IIFLIIFL Finance

IIFL Finance's Q2 profit reaches ₹766 crore against ₹735 crore estimate; gross NPA 1.48%

IIFL Finance reported September-quarter consolidated net profit of ₹766 crore on revenue of ₹4,246 crore, ahead of a ₹735 crore estimate cited by both Sahi and ScanX.

Price, Thursday's close₹598.10▲ 0.55%
Last 5 days
52-week low ₹409.1052-week high ₹705.00
Sector
NBFC and gold loans

What happened

  • Consolidated net profit was ₹766 crore against ₹376 crore a year earlier, a rise of 103.72%, according to Sahi. ScanX gave the rise as 93%.
  • Sahi put revenue at ₹4,246 crore against ₹3,300 crore, up 28.67%.
  • Gross NPA improved to 1.48% from 1.55% in the previous quarter and net NPA rose to 0.87% from 0.82%, per Sahi.
  • ScanX reported assets under management of ₹1,24,268 crore, up 38%, driven by gold loans, and pre-provision operating profit of ₹1,355.1 crore, up 31%. The shares closed at ₹598.10 on Thursday, up 0.55%, per Zerodha Kite.

Why it matters

The two outlets differ on the growth rate (103.72% against 93%) but agree on the ₹766 crore profit and the ₹735 crore estimate.

Good to know: Gross NPA is the share of a lender's loans on which repayments are overdue by 90 days or more. Net NPA deducts the provisions set aside against those loans.

Key facts

Net profit
₹766 crore (₹376 crore), per Sahi
Revenue
₹4,246 crore (₹3,300 crore), up 28.67% (per Sahi)
Gross / net NPA
1.48% / 0.87% (per Sahi)
AUM
₹1,24,268 crore, up 38% (per ScanX)

Read the source

This is a summary of public news about IIFL Finance, for information only. It is not a recommendation to buy, sell or hold IIFL.

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