The scrip zoomed 7.87 per cent to Rs 306.75 on BSE.
On NSE, it surged 7.66 per cent to Rs 306.80.
IIFL yesterday said its net profit rose 39 per cent to Rs 207.2 crore for the second quarter ended September on robust growth in retail lending, among others.
It had reported a profit of Rs 148.7 crore during the July-September quarter of the last fiscal, 2015-16.
Its income shot up by 16 per cent to Rs 666.8 crore in the quarter under review from Rs 574 crore in the same period year-ago.
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