 "Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters")
IIFL Holdings surged 12% to Rs 316 on the BSE in intra-day trade after the company reported a strong 62% year on year (YoY) jump in consolidated net profit at Rs 222 crore for the quarter ended December 2016 (Q3FY17). Consolidated income grew 34% at Rs 746 crore on YoY basis.
The company’s NBFC operations, which account nearly half of the total business, recorded 25% YoY growth in net profit at Rs 112 crore. NIM (net interest margin) has improved to 6.4% on the back of superior asset mix at lower yield, decline in funding costs and infusion of equity
The company’s NBFC operations, which account nearly half of the total business, recorded 25% YoY growth in net profit at Rs 112 crore. NIM (net interest margin) has improved to 6.4% on the back of superior asset mix at lower yield, decline in funding costs and infusion of equity
