{"id":117568,"date":"2024-01-18T12:05:16","date_gmt":"2024-01-18T06:35:16","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=117568"},"modified":"2024-01-18T12:51:40","modified_gmt":"2024-01-18T07:21:40","slug":"nbfc-stock-in-green-after-its-net-profit-increases-by-28-in-q3","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/nbfc-stock-in-green-after-its-net-profit-increases-by-28-in-q3\/","title":{"rendered":"NBFC stock in green after its net profit increases by 28%\u00a0in Q3"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3768958561\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of one of the leading non-banking financial companies (NBFC) gains marginally in the day\u2019s trade upon release of Q3FY24 results with a jump in net profit by 28.82 percent YoY to Rs. 423.21 Crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1021306847\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>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\u2019s close price of Rs. 540.45 and its market capitalization is Rs. 25,032 Crores.&nbsp;<\/p><p>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.&nbsp;<\/p><p>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.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-342579546\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>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.&nbsp;<\/p><p>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.&nbsp;<\/p><p>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 &amp; construction finance, and capital market finance, catering to both retail and corporate clients.&nbsp;<\/p><p>According to the latest shareholding data available for the December 2023 quarter, the company\u2019s Promoters hold 24.80 percent stake, the Domestic Institutional Investors hold 8.27 percent and the Foreign Institutional Investors (FII) hold 31.27 percent.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2421398763\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of one of the leading non-banking financial companies (NBFC) gains marginally in the day\u2019s trade upon release of Q3FY24 results with a jump in net profit by 28.82 percent YoY to Rs. 423.21 Crores.&nbsp; At 11:30 a.m the shares of IIFL Finance Limited were trading at Rs. 655.05, up 0.71 percent from its [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":103300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-117568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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