IIFL Finance Q3 FY24 Results Live: Profit Rises by 29.64% YoY
IIFL Finance Q3 FY24 Results Live: Revenue Increased by 34.02% YoY & Profit Increased by 29.64% YoY20-01-2024
20-01-2024
IIFL Finance Ltd - 532636 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
In furtherance of our intimation dated January 10, 2024, we wish to inform that the said Earnings Conference Call was held today i.e. January 18, 2024. The presentation made to the participants has been shared with the Stock Exchanges vide our intimation dated January 17, 2024. 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/IIF2820240118150882.mp3 Kindly take the same on record and oblige.18-01-2024
IIFL Finance Ltd - 532636 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Enclosing copies of Newspaper clippings of the financial results for the quarter and nine months ended December 31, 202318-01-2024
IIFL Finance Q3 net profit at Rs 545.2 crore
The firm has also announced an interim dividend of 4 per share. Shares of IIFL Finance closed 1.85% higher on the BSE at 651.40 on Wednesday.18-01-2024
Q3FY24 Quarterly Result Announced for IIFL Finance Ltd.
Financial Services company IIFL Finance announced Q3FY24 results: For Q3FY24, the company reported a net profit after tax of Rs 545 crore (before non-controlling interest) up 29% YoY. Profit before tax (PBT) for the quarter was Rs 716 crore up 29% YoY. Loan growth in core products was robust – Gold loans and Home loans AUM grew by 35% and 25% YoY respectively. Microfinance grew by 54% while Digital loans and Loan against property grew by 96% and 27% YoY respectively. Overall core loan portfolio grew by 34% YoY. Nirmal Jain, Founder, IIFL Finance, remarked on the financial results: “We continue to grow at a healthy pace, in all core businesses in line with our targets. Our focus on asset quality is unflinching. Our Net NPAs are now below 1%, and GNPAs at lower than 2% are amongst the best in the industry. India is in a sweet spot to capitalize on reforms and growth focus of the government, favorable demographics, and improved global standing. The outlook for the next five years is distinctly sanguine and we are well placed to sustain our strong growth momentum." Kapish Jain, President & Group Chief Financial Officer, of IIFL Finance, commented on the financial results: “Despite healthy CAGR growth in our asset under management of ~ 23% since fiscal 2019, we continue to strengthen our capital position with net gearing at a consolidated level touching a five-year low of 3.3x. This was enabled through healthy internal accruals with expanded margins and asset-light business strategy.” Result PDF17-01-2024
IIFL Finance Ltd - 532636 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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 nine months ended December 31, 2023.17-01-2024
IIFL Finance Ltd - 532636 - Compliances-Reg. 54 - Asset Cover details
Security Cover Certificate for the quarter ended December 31, 2023.17-01-2024
IIFL Finance Ltd - 532636 - Announcement under Regulation 30 (LODR)-Date of payment of Dividend
The Board at its Meeting held today approved interim dividend of Rs. 4 per equity share of the FV of Rs. 2 each for FY 2023-24. The record date for the said purpose is January 25, 2024 and the said interim dividend will be paid on or before February 15, 2024.17-01-2024
IIFL Finance Ltd - 532636 - Corporate Action-Board approves Dividend
The Board at its Meeting held today approved interim dividend of Rs. 4 per equity share of the FV of Rs. 2 each for FY 2023-24.17-01-2024
IIFL Finance Ltd - 532636 - Board Meeting Outcome for Outcome Of The Board Meeting Held On January 17, 2024
Pursuant to Securities and Exchange Board of India ('SEBI') (Listing Obligations and Disclosure Requirements) Regulations, 2015, ('Listing Regulations') (as amended from time to time), the Board of Directors of the Company at their meeting held today, inter-alia considered and approved Interim Dividend of Rs. 4/- per equity share of the face value of Rs. 2/- each for the Financial Year 2023-24.17-01-2024