IIFL Securities zooms on reporting 2-fold jump in Q4 consolidated net profit
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IIFL Securities is currently trading at Rs. 56.60, up by 1.70 points or 3.10% from its previous closing of Rs. 54.90 on the BSE.
The scrip opened at Rs. 57.35 and has touched a high and low of Rs. 59.95 and Rs. 55.45 respectively. So far 147919 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 65.60 on 25-Feb-2021 and a 52 week low of Rs. 28.90 on 29-May-2020.
Last one week high and low of the scrip stood at Rs. 59.95 and Rs. 49.20 respectively. The current market cap of the company is Rs. 1720.08 crore.
The promoters holding in the company stood at 31.41%, while Institutions and Non-Institutions held 20.47% and 48.13% respectively.
IIFL Securities has reported results for fourth quarter and year ended March 31, 2021.
The company has reported a fall of 32.04% in its net profit at Rs 39.88 crore for the quarter under review as compared to Rs 58.68 crore for the same quarter in the previous year. However, total income of the company increased by 23.19% at Rs 224.42 crore for Q4FY21 as compared Rs 182.17 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 2- fold jump in its net profit attributable to owners at Rs 77.32 crore for the quarter under review as compared to Rs 37.27 crore for the same quarter in the previous year. Total income of the company increased by 22.09% at Rs 256.19 crore for Q4FY21 as compared Rs 209.84 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the company has reported a rise of 21.19% in its net profit at Rs 172.84 crore as compared to Rs 142.62 crore for the previous year. Total income of the company increased by 18.07% at Rs 760.08 crore for year under review as compared to Rs 643.74 crore for year ended March 31, 2020.
For the year ended March 31, 2021, on the consolidated basis, the company has reported a fall of 5.84% in its net profit at Rs 220.33 crore as compared to Rs 233.98 crore for the previous year. However, total income of the company increased by 9.83% at Rs 867.62 crore for year under review as compared to Rs 789.95 crore for year ended March 31, 2020.
