IIFL Quant Fund NFO review: Should you invest?
The IIFL Quant Fund will stick to a 3 percent limit on each stock10-11-2021
10-11-2021
IIFL Quant Fund NFO opens
IIFL Asset Management on Monday launched IIFL Quant Fund. The fund aims to invest in quality stocks that show secular growth or defensive characteri08-11-2021
Nirmal Jain's important investment advice for retail investors
Retail investors should stick to largecap stocks or mutual funds, says Nirmal Jain of IIFL, adding that e-commerce firms are high-risk high-reward game and one should be cautious.31-10-2021
IIFL Finance Ltd - 532636 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 30 and 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby enclose copies of newspaper clipping of the unaudited Financial Results of the Company for the quarter and half year ended September 30, 2021 published on October 28, 2021 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 above on record and oblige.28-10-2021
IIFL Finance Ltd - 532636 - Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)
This is in reference to our earlier intimation dated October 27, 2021 for the submission of press release and presentation on the unaudited financial results. Kindly note that in slide no. 16 the Tier 1 Capital Adequacy Ratio ('CAR') of IIFL Home Finance Limited ('IFHL') has changed. Accordingly, the Tier 1 CAR of IFHL should be read as 21.1% instead of 19.7% and total CAR of IFHL should be read as 30.7% instead of 29.4% Please find attached the revised presentation to be made to the Investors/Analysts on the unaudited Financial Results of the Company for the quarter and half year ended September 30, 2021. The same has also been made available on the website of the Company, i.e. www.iifl.com. Kindly take above on record and oblige.28-10-2021
IIFL Finance reports 37% rise in second quarter profit at Rs 291.6 cr
The non-banking finance company said it has made an aggressive bet on growth, with an almost 15 per cent net increase in manpower strength in the last quarter27-10-2021
Q2FY22 Quarterly Result Announced for IIFL Finance Ltd.
IIFL Finance reports half yearly profit of Rs. 557 crores, up 128% YoY, quarterly profits at Rs. 292 crores, up 37% YoY Highlights: Profit growth momentum- H1FY22 up 128% y-o-y; Q2FY22- up 37% y-o-y Net profit grew 128% y-o-y in H1FY22 (6 months) to Rs557 Cr. The quarterly net profit was Rs292 Cr, up 37% y-o-y and 10% q-o-q Loan AUM grows to Rs44,249 Cr, up 8% y-o-y and up 3% q-o-q IIFL loan assets under management grew 8% y-o-y, driven by sustained growth in home loan and gold loan businesses Liquidity comfort at all-time high at Rs6,379 Cr As at September 2021, Free cash, equivalent and undrawn lines were Rs6,379 Cr, adequate to meet not only all near term liabilities but also to fund the growth momentum Betting on growth- Added 4000 employees in H1FY22 IIFL added 4000 employees in H1FY22, including 2700 in Q2FY22 itself. Commenced 230 new branches in Q2FY22. Also aggressive investment in technology and branding continues, betting on growth in next 2/3 years. Maintaining RoE above 20% p.a., whilst funding growth Notwithstanding large investment in growth causing spike in operating costs, our RoE remained above 20.0% and ROA above 2.5%. With ongoing expansion, operating cost grew 23% q-o-q Mr Nirmal Jain, Chairman, IIFL Finance Ltd., commented on the financial results: “We have made aggressive bet on growth, with almost 15% net increase in manpower strength in the last quarter itself. Besides, we have accelerated investment in technology and branding. Our co-lending proposition is getting very positive response from banks. Our strategy of focusing on small ticket retail loan assets with extensive use of digital technology and partnering with banks for co-lending, is vindicated by robust profit growth.” Result PDF27-10-2021
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 Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2021 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.27-10-2021
IIFL Finance Ltd - 532636 - Outcome Of The Board Meeting Held On October 27, 2021
Pursuant to the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), the Board of Directors of the Company at their meeting held today, inter-alia, considered and approved the Standalone and Consolidated Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2021; The results have been uploaded on the Stock Exchange websites at https://www.nseindia.com and https://www.bseindia.com and on the website of the Company at http://www.iifl.com The Meeting of Board of Directors commenced at 10.00 a.m. and concluded at 1:10 p.m.27-10-2021
IIFL Finance Ltd - 532636 - Board Meeting Outcome for Outcome Of The Board Meeting Held On October 27, 2021
Pursuant to the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), the Board of Directors of the Company at their meeting held today, inter-alia, considered and approved the Standalone and Consolidated Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2021 The results have been uploaded on the Stock Exchange websites at https://www.nseindia.com and https://www.bseindia.com and on the website of the Company at http://www.iifl.com The Meeting of Board of Directors commenced at 10.00 a.m. and concluded at 1:10 p.m.27-10-2021