IIFL Holdings rose 4.03% to Rs 295.80 at 12:16 IST on BSE after consolidated net profit rose 30% to Rs 183.10 crore on 25% increase in total income to Rs 1216.10 crore in Q2 September 2016 over Q2 September 2015.
The result was announced after market hours yesterday, 26 October 2016.Meanwhile, the BSE Sensex was down 120.80 points, or 0.43%, to 27,715.71.
On BSE, so far 36,000 shares were traded in the counter, compared with average daily volume of 49,670 shares in the past one quarter. The stock hit a high of Rs 301.25 and a low of Rs 290.75 so far during the day. The stock hit a 52-week high of Rs 312.20 on 5 August 2016. The stock hit a 52-week low of Rs 163.50 on 29 February 2016. The stock had outperformed the market over the past 30 days till 26 October 2016, rising 2.51% compared with 1.37% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 13.65% as against Sensex's 1.32% decline.
The mid-cap company has equity capital of Rs 63.42 crore. Face value per share is Rs 2.
IIFL Holdings' consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose 37% to Rs 859.80 crore in Q2 September 2016 over Q2 September 2015.
Loan assets under management in non-banking financial company (NBFC) operations rose 22% to Rs 20474 crore in Q2 September 2016 over Q2 September 2015.
Total wealth assets grew 29% to Rs 100396 crore in Q2 September 2016 over Q2 September 2015.
Nirmal Jain, Chairman, IIFL Holdings, said the company is pleased to report an all round healthy profit growth in core businesses, with return on equity close to 21%. Retail lending, the dominant business continues to witness robust growth and strategic focus is on progressive digital delivery of loans. Wealth management and Capital market businesses are on long term growth trajectory and focus is customer centricity.
IIFL Holdings is the apex holding company of the entire IIFL Group. It offers a gamut of services including financing, wealth and asset management, broking, financial product distribution, investment banking, institutional equities, realty and property advisory services through its various subsidiaries.
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