FORM 6
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16
of
the Securities Exchange Act of 1934
For the month of July
HSBC Holdings plc
42nd Floor, 8 Canada Square, London
E14 5HQ, England
(Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F).
Form 20-F X
Form 40-F
......
(Indicate by check mark whether the registrant
by furnishing the information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934).
Yes.......
No X
(If "Yes" is marked, indicate below the file
number assigned to the registrant in connection with Rule 12g3-2(b): 82-
..............).
The following is a summary of an announcement issued by IL&FS Investsmart
Limited, an Indian incorporated, 93.86 per cent-owned subsidiary of HSBC Holdings
plc.
RESULTS FOR THE QUARTER ENDED 30 JUNE 2009
-
Consolidated net loss after tax of
Rs 19.90 crore
(US$ 4.15 million) for the quarter ended 30 June 2009 compared with a
profit of Rs 1.14 crore
(US$ 0.24 million)
for the corresponding period in the previous year.
-
Operating income of
Rs 44.68 crore (US$ 9.33 million), down from Rs 70.02 crore(US$ 14.61 million) for the corresponding period in the previous year
.
-
Loss per share of Rs 2.85 (US$ 0.06) for the quarter ended 30 June 2009 -
down from earnings per share of Rs 0.16 (US$ 0.003) for the corresponding
period in the previous year.
Due to the downturn in the equity markets, IL&FS Investsmart
has reported a consolidated net loss of
Rs 19.90 crore
(US$ 4.15 million)
for the quarter ended 30 June 2009.
In line with weak global equity markets, Investsmart's total income during the
quarter ended 30 June 2009 was Rs 45.95 crore (US$ 9.59 million), down from Rs
71.01 crore (US$ 14.82 million) for the corresponding period in the previous year.
Total expenses have reduced by 9.08 per cent to Rs 63.37 crore (US$ 13.23 million)
from Rs 69.70 crore (US$ 14.55 million) for the corresponding period in the
previous year.
Media enquiries to
Rajesh Joshi on +91 22 2268 1695 or at rajeshjoshi@hsbc.co.in
The above results are on an India GAAP basis.
2. IL&FS Investsmart Limited (Investsmart)
IL&FS Investsmart Group (IIL) is one of
India
's leading financial services organisations. IIL, through its subsidiaries
in
India
and
Singapore
, provides a wide range of investment products to its retail and institutional
clients including equity broking, investment banking, insurance broking and
distribution, mutual funds distribution and related financing services. IIL's
1518 employees provide a complete range of investment solutions to over 160,000
customers in
India
through its 78 branches and 168 franchisee outlets from over 103 cities.
It has been recognised as 'National Best Performing Financial Advisor - Retail'
for two years in a row (2006-07 and 2007-08) by CNBC TV 18. Investsmart is
listed on the National Stock Exchange and the Bombay Stock Exchange and its
Global Depository Shares are listed on the Luxembourg Stock Exchange. HSBC
completed the acquisition of a 93.86 per cent stake in the company on 30
September 2008.
HSBC is one of
India
's leading banking and financial services institutions, with over 37,000
employees in its banking, investment banking and capital markets, asset
management, insurance broking, life insurance, software development and global
resourcing operations in the country. The India branches of The
Hongkong
and Shanghai Banking Corporation Limited offer a full range of banking
and financial services to over 2.8 million customers through their 47 branches
and 173 ATMs across the 26 cities of Ahmedabad, Bangalore, Chandigarh, Chennai,
Coimbatore, Gurgaon, Hyderabad, Indore, Jaipur, Jodhpur, Kochi, Kolkata,
Ludhiana, Lucknow, Mumbai, Mysore, Nagpur, Noida, New Delhi, Patna, Pune,
Raipur, Trivandrum, Thane, Vadodara and Visakhapatnam.
The HSBC Group recently acquired a majority stake in Investsmart that has
enabled it to offer retail brokerage services to its customers across a wider
geography in the country. It has also entered into a joint venture with two
of
India
's leading public sector banks to establish the Canara HSBC Oriental Bank of
Commerce Life Insurance Company.
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered
in
London
. The Group serves customers worldwide from around 9,500 offices in 86
countries and territories in Europe, the Asia-Pacific region, the
Americas
, the Middle East and
Africa
. With assets of US$2,527 billion at 31 December 2008, HSBC is one of the
world's largest banking and financial services organisations.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
HSBC Holdings plc
By:
Name: P A Stafford
Title: Assistant Group Secretary
Date:
30th July 2009