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24-Jul2017

IIFL Holdings soars on reporting 44% jump in Q1 consolidated net profit

IIFL Holdings is currently trading at Rs. 605.15, up by 18.30 points or 3.12% from its previous closing of Rs. 586.85 on the BSE.

The scrip opened at Rs. 617.00 and has touched a high and low of Rs. 617.00 and Rs. 596.75 respectively. So far 54570 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 629.00 on 07-Jun-2017 and a 52 week low of Rs. 229.00 on 15-Nov-2016.

Last one week high and low of the scrip stood at Rs. 617.00 and Rs. 578.20 respectively. The current market cap of the company is Rs. 19241.05 crore.

The promoters holding in the company stood at 29.05%, while Institutions and Non-Institutions held 24.25% and 46.69% respectively.

IIFL Holdings has reported around 25-fold jump in its net profit at Rs 19.63 crore for the quarter under review as compared to Rs 0.79 crore for the same quarter in the previous year. Total revenue of the company surged over 7-fold at Rs 34.41 crore for Q1FY18 as compared to Rs 4.60 crore for the corresponding quarter previous year.

On consolidate basis, the company has reported 44.02% rise in its net profit after tax, minority interest and share of profit at Rs 198.09 crore for the quarter ended June 30, 2017 as compared to Rs 137.54 crore for the corresponding quarter in the FY17. Total consolidated total revenue of the company increased by 43.46% at Rs 1478.46 crore for quarter under review as compared to Rs 1030.55 crore for the same quarter in the previous year.



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