Buy IIFL Finance, target price Rs 800: Motilal Oswal

Motilal Oswal has buy call on IIFL Finance Ltd. with a target price of Rs 800. The current market price of IIFL Finance Ltd. is Rs 610.55.

IIFL Finance Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 23222.47 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 31-12-2023, the company has reported a Consolidated Total Income of Rs 2694.36 Crore, up 6.34 % from last quarter Total Income of Rs 2533.73 Crore and up 25.64 % from last year same quarter Total Income of Rs 2144.56 Crore. Company has reported net profit after tax of Rs 545.19 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 24.79 per cent stake in the company as of 31-Dec-2023, while FIIs owned 31.27 per cent, DIIs 8.27 per cent.