One of the largest independent full-service retail and institutional brokerage stocks rose by 7.7% to its 52-week high of ₹176.85 per share from the previous close of ₹164.10 after the company announced its Q3 results and its investor presentation on Monday.
IIFL Securities Ltd announced its December quarter financial results and investor presentation in a stock exchange filing on Monday.
Looking at IIFL Securities Ltd’s net revenue increased by 63% YoY from ₹342 to ₹559 crores, and in QoQ, net revenue decreased by 10% from ₹507 crores to its current level.
The company’s net profit increased by 133% YoY from ₹65 to ₹151 crores, and in QoQ, their net profit fell by 39% from ₹108 crores to its current level.
Additionally, in their business performance, Assets Under Management & Custody increased by 62% YoY, Average Daily Turnover increased by 73% YoY, and Mutual Fund Assets Under Management increased by 25%.
The investment app received its highest rating of 4.4 and completed 17 transactions in the last quarters across capital markets and private placement/advisory. Investment banking revenues increased by 53% YoY.
IIFL Securities Ltd has a market capitalization of ₹5,200 Crores, and the share price of the company rose by 160% in the last six months. For instance if an investor invested ₹1 Lakh six months ago the current value would be ₹2.6 Lakhs.
Compared to its competitors IIFL Securities Ltd has a low price-to-earnings ratio of 15, with a low debt-to-equity ratio of 0.36, a return on equity of 19%, a return on capital employed of 23%, and a net profit margin of 18%.
The company’s shareholding is as follows: the promoter owns 31.11%, the general public owns 55.30%, and foreign institutional investors own 13.59 percent.
IIFL Securities Limited, founded in 1996 as the IIFL Group’s broking arm, offers retail and institutional equities, financial product distribution, commodity broking, currency broking, investment banking, financial planning, and wealth management services to retail and institutional customers throughout India.
Written by Sriram KV
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