markets (ECM)
and M&A is expected to improve.
Issue of Unsecured Redeemable
NCDs `500 cr
The NBFC subsidiary of IIFL, India Infoline Finance Limited,
successfully completed its bond issue of Un-Secured Redeemable Non-Convertible
Debentures, considered as Tier II capital. The NCDs were rated ‘[ICRA]AA-
(stable)’ by ICRA and ‘CRISIL AA-/Stable’ by CRISIL. The issue received an
overwhelming response and got subscribed over 2.36 times the base issue of `250 cr. All
categories were oversubscribed and over 25,000 applications received from all
over the country. The company exercised its green-shoe option to retain
over-subscription upto `250 cr, thus raising
an aggregate of `500 cr.
Awards and
Accolades
IIFL won the ‘Best Broker with Global Presence’ award at the
BSE IPF – D&B Equity Broking Awards 2012.
The wealth subsidiary of India Infoline Ltd, IIFL Wealth
Private Ltd, was awarded the ‘Best Wealth Management House – India’ at the The
Asset Triple A Investment Awards, 2012. The Asset Triple A Awards are Asia’s
defining recognition for excellence in the industry. This is the second
consecutive year that IIFL has won both these awards.
About IIFL
IIFL (India Infoline group), comprising the holding company,
India Infoline Ltd (NSE: INDIAINFO, BSE: 532636) and its subsidiaries, is one of
the leading players in the Indian financial services space. IIFL offers advice
and execution platform for the entire range of financial services covering
products ranging from Equities and derivatives, Commodities, Wealth management,
Asset management, Insurance, Fixed deposits, Loans, Investment Banking, GoI
bonds and other small savings instruments. It owns and manages the website, www.indiainfoline.com, which is one of India’s
leading online destinations for personal finance, stock markets, economy and
business.
IIFL has received ‘Best Equity Broking House with Global
Presence’ at the D&B Equity Broking Awards 2012 as well as for 2011. IIFL
Wealth was awarded ‘Best Wealth Management House – India’ at The Asset Triple A
Investment Awards, 2012 as well as for 2011. IIFL has also been awarded as the
‘Best Broker in India, 2011’, by FinanceAsia and the 'Best Equity Broker of the
Year, 2011' by Bloomberg UTV. A forerunner in the field of equity research,
IIFL’s research is acknowledged by none other than Forbes as ‘Best of the Web’
and ‘…a must read for investors in Asia’. IIFL research is available not just
over the Internet but also on international wire services like Bloomberg,
Thomson First Call and Internet Securities where it is amongst one of the most
read Indian brokers.
A network of over 4,000 business locations spread over more
than 900 cities and towns across India facilitates the smooth acquisition and
servicing of a large customer base. All our offices are connected with the
corporate office in Mumbai with cutting edge networking technology. The group
caters to a customer base of over a million customers, over a variety of mediums
viz. online, over the phone and at our branches.
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