IIFL Finance Q4 net profit jumps 44.98% at Rs 230.66 cr
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The company reported standalone net profit of Rs 230.66 crore for the quarter ended March 31, 2022 as compared to Rs 159.10 crore in the same period last year, registering a year-on-year growth of 44.98 per cent. Net revenue of the company rose moderately by 8.10 per cent at Rs 1,054.85 crore in January-March quarter of this fiscal as against Rs 975.81 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 1.14 per cent to Rs 367.42 crore from Rs 371.66 crore in year ago period.
Other Income grew by 57.77 per cent at Rs 9.64 crore versus (Mar'21 Rs 6.11 crore). Operating Profit surged by 13.78 per cent to Rs 687.43 crore as against Rs 604.15 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 5.27 per cent in March quarter. Interest declined by 3.56 per cent y-o-y to Rs 384.52 crore, while Taxation increased by 92.10 per cent at Rs 53.25 crore (Mar'21 Rs 27.72 crore).
