IIFL Wealth Management Limited (NSE: 360ONE) is a leading provider of wealth management services in India. The company offers a wide range of services, including investment advisory, portfolio management, financial planning, and family office solutions, to high net worth individuals, families, and corporate clients. IIFL Wealth Management operates a multi-channel distribution model, with a network of over 150 relationship managers and advisors across India.
In terms of earnings, Revenue from Operations for Q3 FY23 was ₹415 crore, a 10% increase from ₹378 crore in the same period last year. The third quarter’s Transactional/Brokerage Income, which contributed ₹139 Crore to the Total Revenue. Meanwhile, the Profit Before Tax improved to ₹223 Crore from ₹198 Crore from the same quarter previous year. The Consolidated Net Profit was ₹180 crore, up 16% from ₹115 crore in the same quarter last year. This reported a dividend of ₹17 for this quarter.