IIFL Securities zooms on reporting 94% rise in Q2 consolidated net profit
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IIFL Securities is currently trading at Rs. 108.78, up by 14.74 points or 15.67% from its previous closing of Rs. 94.04 on the BSE.
The scrip opened at Rs. 98.28 and has touched a high and low of Rs. 111.53 and Rs. 95.32 respectively. So far 1006098 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 111.53 on 18-Oct-2023 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. 111.53 and Rs. 88.90 respectively. The current market cap of the company is Rs. 3327.27 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 second quarter ended September 30, 2023 (Q2FY24).
The company has reported over 2-fold jump in its net profit at Rs 141.41 crore for the quarter under review as compared to Rs 56.30 crore for the same quarter in the previous year. Total revenue of the company increased by 64.34% at Rs 490.25 crore for Q2FY24 as compared Rs 298.31 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 94.05% rise in its net profit at Rs 107.64 crore for the second quarter ended September 30, 2023 as compared to Rs 55.47 crore for the same quarter in the previous year. Total revenue of the company increased by 65.02% at Rs 533.66 crore for Q2FY24 as compared Rs 323.40 crore for the corresponding quarter previous year.
