Domestic brokerage firm India Infoline on July 29 posted a consolidated net profit Rs 49.53 crore for the first quarter ended 30 June 2008, against a loss of Rs 7.20 crore in the same quarter last year.
The company’s total income rose to Rs 269.04 crore from Rs 133.41 crore for the year ago period.
The firm posted a standalone net profit Rs 41.18 crore for the first quarter, against a loss of Rs13.94 crore for the quarter ended 30 June, 2007.
However, the firm's net profits were down by 24 per cent from the previous quarter because of turbulent market conditions.