IIFL Finance Q1 net profit jumps 51.42% at Rs 156.86 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 156.86 crore for the quarter ended June 30, 2022 as compared to Rs 103.59 crore in the same period last year, registering a year-on-year growth of 51.42 per cent. Net revenue of the company rose moderately by 18.08 per cent at Rs 963.46 crore in April-June quarter of this fiscal as against Rs 815.93 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 43.06 per cent to Rs 362.31 crore from Rs 253.26 crore in year ago period. Other Income grew by 44.04 per cent at Rs 5.56 crore versus (Jun'21 Rs 3.86 crore). Operating Profit surged by 6.84 per cent to Rs 601.15 crore as against Rs 562.67 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 9.53 per cent in June quarter. Interest declined by 8.54 per cent y-o-y to Rs 367.92 crore, while Taxation increased by 49.66 per cent at Rs 53.49 crore (Jun'21 Rs 35.74 crore).
