IIFL Securities gains on reporting 72% rise in Q1 consolidated net profit
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IIFL Securities is currently trading at Rs. 66.08, up by 0.72 points or 1.10% from its previous closing of Rs. 65.36 on the BSE.
The scrip opened at Rs. 67.41 and has touched a high and low of Rs. 68.03 and Rs. 65.32 respectively. So far 61015 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 79.65 on 15-Sep-2022 and a 52 week low of Rs. 48.23 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 68.03 and Rs. 63.33 respectively. The current market cap of the company is Rs. 2019.98 crore.
The promoters holding in the company stood at 31.13%, while Institutions and Non-Institutions held 19.57% and 49.29% respectively.
IIFL Securities has reported results for first quarter ended June 30, 2023 (Q1FY24).
IIFL Securities has reported 73.34% rise in its net profit at Rs 68.97 crore for the quarter under review as compared to Rs 39.79 crore for the same quarter in the previous year. Total revenue of the company increased by 34.21% at Rs 361.63 crore for Q1FY24 as compared Rs 269.45 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 72% rise in net profit at Rs 74.63 crore for the quarter ended June 30, 2023 as compared to Rs 43.39 crore for the same quarter in the previous year. Total revenue of the company increased by 39.41% at Rs 410.99 crore for Q1FY24 as compared Rs 294.80 crore for the corresponding quarter previous year.
