Profit

Brokerage business under pressure: IIFL on Q1 results

PUBLISHED ON: July 23, 2013 | Duration: 5 min, 29 sec

  
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India Infoline CFO Dhruv Jain talks to NDTV Profit about the company's earnings in the first quarter. Mr Jain says that Q1 is seasonally a weak quarter, with Q3 and Q4 traditionally likely to be stronger. He mentions pressure on IIFL's brokerage business and declining gold prices. But still, IIFL's loan book stands at Rs 9,500 crore as on June 2013, up 29 per cent YoY, he adds.
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