IL&FS Investment Manager on Monday announced a net profit of Rs 14.41 crore for the second quarter ended September 30, a two fold jump over the corresponding period a year ago. The firm had a net profit of Rs 4.42 crore in the second quarter of FY08, IL&FS Investment said in a BSE filing.
The income from operations rose to Rs 39.36 crore in the current quarter under review, from Rs 15.14 crore the same period a year ago.
For the six month ended September 30, it reported a net profit of Rs 27.48 crore, while the income from operations ratcheted to Rs 71.62 crore.
The board at the meeting, elevated Shahzaad Dalal to look after the international operations of the company. Dalal would head the company’s subsidiary IL&FS Investment Advisors LLC as Chairman and CEO, the filing said.
Dalal would continue as a Non-Executive Director and Vice Chairman, while Archana Hingorani would be designated as Executive Director and CEO.