Capital Markets company IIFL Securities announced Q4FY24 & FY24 results: Total Income stood at Rs 704.4 crore for the quarter (up 74% YoY) and Rs 2,231.3 crore for the year (up 63% YoY) Total Comprehensive Income stood at Rs 180.4 crore for the quarter (up 109% YoY) and Rs 512.1 crore for the year (up 106% YoY) Assets under management and custody stood at Rs 1,88,311 crore R. Venkataraman, Chairman, IIFL Securities commented on the financial results, “In FY 24, we reported an all-time high net profit of Rs 512 crore. We witnessed strong growth in all our business segments. Our Institutional broking and Investment banking franchise has significantly improved their competitive position with stellar operating performance. Indian capital market businesses will continue to witness secular growth given multiple tailwinds over the next decade.” Result PDF
Capital markets firm IIFL Securities announced Q3FY24 results: Financial Highlights: Total Income: For the quarter: Rs 582.3 Crore (up 68% YoY) For the nine months: Rs 1,526.9 Crore (up 58% YoY) Profit Before Tax (PBT): For the quarter: Rs 203.2 Crore (up 139% YoY) For the nine months: Rs 445.2 Crore (up 101% YoY) Total Comprehensive Income (TCI): For the quarter: Rs 150.4 Crore (up 134% YoY) For the nine months: Rs 331.7 Crore (up 105% YoY) Assets Under Management and Custody: Stood at Rs 1,81,582 Crore Broking Business: Average Daily Market Turnover: Rs 2,71,309 Crore from both BSE and NSE (up 73% YoY, 9% quarter-over-quarter) Total Brokerage Revenue: Rs 267.5 Crore for the quarter (up 73% YoY) FPD Assets Under Management (AUM): Rs 24,074 Crore Insurance Premium: Rs 162.7 Crore for the nine months (up 5% YoY) Mutual Fund AUM: Rs 9,611 Crore (up 26% YoY) Systematic Investment Plan (SIP) AUM: Grew to Rs 2,623 Crore (up 46% YoY) Investment Banking: Completed 17 deals in Q3FY24 across various segments, indicating a robust pipeline and position for segment growth Recent Updates: Reevaluation and withdrawal of the Scheme of Arrangement with 5paisa Capital Limited. In-principle board approval for evaluating divestment options of real estate properties held in subsidiaries. Mr. R. Venkataraman, Chairman & Managing Director, stated, "We are pleased to report strong quarterly profit growth, driven primarily by investment banking. Capital market activity remains high, which is positive for us." Result PDF
Capital Markets company IIFL Securities announced Q2FY24 results: 1. Financial Performance: - Total Income for the quarter stood at Rs 533.7 crore, reflecting a 65% YoY growth. - Total Comprehensive Income for the quarter was Rs 107.4 crore, showing a 94% YoY increase. - Assets under management and custody stood at Rs 1,69,822 crore. - The Profit Before Tax for the quarter was Rs 139.5 crore, marking an 85% YoY growth. 2. Broking Business: - IIFL Securities witnessed strong growth in both retail and institutional broking segments. - Average daily market turnover (including F&O;) for the broking business increased by 84% YoY. - Total brokerage revenue for the quarter was Rs 270.6 crore, reflecting a 66% YoY growth. 3. Financial Products Distribution (FPD): - FPD's Assets under Management (AUM) stood at Rs 22,471 crore. - Mutual Fund AUM grew by 16% YoY and reached Rs 8,587 crore. - SIP AUM increased by 34% YoY and recorded Rs 2,287 crore. 4. Investment Banking: - The investment banking segment completed 17 deals across capital markets, debt advisory, and private equity. - Notable completed transactions include QIP for Union Bank and Brookfield REIT, IPO for Updater Services Limited and Yatra Online, and Private Equity for FundsIndia. - The deal pipeline remains robust. 5. Appointment of Mr. Nemkumar H as a Whole-Time Director: - Mr. Nemkumar H has been appointed as a Whole-Time Director of the Company, subject to regulatory and shareholders' approval. - He brings extensive experience in institutional equities, investment banking, and equity analysis. - Mr. Nemkumar H's appointment is expected to strengthen the company's leadership and growth prospects. R. Venkataraman, Chairman & Managing Director, IIFL Securities commented, "We are pleased to report a strong growth for the quarter with all business segments gaining momentum. Our investment banking segment completed 17 transactions including one M&A; transaction. Deal pipeline is also strong." Result PDF