Capital Markets company IIFL Capital Services announced Q3FY25 results Total income for the quarter grew 11% YoY to Rs 646.4 crore and the growth was principally led by a continued acceleration in investment banking segment and higher other income. Total brokerage revenue was down by 15% on YoY to Rs 228 crore. Lower share of block placements was the key reasons for the decline. Investment Banking revenues were up 60% on YoY to Rs 88 crore. Fourteen deals were consummated during the quarter ended on December 31, 2024. Financial products distribution (FPD) revenues was up by 7% on YoY to Rs 107 crore. FPD AUM stood at Rs 30,457 crore. Other income was up 172% YoY primarily due to MTM gains and profits earned on sale of a property. Profit after tax was up 31% YoY to Rs 197.2 crore. As at end December 2024, distribution & custody assets under management stood at Rs 2,44,810 crore. The Board of Directors have declared an interim dividend of Rs 3 per equity share having face value of Rs 2 each for the financial year 2024-25. The Company has fixed the record date as February 17, 2025 for this purpose. R. Venkataraman, Chairman, said: “In Q3FY25, Investment Banking division delivered a stellar performance. Our pipeline remains reasonably good. Broking had a soft quarter due to regulatory changes and lower share of block trades. We saw continued ramp up in hiring for our wealth management division and we expect the division to be fully staffed in the next few months. An expected scale up in the wealth management business in the coming quarters will help us recalibrate our revenues towards a higher share of annuity type revenues.” Result PDF