IIFL Finance declares Q4FY22 result: IIFL Finance FY22 profits at Rs.1,188 crores, up 56% YoY, and Q4FY22 profits at Rs. 321 crores, up 30% YoY Healthy rise in net profit for FY22 at Rs 1,188 Cr, up 56% YoY; and for Q4FY22 at Rs 321 Cr, up 30% YoY Strong loan asset growth of 15% YoY to 51,210 Cr, despite Covid interruptions during the year, was contributed by core products of home loan, gold loan and microfinance loan. Liquidity (free cash, equivalent and undrawn lines) at Rs 9,499 Cr, is adequate to meet near term obligations as well as planned growth in loan book. Digital initiative gained impressive traction with DIY loan disbursement doubling QoQ for MSME loans to Rs 265 Cr and 100% of home loan processing becoming paperless. RoE stood at 20.6% p.a for FY22, despite huge investment in expansion, driven by improved productivity of operating and financial assets. Mr Nirmal Jain, Managing Director, IIFL Finance Ltd., commented on the financial results: “FY22 was a watershed year for us as we made big strides in our physical branch network as well as in expansion of digital footprint. We are pleased to report sustained healthy profit growth. Our return on equity of above 20% p.a. is amongst the best in the industry. We are looking at major digital transformation with focus on digital DIY loans. We have invested aggressively in branch network, people and technology in FY22, paving the way for accelerated growth in next 2-3 years.” Result PDF