sādhu-saṅge - by the association of devotees; kṛṣṇa-bhaktye - in discharging devotional service to Kṛṣṇa; śraddhā - faith; yadi - if; haya - there is; bhakti-phala - the result of devotional service to Kṛṣṇa; prema - love of Godhead; haya - awakens; saṁsāra - the conditioned life in material existence; yāya kṣaya - becomes vanquished.

“By associating with a devotee, one awakens his faith in devotional service to Kṛṣṇa. Because of devotional service, one’s dormant love for Kṛṣṇa awakens, and thus one’s material, conditioned existence comes to an end.