On Wednesday diversified financial services firm IIFL Holdings announced its Q3 result for the ongoing quarter. The company reported a 41.3% increase in consolidated net profit for the December quarter at Rs 179.1 crore from Rs 126.7 crore in the same period last year. IIFL’s consolidated total income went up by 29.4% from a year ago to Rs 1,270.5 crore. However, on a standalone basis, the company’s net profit declined 67.8% to Rs 25.9 crore and total income fell 55.6% to Rs 37 crore.
On the strong consolidated Q3FY17 result, IIFL share price surged 10.23 per cent and traded at the morning high of Rs. 314.
The company’s board also declared an interim dividend of Rs 4.50 per equity share for 2016-17. Net profit for the company’s NBFC operations went up by 25% to Rs 112 crore. For the wealth operations, total assets under management (AUM), distribution and advice surged 22% from the corresponding quarter in the last financial year to Rs 1.06 lakh crore. The data was confirmed by the company in a release. Average daily equity market turnover for broking business increased 60% to Rs 8,749 crore during the quarter.
At 9:38 Am, IIFL share price was still trading strong at Rs. 311.15, up by 9.23 per cent. So far, over 3.4 lakh shares were traded at the NSE counter as against its twenty day traded average of a little over 61 thousand shares.
No comments:
Post a Comment