IIFL Finance, Open Financial Tech joint venture to float neo-bank
Will cater to banking, credit requirements of MSMEs03-05-2022
03-05-2022
IIFL Finance Ltd - 532636 - Outcome Of The Board Meeting Held On May 02, 2022
Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 , the Board of Directors of the Company at its meeting, held on May 02, 2022, inter-alia considered and approved the following: 1. Joint Venture with Open Financial Technologies Private Limited for the purposes of offering neo-banking services to consumers and micro enterprises and retail customers including lending, investment, and wealth management services to certain target groups. The Company on May 02, 2022 also executed a Joint Venture Agreement with Open Financial Technologies Private Limited. 2. With respect to the said Joint Venture, incorporation of a Wholly Owned Subsidiary Company in the name and style "IIFL Open Fintech Private Limited" or such other name as may be approved by the Central Registration Centre and/or Ministry of Corporate Affairs. Kindly take the above on record and oblige.03-05-2022
IIFL Finance Ltd - 532636 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to the Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, we would like to inform you the attached schedule of Analysts/Institutional Investor Meeting. Note: Attached Schedule is subject to change due to any exigencies. The information already in public domain will be provided to the investors/ analysts. Kindly take the same on record and oblige.02-05-2022
Open raises series D funding from IIFL, existing investors; becomes unicorn
After a gap of almost a month, India's startup ecosystem added another unicorn02-05-2022
IIFL Finance Ltd - 532636 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
In furtherance of our intimation dated April 26, 2022, we wish to inform that the said Earnings Call was held today i.e. April 29, 2022. The presentation made to the participants has also been shared with the Stock Exchanges vide our letter dated i.e. April 28, 2022. The recording of the Earnings Call has been hosted on the website of the Company i.e. https://storage.googleapis.com/iifl-finance-storage/files/investor/financials/IIFL_Finance_Earnings_Call_Recording_Q4FY22.mp3 Kindly take the same on record and oblige.29-04-2022
IIFL Finance Ltd - 532636 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby enclose copies of newspaper clipping of the Financial Results of the Company for the quarter and year ended March 31, 2022 published on April 29, 2022 in Free Press Journal (in English newspaper) and Navshakti (in Marathi newspaper). The Newspaper publication can also be accessed on the website of the Company, i.e. www.iifl.com. Kindly take the same on record and oblige.29-04-2022
Q4FY22 Quarterly Result Announced for IIFL Finance Ltd.
IIFL Finance declares Q4FY22 result: IIFL Finance FY22 profits at Rs.1,188 crores, up 56% YoY, and Q4FY22 profits at Rs. 321 crores, up 30% YoY Healthy rise in net profit for FY22 at Rs 1,188 Cr, up 56% YoY; and for Q4FY22 at Rs 321 Cr, up 30% YoY Strong loan asset growth of 15% YoY to 51,210 Cr, despite Covid interruptions during the year, was contributed by core products of home loan, gold loan and microfinance loan. Liquidity (free cash, equivalent and undrawn lines) at Rs 9,499 Cr, is adequate to meet near term obligations as well as planned growth in loan book. Digital initiative gained impressive traction with DIY loan disbursement doubling QoQ for MSME loans to Rs 265 Cr and 100% of home loan processing becoming paperless. RoE stood at 20.6% p.a for FY22, despite huge investment in expansion, driven by improved productivity of operating and financial assets. Mr Nirmal Jain, Managing Director, IIFL Finance Ltd., commented on the financial results: “FY22 was a watershed year for us as we made big strides in our physical branch network as well as in expansion of digital footprint. We are pleased to report sustained healthy profit growth. Our return on equity of above 20% p.a. is amongst the best in the industry. We are looking at major digital transformation with focus on digital DIY loans. We have invested aggressively in branch network, people and technology in FY22, paving the way for accelerated growth in next 2-3 years.” Result PDF29-04-2022
IIFL Finance net profit rises 30% to Rs 321 crore in March quarter
IIFL Finance on Thursday reported a 30 per cent growth in net profit to Rs 321 crore for the March quarter, driven by strong loan sales and lower provisioning for impaired assets.28-04-2022
IIFL Finance Ltd - 532636 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the press release and presentation to be made to the Investors/Analysts on the Audited Financial Results of the Company for the quarter and year ended March 31, 2022 as follows: 1. Press Release - Annexure 1. 2. Presentation - Annexure 2. The same has also been made available on the website of the Company, i.e. www.iifl.com. Kindly take the same on record and oblige.28-04-2022