This finance company reported a 43% rise in Q4 consolidated net profit

This finance company reported a 43% rise in Q4 consolidated net profit

by 5paisa Research Team Last Updated: Apr 27, 2023 - 05:43 pm 194 Views

Company has given a 30.58% return over past year.  

Quarterly Report 

In the reviewed quarter, IIFL Finance net profit for the fourth quarter that ended on March 31, 2023, grew by 42.56% to Rs 457.55 crore from Rs 320.96 on a consolidated basis in comparison to the same period the previous year. The company's overall sales increased 17.74% to Rs 2,276.01 crore in Q4FY23 from Rs 1,933.02 crore in the same period the previous year. 

On a consolidated basis, the firm recorded a 35.29% increase in net profit for the year ended March 31, 2023, from Rs 1,188.25 crore to Rs 1,607.55 crore. When compared to the year ended March 31, 2022, the company's total revenue climbed by 20.27% to Rs 8,447.11 crore from Rs 7023.61 for the year under review. 

Share Price Moment

Today the scrip opened at Rs 475 and has touched a high and low of Rs 485.90 and Rs 466.30 respectively. So far 58,413 shares were traded on the counter at BSE. It closed around Rs 482.65 with a positive 1.81% return in a day. 

The BSE group 'A' stock of face value Rs 2 has touched a 52-week high of Rs 538.40 and a 52-week low of Rs 282.80. 

About the Company

IIFL Finance is a subsidiary of IIFL Group, which is a diversified financial services company in India with businesses in wealth management, asset management, investment banking, and more. 

IIFL Finance provides a wide range of financial products and services, including home loans, gold loans, business loans, personal loans, and more. The company has a strong presence in rural and semi-urban areas in India, where it provides microfinance and small and medium enterprise (SME) lending services. 

Promoters holding in the company is at 24.85% while Institutions and Non-Institutions held 32.13% and 43.02%, respectively.

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