IndoStar Capital Finance completes acquisition of commercial vehicle business of India Infoline Finance
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.
"In FY19, we have strengthened our position in all our core businesses," said IIFL Holdings Chairman Nirmal Jain. "This year, with reorganisation of the group, three businesses namely finance, wealth and securities will get listed independently."
"Wealth business 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.
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, investment banking and realty services.
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