Nirmal Jain Iifl

IIFCL FY25 results: Net profit soars 39% to record of ₹2,165 crore

India Infrastructure Finance Company Limited (IIFCL) on Thursday reported a 39 per cent jump in net profit to Rs 2,165 crore for the fiscal ended in March 2025 on account of improvement in core income. The state-owned infrastructure finance company had earned a net profit of Rs 1,552 crore in the previous fiscal. The company recorded its all-time high performance, for the fifth year in a row with record Profit Before Tax (PBT) of Rs 2,776 crore, recording a growth of 37 per cent over the previous year's PBT of Rs 2,029 crore, IIFCL managing director PR Jaishankar said while announcing annual financial numbers. The net profit rose by 39 per cent to Rs 2,165 crore in 2024-25 compared to Rs 1,552 crore in 2023-24, and a 42-time increase over 2019-2020, he said. The company continued to add value as its net worth rose by 15 per cent to Rs 16,395 crore in FY'25 from Rs 14,266 crore in the preceding fiscal, thereby increasing capacity for IIFCL to lend more to infrastructure projects wit

Sebi's Buch in Hindenburg's firing line: How will markets react on Monday?

Analysts believe that these statements are mere allegations, which, at best, can trigger a knee-jerk reaction in the markets when they open for trade on Monday

IIFL Finance Q4 results: Consolidated net profit falls 6% to Rs 431 cr

IIFL Finance on Sunday reported a 6 per cent decline in consolidated net profit to Rs 431 crore for the March quarter as the RBI barred the financial services firm from undertaking gold loan business. The company had earned a net profit of Rs 458 crore in the same quarter a year ago. The Reserve Bank of India (RBI) on March 4 barred IIFL Finance Ltd from disbursing gold loans, with immediate effect following multiple supervisory concerns, including serious deviations in assaying and certifying the purity of the yellow metal. Its consolidated total income during January-March 2024 rose to Rs 2,922 crore as compared with Rs 2,276 crore in the year-ago period, IIFL Finance said in a regulatory filing. Interest income of IIFL Finance offers a range of loans and mortgages increased to Rs 2,720 crore during the quarter, as against Rs 2,058 crore in the year-ago period. During the quarter, the gross non-performing assets (NPAs) increased to 2.3 per cent as against 1.8 per cent at the end

IIFL Finance's lending partners mull options to grow gold loan book

This follows the Reserve Bank of India's (RBI's) restrictions on non-banking financial companies (NBFCs) from engaging in gold loan business

IIFL Finance not looking to convert into bank at this point: MD Nirmal Jain

India's economic environment is positive and liquidity has become 'fairly benign', he says

IIFL Finance shares frozen at 10% upper circuit as promoter hikes stake

Nirmal Bhanwarlal Jain bought an additional 454,000 equity shares of IIFL Finance on Wednesday

Flight to safety and quality has been investment mantra: IIFL's Nirmal Jain

Foreign portfolio investors, remain 'neutral' on India and that does not expect any material change in their flows for now, says the IIFL chairman

We will double our businesses in less than three years: Nirmal Jain of IIFL

At a time when the IIFL is planning to reorganise and restructure its businesses, Jain shares vision, challenges and opportunities

Markets can correct up to 15% from current level: IIFL chairman Nirmal Jain

Jain says long-term outlook for the Indian economy and markets is undoubtedly very positive and the country's rise is unstoppable