{"id":70003,"date":"2023-01-31T10:50:00","date_gmt":"2023-01-31T05:20:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=70003"},"modified":"2023-01-31T10:47:50","modified_gmt":"2023-01-31T05:17:50","slug":"biz-results-iifl-finance-3","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-results-iifl-finance-3\/","title":{"rendered":"IIFL Finance Q3 Results: Net profit rises 37% to Rs 423 crore"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1585126008\"><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>IIFL Finance on Monday reported a 37 per cent growth in net profit at Rs 423 crore in the three months to December on higher advances.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-822693367\"><!-- 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>Total income rose 30 per cent on-year to Rs 1,339.4 crore in the third qurter of the current fiscal, the company said in a statement.<\/p><p>Growth in core products of gold loans and home loans stood at 25 per cent and 24 per cent, respectively, the city-based company said.<\/p><p>The microfinance book grew 55 per cent while loan against property and digital loans rose 14 per cent and 3 per cent, respectively.<\/p><div class=\"trade-content_5\" id=\"trade-4284317859\"><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>Total loan portfolio grew 26 per cent to Rs 57,941 crore while the non-core book primarily consisting of construction and real estate finance, shrunk 7 per cent to Rs 3,252 crore.<\/p><p>On the asset quality side, its gross NPAs declined to 2.1 per cent from 2.8 per cent a year ago pushing down the net NPAs to 1.1 per cent from 1.5 per cent a year ago, the company&#8217;s Managing Director Nirmal Jain said.<\/p><p>Out of the company&#8217;s total loan book of Rs 57,941 crore, home loan segment constituted 35 per cent at Rs 20,389 crore and gold loans accounted for 32 per cent at Rs 18,284 crore.<\/p><p>Loans against property were 11 per cent at Rs 6,186 crore, microfinance loans were 14 per cent at Rs 7,834 crore, among other segments.<\/p><p>The company also declared an interim dividend of 200 per cent or Rs 4 per equity share.<\/p><p>The company operates 3,965 branches.<\/p><div class=\"trade-content-10\" id=\"trade-4133255161\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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>Its cash and cash equivalents and committed credit lines from banks and institutions stood at Rs 8,562 crore.<\/p><p>During the December quarter, the company raised Rs 4,390 crore through term loans, bonds and refinance. PTI BEN RAM<\/p><div class=\"trade-after-content\" id=\"trade-2482553697\"><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>IIFL Finance on Monday reported a 37 per cent growth in net profit at Rs 423 crore in the three months to December on higher advances. Total income rose 30 per cent on-year to Rs 1,339.4 crore in the third qurter of the current fiscal, the company said in a statement. Growth in core products [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":19068,"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":[1515,31],"tags":[],"class_list":["post-70003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IIFL Finance Q3 Results: Net profit rises 37% to Rs 423 crore - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"IIFL Finance on Monday reported a 37 per cent growth in net profit at Rs 423 crore in the three months to December on higher advances.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-results-iifl-finance-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IIFL Finance Q3 Results: Net profit rises 37% to Rs 423 crore\" \/>\n<meta property=\"og:description\" content=\"IIFL Finance on Monday reported a 37 per cent growth in net profit at Rs 423 crore in the three months to December on higher advances.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/biz-results-iifl-finance-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-31T05:20:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/IIFL-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/IIFL-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/biz-results-iifl-finance-3\/\",\"url\":\"https:\/\/tradebrains.in\/features\/biz-results-iifl-finance-3\/\",\"name\":\"IIFL Finance Q3 Results: Net profit rises 37% to Rs 423 crore - 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