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Q4FY08 Analyst Meet Notes - India Infoline 30 April 2008 Source: www.keynoteindia.net
India Infoline is a one-stop financial services provider and NBFC registered under RBI. Key Takeaways The sluggishness in the capital markets impacted revenues of the broking industry including IIL. On sequential basis, brokerage income was down 11% and market volumes were down by 29%. However, having diversified into other financial services, it managed to de-risk its business model. For full year FY08, income from operations grew by 143%, mainly on account of a 450% growth in financing income. This also includes income from funding IPOs of Reliance Power and Future Capital. EBITDA margins up from 33% in FY07 to 39% in FY08. Market share on NSE increased to 3.4% in FY08 vis-a-vis 2.2% in FY07, on account of improved productivity of the branches setup during the year and increased contribution from institutional business. Business locations have risen to 758 (comprising 607 owned branches and 151 franchisees). In institutional business, new products such as ‘Front page’ were launched. To read more download full version of India Infoline analyst meeting notes. |
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