Published on 29/05/2020 10:16:24 AM | Source: Dion Global Solutions Ltd

IIFL Finance Q4 net profit down 86.84% at Rs 16.67 cr

Posted in Stock Market| #Stock Market #NBFC #Quarterly Result

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The company reported standalone net profit of Rs 16.67 crore for the quarter ended March 31, 2020 as compared to Rs 126.64 crore in the same period last year, registering a year-on-year decline of 86.84 per cent. Net revenue of the company rose three fold by 504.96 per cent at Rs 774.65 crore in January-March quarter of this fiscal as against Rs 128.05 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 33311.43 per cent to Rs 467.76 crore from Rs 1.40 crore in year ago period. Other Income grew by 0.00 per cent at Rs 7.47 crore versus (Mar'19 Rs 0.00 crore).

Operating Profit surged by 142.31 per cent to Rs 306.89 crore as against Rs 126.65 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 59.94 per cent in March quarter. Interest grew by 0.00 per cent y-o-y to Rs 342.62 crore, while Taxation increased by 18060.00 per cent at Rs -18.16 crore (Mar'19 Rs -0.10 crore).