IIFL Finance reports 43% rise in Q4 consolidated net profit

27 Apr 2023 Evaluate

IIFL Finance has reported results for fourth quarter (Q4) and year ended March 31, 2023.

IIFL Finance has reported 16.69% rise in its net profit at Rs 269.15 crore for the quarter under review as compared to Rs 230.66 crore for the same quarter in the previous year. Total income of the company increased by 1.13% at Rs 1,092.04 crore for Q4FY23 as compared to Rs 1,079.87 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported rise of 42.56% in its net profit at Rs 457.55 crore for fourth quarter ended March 31, 2023 as compared to Rs 320.96 crore for the same quarter in the previous year. Total income of the company increased by 17.74% at Rs 2,276.01 crore for Q4FY23 as compared to Rs 1,933.02 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported 8.05% rise in its net profit at Rs 805.49 crore as compared to Rs 745.48 crore for the previous year. However, total income of the company decreased by 0.44% at Rs 4,088.69 crore for year under review as compared to Rs 4,106.60 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 35.29% rise in its net profit at Rs 1,607.55 crore as compared to Rs 1,188.25 crore for the previous year. Total income of the company increased by 20.27% at Rs 8,447.11 crore for year under review as compared to Rs 7,023.61 crore for year ended March 31, 2022.

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