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IIFL Finance Ltd Q2FY24; 32% rise in Profits

IIFL Finance Ltd is a diversified NBFC in India engaged in the business of loans and mortgages along with its subsidiaries.
It offers a wide spectrum of products such as Home loan, Gold loan, business loan, microfinance, capital market finance and developer & construction finance, etc.

Financial Results:

  • IIFL Finance Ltd reported Revenues for Q2FY24 of ₹2,476.00 Crores up from ₹2,026.00 Crore year on year, a rise of 22.21%.
  • Total Expenses for Q2FY24 of ₹1,850.00 Crores up from ₹1,522.00 Crores year on year, a rise of 21.55%.
  • Consolidated Net Profit of ₹526.00 Crores up 32.49% from ₹397.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹12.45, up 24.62% from ₹9.99 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Finance
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