India Infoline, leading financial services provider, announced that the company’s board of directors has approved a stock split of each Rs. 10/- per share into five shares of Rs. 2/- each. The board has also proposed a final dividend of Rs 6/- per share (60%) which will translate to a payout ratio of 24% of the consolidated profit for the year 2007-08.

Yesterday, the company announced its results for the quarter ended March 2008. The company's income from operations was at Rs 383.31 crore up by 25% versus Rs 307.26 crore on QoQ basis and was up by 172% versus Rs 140.97 on YoY basis.

In the same quarter its net profit was flat at Rs 65.88 crore versus Rs 65.14 crore on QoQ basis and versus Rs 24.61 crore On YoY basis.

Recently, the company shares have also been included in the A group shares of BSE.