Buy IIFL Wealth; target of Rs 2200: Motilal Oswal
Motilal Oswal is bullish on IIFL Wealth recommended buy rating on the stock with a target price of Rs 2200 in its research report dated May 05, 2022.07-05-2022
07-05-2022
IIFL Wealth Management Ltd - 542772 - Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1 Name of Company IIFL Wealth Management Ltd 2 CIN NO. U74140MH2008PLC177884 3 Report filed for FY 2021-2022 Details of the Current block (all figures in Rs crore): 4 2 - year block period (Specify financial years)* 2021-2022, 2022-2023 5 Incremental borrowing done in FY (T)(a) 249.80 6 Mandatory borrowing to be done through debt securities in FY (T) (b) = (25% of a) 62.45 7 Actual borrowing done through debt securities in FY (T)(c) 249.80 8 Shortfall in the borrowing through debt securities, if any, for FY (T - 1) carried forward to FY (T) (d) NIL 8Quantum of (d), which has been met from (c)(e)* NIL 9 Shortfall, if any, in the mandatory borrowing through debt securities for FY (T) { after adjusting for any shortfall in borrowing for FY(T - 1) which was carried forward to FY(T)}(f) = (b) - [(c) - (e)]{ If the calculated value is zero or negative, write 'nil'}* NIL Details of penalty to be paid, if any, in respect to previous block (all figures in Rs crore): 2 - year Block period (Specify financial years)2020-2021, 2021-2022 Amount of fine to be paid for the block, if applicable Fine = 0.2% of {(d) - (e)}#0.00 Name of the Company Secretary :-Rohit BhaseDesignation :-Company Secretary Name of the Chief Financial Officer :- Sanjay Wadhwa Designation : -Chief Financial Officer Date: 06/05/202206-05-2022
IIFL Wealth Management Ltd - 542772 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
In furtherance of our letter dated April 13, 2022, informing the exchanges regarding the earnings conference call in respect of the financial results of the Company for the quarter and year ended March 31, 2022, and pursuant to Regulation 30, read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the audio recording of the earnings conference call held on today, May 5, 2022, is hosted on the website of the Company and is available at https://www.iiflwealth.com/Investor-Relations.05-05-2022
Q4FY22 Quarterly Result Announced for IIFL Wealth Management Ltd.
Other Financial Services firm IIFL Wealth Management declares Q4FY22 result: IIFL Wealth Management Ltd reported a Consolidated Profit After Tax of Rs 168 Crs for the quarter, up 8% QoQ, and 51% YoY, and Rs 582 Crs for FY22, up 58% over FY21. Profit Before Tax stood at Rs 214 Crs for the quarter, up 8% QoQ and 47% YoY, and Rs 751 Crs for FY22, up 55% over FY21. Total Revenues stood at Rs 449 Crs up 7% QoQ and 57% YoY, and Rs 1,535 Crs for FY22, up 46% over FY21. Revenue from Operations stood at Rs 423 Crs up 12% QoQ and 59% YoY, and Rs 1,398 Crs for FY22, up 53% over FY21. Annual Recurring Revenues stood at Rs 252 Crs up 3% QoQ and 57% YoY, and Rs 912 Crs for FY22, up 56% over FY21. The current Geo-Political climate has markets envisioning high inflation and interest rates and raising questions on growth in the short term. This uncertainty has resulted in all asset classes witnessing significant volatility over the last quarter. We remain cautiously optimistic on the India story and therefore our clients continue to maintain a steady balanced asset allocation across portfolios. Our business continues to scale new heights, with AUM growing 33% over FY 21 to Rs 327K Crs; and Net flows of Rs 31K Crs in FY 22. Revenues from Operations are up 53% over FY 21 to Rs 1,398 Crs while Profits after Tax are up 58% over FY 21 to 582 Crs. Recurring Assets are up 42% over FY 21 at Rs 144K Crs, and Recurring Revenues are up 56% over FY 21 at Rs 912 Crs. Recurring Revenues are now 65% of our overall revenues. Retentions are steady with overall retentions at 63 bps and recurring Assets Retention at 73 bps. ROE continues to improve with overall ROE (excluding Goodwill & Intangibles) for FY 22 at 25%. Our Alternates-focused Asset Management business is growing rapidly with AUM increasing 49 % over FY 21 to Rs 55.5K Crs and Revenues increasing 82% over FY 21 to Rs 360 Crs. Retentions are steady at 73 bps. We continue to focus on new areas of growth – expanding geographically, diversifying our alternate asset management strategies; expanding the segment of clients we serve and improving core productivity through implementation of smart technology solutions. Result PDF05-05-2022
IIFL Wealth Management Ltd - 542772 - Outcome Of The Meeting Of The Board Of Directors Of IIFL Wealth Management Limited Held On Wednesday, May 4, 2022
Pursuant to Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI Listing Regulations'), we wish to inform you that the Board of Directors ('Board') of IIFL Wealth Management Limited ('Company') at its meeting held today through audio-visual electronic communication has, inter-alia approved the items as mentioned in the attached outcome.04-05-2022
IIFL Wealth Management Ltd - 542772 - Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors Of IIFL Wealth Management Limited Held On Wednesday, May 4, 2022
Pursuant to Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI Listing Regulations'), we wish to inform you that the Board of Directors ('Board') of IIFL Wealth Management Limited ('Company') at its meeting held today through audio-visual electronic communication has, inter-alia approved the items as mentioned in the attached outcome.04-05-2022
IIFL Wealth appoints Anupama Sharma as executive director of wealth business
According to the company, Sharma will play a key role in the firm's growth strategy of further expanding wealth operations, especially in the West and will report to Yatin Shah, co-founder and joint CEO, IIFL Wealth.03-05-2022
IIFL Wealth Management Ltd - 542772 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
We wish to inform that the Nomination and Remuneration Committee of the Board of Directors of the Company vide resolution passed by circulation on April 21, 2022, has allotted 19,511 (Nineteen Thousand Five Hundred and Eleven) equity shares of face value Rs. 2/- each, to the employees, upon exercise of stock options under Employee Stock Options Scheme(s) of the Company. Consequent to the aforesaid allotment, the issued, subscribed, and paid-up share capital of the Company has increased from 17,74,15,606/- comprising of 8,87,07,803 equity shares of Rs. 2/- each, to Rs. 17,74,54,628/- comprising of 8,87,27,314 equity shares of Rs. 2/- each. Kindly take the same on record and oblige.21-04-2022
Investments in mid-, small-caps need 'through analysis': Umang Papneja
Senior executive of IIFL Wealth Management says companies will feel the impact of Federal Reserve tapering and liquidity tightening.14-04-2022