IIFL Finance inches up on reporting 24% rise in Q1 consolidated net profit

IIFL Finance is currently trading at Rs. 352.65, up by 0.90 points or 0.26% from its previous closing of Rs. 351.75 on the BSE.

The scrip opened at Rs. 358.85 and has touched a high and low of Rs. 358.85 and Rs. 350.10 respectively. So far 5659 shares were traded on the counter.

IIFL Finance 1
IIFL Finance 1

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 395.15 on 28-Apr-2022 and a 52 week low of Rs. 260.40 on 21-Sep-2021.

Last one week high and low of the scrip stood at Rs. 364.00 and Rs. 338.00 respectively. The current market cap of the company is Rs. 13445.53 crore.

The promoters holding in the company stood at 24.90%, while Institutions and Non-Institutions held 25.76% and 49.34% respectively.

IIFL Finance has reported a rise of 51.42% in its net profit at Rs 156.86 crore for the quarter ended June 30, 2022 as compared to Rs 103.59 crore for the same quarter in the previous year. Total income of the company increased by 18.20% at Rs 969.02 crore for Q1FY23 as compared Rs 819.79 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 24.04% in its net profit at Rs 329.72 crore for the quarter under review as compared to Rs 265.82 crore for the same quarter in the previous year. Total income of the company increased by 28.95% at Rs 1975.18 crore for Q1FY23 as compared Rs 1531.70 crore for the corresponding quarter previous year.

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