IIFL Holdings Q3 net profit jumps 41% to Rs 179 cr

IIFL Holdings has reported rise of 41.3 per cent in consolidated net profit to Rs 179.07 crore during third quarter of the current fiscal.
The company had posted a net profit of Rs 126.69 crore in the corresponding period last fiscal.
"Total income (consolidated) has increased to Rs 1,273.68 crore for the quarter ended December 31, 2016 from Rs 984.55 crore for the same quarter of previous fiscal," the company said in a regulatory filing.
On standalone basis, IIFL Holdings' net profit, however, fell by 67.8 per cent to Rs 25.91 crore in October-December period of the current financial year as against Rs 80.45 crore a year ago.

When compared on standalone basis, the total income too decreased by 55.6 per cent to Rs 37.05 crore against Rs 83.53 crore earned in the same period of 2015-16.
The board of directors of the company at the meeting held today declared an interim dividend of Rs 4.50 per equity shares for 2016-17. And has fixed February 3 as the record date for dividend.

"This will entail an outgo of Rs 142.90 crore on account of dividend (excluding dividend distribution tax)," the company said.
IIFL Holdings in engaged in the business of providing fund based activities, financial product distribution and capital market services.

Stock of the company closed 0.70 per cent lower at Rs 283.10 on BSE.