IIFL Finance Q4 net profit zooms 854.41% at Rs 159.10 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit of Rs 159.10 crore for the quarter ended March 31, 2021 as compared to Rs 16.67 crore in the same period last year, registering a year-on-year growth of 854.41 per cent. Net revenue of the company rose substantially by 25.97 per cent at Rs 975.81 crore in January-March quarter of this fiscal as against Rs 774.65 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 20.54 per cent to Rs 371.66 crore from Rs 467.76 crore in year ago period. Other Income dipped by 18.21 per cent at Rs 6.11 crore versus (Mar'20 Rs 7.47 crore).
Operating Profit surged by 96.86 per cent to Rs 604.15 crore as against Rs 306.89 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 56.26 per cent in March quarter. Interest grew by 16.37 per cent y-o-y to Rs 398.70 crore, while Taxation increased by 252.64 per cent at Rs 27.72 crore (Mar'20 Rs -18.16 crore).
