India Infoline profit rises 21%

In distribution the total income rose 43% to Rs 68 cr with AUM from mutual fund at Rs 14,000 cr

India Infoline on Tuesday reported a 21 per cent rise in net profit at Rs 63 crore on a consolidated basis for the quarter ended June.

The loanbook of its non-banking financial arm increased 29 per cent to Rs 9,463 crore. Gross non-performing assets (NPA) and net NPA was at 0.58 per cent and 0.24 per cent, respectively. Net interest margin was at 7.1 per cent, and capital adequacy ratio was at 21 per cent.

In distribution, the total income rose 43 per cent to Rs 68 crore with assets under management (AUM) from mutual fund at Rs 14,000 crore. In the capital market operations, its total fee income was Rs 128 crore, which grew just 2 per cent year on year. In the total income, the share of equity brokerage stood at 11 per cent.

India Infoline is one of the 26 applicants for banking licence.