Buy IIFL Finance Ltd for the Target Rs. 550 by Motilal Oswal Financial Services Ltd

* Estimate consol. AUM growth of ~36% YoY to INR909b.
* Cost ratios are expected to decline to ~47.3%. (PQ: ~48%)
* Credit costs are expected to rise ~40bp QoQ to ~3.2%.
* Outlook on the gold loan business, loan growth, and margins is the key monitorable
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