IIFL Securities Q1 PAT drops 67% to Rs 41.5 cr; total income down 4%

IIFL Securities on Monday reported a 67 per cent plunge in profit after tax (PAT) to Rs 41.5 crore for the three months ended June 30, 2020.

In comparison, the company had posted a PAT of Rs 125.4 crore in the year ago period, IIFL Securities said in a statement.

Total income stood at Rs 178.3 crore for the quarter under review, down 4 per cent from Rs 185 crore reported in the April-June period of 2019-20.

The company's assets under management stood at Rs 29,289 crore in the first quarter of this fiscal, an increase of 6 per cent