IIFL Finance (NSE: IIFL) was founded in 2005 and is headquartered in Mumbai, India. The company operates through a network of over 1,900 branches and more than 10,000 employees across India. The company has a strong presence in rural and semi-urban areas of India, and the company has been expanding its product portfolio and customer base in recent years. The company’s focus on customer service, technology, and innovation has helped it to stay ahead of its competitors in the NBFC space.
In terms of earnings, Revenue from Operations for Q3 FY23 was ₹984.85 crore, a 16% decrease from ₹1,168.61 crore in the same period last year. The third quarter’s other income, which contributed ₹1.43 Crore to the Total Revenue. Meanwhile, the Profit Before Tax improved to ₹212.46 Crore from ₹299.94 Crore from the same quarter previous year. The Consolidated Net Profit was ₹159.03 crore, down 30% from ₹226.32 crore in the same quarter last year. This quarter’s earnings per share was ₹4.16. In the same time period, the company’s Tax Expense decreased down to ₹53.43 Crore from ₹73.62 Crore.
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