IL&FS Investment Managers Q3 net up 0.67 pc at Rs 16.42 cr

MUMBAI: Private equity firm IL&FS Investment Managers today reported a 0.67 per cent rise in its net profit at Rs 16.42 crore for the third quarter ended December 31, 2010.

The company had posted a net profit of Rs 16.31 crore in the October-December quarter last fiscal, IL&FS Investment Managers said in a filing to the Bombay Stock Exchange (BSE).

The total income of the company also grew to Rs 57.30 crore in the December quarter from Rs 41.63 crore in the year-ago period, the filing added.

Shares of IL&FS Investment Managers settled at Rs 33.75 a piece, up 3.85 per cent from previous close on the BSE.

Net4 India Q3 Net up over two fold at Rs 6.5 cr * Network and application services provider Net4 India today reported an over two fold jump in its net profit at Rs 6.5 crore for the third quarter ended December 31, 2010.

The company had posted a net profit of Rs 3.2 in the October-December quarter last fiscal, Net4 India said in a statement.

The total revenues of the company also climbed up by 69 per cent to Rs 85.5 crore in the December quarter. It had registered total revenues of Rs 50.7 in the corresponding quarter last year.

"We are extremely pleased with our continuing growth momentum and are constantly working towards services, strategies and markets that will enable us to sustain these growth rates over a long period of time," Net4 India CMD Jasjit Sawhney said.

Shares of the company settled today at Rs 97, down 0.10 per cent from its previous close on the BSE.