IIFL Finance trades higher on reporting 4-fold jump in Q4 consolidated net profit
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IIFL Finance is currently trading at Rs. 279.30, up by 13.30 points or 5.00 % from its previous closing of Rs. 266.00 on the BSE.
The scrip opened at Rs. 277.40 and has touched a high and low of Rs. 279.30 and Rs. 265.00 respectively. So far 34157 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 346.55 on 17-Mar-2021 and a 52 week low of Rs. 58.15 on 03-Jun-2020.
Last one week high and low of the scrip stood at Rs. 274.00 and Rs. 244.10 respectively. The current market cap of the company is Rs. 10077.16 crore.
The promoters holding in the company stood at 24.96%, while Institutions and Non-Institutions held 21.69% and 53.35% respectively.
IIFL Finance has reported results for fourth quarter and year ended March 31, 2021. The company has reported above 9 -fold jump in its net profit at Rs 159.10 crore for the quarter under review as compared to Rs 16.67 crore for the same quarter in the previous year. Total income of the company increased by 25.42% at Rs 981.92 crore for Q4FY21 as compared Rs 782.91 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 4 - fold jump in its net profit attributed to the owners at Rs 247.63 crore for the quarter under review as compared to Rs 58.74 crore for the same quarter in the previous year. Total income of the company increased by 22.83% at Rs 1648.62 crore for Q4FY21 as compared Rs 1342.19 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the company has reported 2 - fold jump in its net profit at Rs 342.58 crore as compared to Rs 148.80 crore for the previous year. Total income of the company increased by 28.64% at Rs 3436.20 crore for year under review as compared to Rs 2671.20 crore for year ended March 31, 2020.
For the year ended March 31, 2021, on the consolidated basis, the company has reported a rise of 51.47% in its net profit attributed to the owners at Rs 760.12 crore as compared to Rs 501.83 crore for the previous year. Total income of the company increased by 21.58% at Rs 5989.40 crore for year under review as compared to Rs 4926.12 crore for year ended March 31, 2020.
