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IIFL Holdings reports 30 pc jump in Q4 profit at Rs 373 crore


Diversified group on Wednesday reported 30 per cent jump year-on-year profit after tax at Rs 373 crore during January to March 2018-19.

For the entire financial year, the profit after tax was Rs 1,253 crore, marking an increase of 23 per cent in the year-on period.

The consolidated income was Rs 1,276 crore for the quarter, up 32 per cent, and Rs 4,305 crore for the year, up 16 per cent year-on-year.

While loan assets under management in the NBFC (company) increased 29 per cent to Rs 34,904 crore, wealth assets moved up 28 per cent to Rs 1.69 lakh crore.

"In FY19, we have strengthened our position in all our core businesses," said "This year, with reorganisation of the group, three businesses namely finance, wealth and securities will get listed independently."

Jain said the has grown strongly with improved margins despite sector headwinds, leveraging the company's strong and

"Wealth is leading the industry with its decisive move towards advisory model. Securities business prospects are linked to capital market activities and have strong fundamentals," he said in a statement.

is headquartered in with overseas offices in London, New York, Toronto, Geneva, Hong Kong, Dubai, and

It offers a gamut of services to more than 40 lakh customers across various business segments: loans and mortgages, asset and wealth management, retail and institutional broking, and

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 15 2019. 13:18 IST