320-x-100_uti_gold.jpg" alt="Advertisement">
IIFL Finance trades higher on reporting 29% rise in Q3 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
IIFL Finance is currently trading at Rs. 657.70, up by 6.30 points or 0.97% from its previous closing of Rs. 651.40 on the BSE.
The scrip opened at Rs. 644.75 and has touched a high and low of Rs. 669.95 and Rs. 629.65 respectively. So far 59000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 704.20 on 16-Oct-2023 and a 52 week low of Rs. 408.40 on 14-Mar-2023.
Last one week high and low of the scrip stood at Rs. 669.95 and Rs. 628.35 respectively. The current market cap of the company is Rs. 24800.22 crore.
The promoters holding in the company stood at 24.79%, while Institutions and Non-Institutions held 39.54% and 35.67% respectively.
IIFL Finance has reported 17.22% fall in net profit at Rs 131.65 crore for the quarter ended December 31, 2023 as compared to Rs 159.03 crore for the same quarter in the previous year. However, total income of the company increased by 17.90% at Rs 1,162.82 crore for Q3FY24 as compared Rs 986.28 crore for corresponding quarter of the previous year.
On consolidated basis, the company reported 28.82% rise in its net profit at Rs 545.19 crore for third quarter ended December 31, 2023 as compared to Rs 423.21 crore for the same quarter in the previous year. Total income of the company increased by 25.64% at Rs 2,694.36 crore for Q3FY24 as compared Rs 2,144.47 crore for corresponding quarter of the previous year.
