IIFL Finance Ltd - 532636 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Notice of Postal Ballot under Section 110 of the Companies Act, 2013.03-11-2023
03-11-2023
IIFL Finance share price may see 25% upside, says Jefferies; initiates coverage with Buy' rating
IIFL Finance has strengthened its retail franchise by expanding branches by two times in three years, which is likely to drive 23% asset under management (AUM) CAGR and 26% NII CAGR over FY23-26, according to foreign brokerage Jefferies.30-10-2023
IIFL Finance Ltd - 532636 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript is attached herewith.27-10-2023
IIFL Finance Ltd - 532636 - Announcement under Regulation 30 (LODR)-Change in Directorate
Appointment of Mr. T S Ramakrishnan (DIN: 09515616) as an Additional Non-Executive (Nominee) Director of the Company with effect from October 26, 2023.26-10-2023
IIFL Finance Ltd - 532636 - Announcement under Regulation 30 (LODR)-Newspaper Publication
In furtherance of our intimation dated October 19, 2023, we hereby enclose copy of newspaper clipping of the unaudited Financial Results of the Company for the quarter and half year ended September 30, 2023 published on October 20, 2023 in Navshakti.20-10-2023
IIFL Finance Ltd - 532636 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
In furtherance of our intimation dated October 12, 2023, we wish to inform that the said Earnings Conference Call was held today i.e. October 19, 2023. The presentation made to the participants has been shared with the Stock Exchanges vide our intimation dated October 18, 2023. The recording of the Earnings Conference Call has been hosted on the website of the Company i.e. https://storage.googleapis.com/iifl-finance-storage/files/investor/financials/IIFL%20Finance%20-%20Q2FY24%20Earning%20call%20recording.mp3 Kindly take the same on record and oblige.19-10-2023
IIFL Finance Ltd - 532636 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 30 and 47 of the SEBI (LODR) Regulations, 2015, we hereby enclose copies of newspaper clippings of the Financial Results of the Company for the quarter and half year ended September 30, 2023 published on October 19, 2023 in Financial Express and The Free Press Journal.19-10-2023
IIFL Finance Ltd - 532636 - Announcement under Regulation 30 (LODR)-Change in Management
Appointment of Mr. Abhiram Bhattacharjee as chief of staff w.e.f. October 18, 2023.18-10-2023
Q2FY24 Quarterly Result Announced for IIFL Finance Ltd.
Financial Services company IIFL Finance announced Q2FY24 results: For Q2FY24, the company reported a net profit after tax of Rs 526 crore (before non-controlling interest) up 32% YoY. Profit before tax (PBT) for Q2FY24 was Rs 684 up 29% YoY. Loan growth in core products was robust – Gold loans and Home loans AUM grew by 33% and 22% YoY respectively. Microfinance grew by 67% while Digital loans and loans against property grew by 77% and 21% YoY respectively. Overall core loan portfolio grew by 34% YoY. The company’s annualized ROE and ROA for Q2FY24 stood at 20.1% and 3.9% respectively. Pre-provision operating profit stood at Rs 922 crore for the quarter up 41% YoY. Average borrowing costs for the quarter increased 40 bps YoY and are down by 6 bps QoQ to 9.0%. Nirmal Jain, Founder, IIFL Finance, remarked on the financial results, “The financial results for the quarter vindicate our strategy focused on retail loans to relatively under-banked customer segments and in credit under-penetrated geographies. We have been at the forefront of digital technology and are very excited to see the unprecedented opportunities emerging from the digital infrastructure our country has put in place and advancements in machine learning and artificial intelligence. We are at the cusp of revolutionary changes in the lending ecosystem. We are making the requisite investments in human and technology resources to tap the potential of retail lending in India." Kapish Jain, President & Group Chief Financial Officer, IIFL Finance, commented on the financial results, “With increasing market share we are firmly positioning ourselves as a dominant player in most of the core retail segments we operate in. With growth, we continue to gain benefits of scale both in our sales team and business operations thus reducing our operating expense to average AUM." Result PDF18-10-2023