The shares of one of the leading non-banking financial companies (NBFC) gains marginally in the day’s trade upon release of Q3FY24 results with a jump in net profit by 28.82 percent YoY to Rs. 423.21 Crores.
At 11:30 a.m the shares of IIFL Finance Limited were trading at Rs. 655.05, up 0.71 percent from its previous day’s close price of Rs. 540.45 and its market capitalization is Rs. 25,032 Crores.
Its income from interest earned grew 35.03 percent YoY from Rs. 1,898.03 Crores in Q3FY23 to Rs. 2,562.98 Crores in Q3FY24 and it grew 8.71 percent QoQ from Rs. 2357.61 Crores in Q2FY24 to Rs. 2,562.98 Crores in Q3FY24.
Its Net Profit grew by 28.82 percent YoY from Rs. 423.21 Crores in Q3FY23 to Rs. 545.19 Crores in Q3FY24 and it grew 3.74 percent QoQ from Rs. 525.12 Crores in Q2FY24 to Rs. 545.19 Crores in Q3FY24.
Here are some of the ratios that can determine the financial performance of the business, it reported a GNPA of 1.7 percent, NNPA of 0.9, Net profit margin of 11.32 percent, ROA of 3.8 percent, and an ROE of 19.7 percent.
In addition to this, it has declared an Interim Dividend of Rs. 4 per equity share for the Financial year 2023-24. The record date to be eligible to receive the dividend is January 25, 2024, and the dividend will be paid on or before February 15, 2024.
IIFL Finance Limited is a non-banking financial company (NBFC), it has a wide range of product and services portfolio that includes home loans, gold loans, business loans, micro finance, developer & construction finance, and capital market finance, catering to both retail and corporate clients.
According to the latest shareholding data available for the December 2023 quarter, the company’s Promoters hold 24.80 percent stake, the Domestic Institutional Investors hold 8.27 percent and the Foreign Institutional Investors (FII) hold 31.27 percent.
Written by: Bharath K.S
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