Buy IIFL Finance, target price Rs 800: Motilal Oswal

Motilal Oswal has buy call on IIFL Finance with a target price of Rs 800. The current market price of IIFL Finance Ltd. is Rs 645.

IIFL Finance Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 24188.75 Crore) operating in NBFC sector.

IIFL Finance Ltd. key Products/Revenue Segments include Interest, Income From Financial Services, Income From Sale Of Share & Securities, Dividend and Fees & Commission Income for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 2533.73 Crore, up 6.88 % from last quarter Total Income of Rs 2370.70 Crore and up 23.51 % from last year same quarter Total Income of Rs 2051.44 Crore. Company reported net profit after tax of Rs 525.52 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 24.81 per cent stake in the company as of 30-Sep-2023, while FIIs owned 28.31 per cent, DIIs 7.3 per cent.