IL&FS Investment Managers Limited (BSE:511208) is seeking to acquire merchant banking and broking units in order to increase capacity for providing capital market services, especially to infrastructure sector companies. Ramesh Bawa, Managing Director and Chief Executive Officer of IL&FS Financial Services, said that IL&FS Investment now wants to increase its presence for doing initial public offers and merchant banking activities, especially for companies in infrastructure and allied areas. Mergers and acquisitions (M&A) is one of the route to scale up its presence now wants to increase its presence for doing initial public offers and merchant banking activities, especially for companies in infrastructure and allied areas.

IL&FS Investment Managers Limited announced unaudited standalone and consolidated earnings results for the fourth quarter and audited consolidated and standalone earnings results for the full year ended March 31, 2013. For the quarter, on standalone basis, the company announced income from operations of INR 225.904 million compared to INR 224.674 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 185.265 million compared to INR 229.011 million a year ago. Profit from ordinary activities before tax was INR 186.350 million compared to INR 240.111 million a year ago. Net profit was INR 131.648 million or INR 0.63 per basic and diluted share for before and after extraordinary items compared to INR 169.657 million or INR 0.82 per basic and diluted share for before and after extraordinary items a year ago. For the year, on standalone basis, the company announced income from operations of INR 906.482 million compared to INR 852.083 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 594.454 million compared to INR 559.077 million a year ago. Profit from ordinary activities before tax was INR 424.428 million compared to INR 410.429 million a year ago. Net profit was INR 424.428 million or INR 2.03 per diluted share for before and after extraordinary items compared to INR 410.429 million or INR 1.97 per diluted share for before and after extraordinary items a year ago. For the quarter, on consolidated basis, the company announced income from operations of INR 530.763 million compared to INR 557.001 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 278.855 million compared to INR 270.067 million a year ago. Profit from ordinary activities before tax was INR 278.231 million compared to INR 278.056 million a year ago. Net profit was INR 212.601 million or INR 1.03 per basic and diluted share for before and after extraordinary items compared to INR 197.001 million or INR 0.94 per diluted share for before and after extraordinary items a year ago. For the year, on consolidated basis, the company announced income from operations of INR 2,161.098 million compared to INR 2,125.876 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 1,014.079 million compared to INR 950.637 million a year ago. Profit from ordinary activities before tax was INR 1,011.389 million compared to INR 953.142 million a year ago. Net profit was INR 766.659 million or INR 3.67 per basic and diluted share for before and after extraordinary items compared to INR 738.102 million or INR 3.54 per diluted share for before and after extraordinary items a year ago.

IL&FS Investment Managers Limited announced that the Board of Directors of the company at its meeting held on April 30, 2013 has recommended dividend of 75% (INR 1.50 per share of the face value of INR 2 each). The payment of the dividend is subject to approval of shareholders in the ensuing Annual General Meeting of the company.