IIFL Holdings’ December quarter consolidated net profit rises 41%
However, on a standalone basis, the company’s net profit fell 67.8% to Rs 25.9 crore and total income fell 55.6% to Rs 37 crore.
By Sanam Mirchandani, ET Bureau |
Mumbai: Diversified financial services firm IIFL Holdings on Wednesday reported a 41.3% rise in consolidated net profit for the December quarter at Rs 179.1 crore from Rs 126.7 crore in the same period last year.
The company’s consolidated total income rose 29.4% from a year ago to Rs 1,270.5 crore.
However, on a standalone basis, the company’s net profit fell 67.8% to Rs 25.9 crore and total income fell 55.6% to Rs 37 crore.
The company’s board declared an interim dividend of Rs 4.50 per equity share for 2016-17.
Net profit for the company’s NBFC operations rose 25% to Rs 112 crore. For the wealth operations, total assets under management, distribution and advice rose 22% from a year ago to Rs 1.06 lakh crore, the company said in a release. Average daily equity market turnover for broking business rose 60% to Rs 8,749 crore during the quarter, it said.
The company’s consolidated total income rose 29.4% from a year ago to Rs 1,270.5 crore.
However, on a standalone basis, the company’s net profit fell 67.8% to Rs 25.9 crore and total income fell 55.6% to Rs 37 crore.
The company’s board declared an interim dividend of Rs 4.50 per equity share for 2016-17.
Net profit for the company’s NBFC operations rose 25% to Rs 112 crore. For the wealth operations, total assets under management, distribution and advice rose 22% from a year ago to Rs 1.06 lakh crore, the company said in a release. Average daily equity market turnover for broking business rose 60% to Rs 8,749 crore during the quarter, it said.
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