IIFL Securities Q2FY21 consolidated PAT surges to Rs. 50.92 crore

IIFL Holdings Limited has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.218.22 crores during the period ended September 30, 2020 as compared to Rs.178.28 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.50.92 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.41.49 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.1.59 for the period ended September 30, 2020 as compared to Rs.1.29 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 218.22 crs	₹ 178.28 crs	22.4%
Net Profit	₹ 50.92 crs	₹ 41.49 crs	22.73%
EPS	₹ 1.59	₹ 1.29	23.26%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.218.22 crores during the period ended September 30, 2020 as compared to Rs.184.85 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.50.92 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.24.85 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.1.59 for the period ended September 30, 2020 as compared to Rs.0.78 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 218.22 crs	₹ 184.85 crs	18.05%
Net Profit	₹ 50.92 crs	₹ 24.85 crs	104.91%
EPS	₹ 1.59	₹ 0.78	103.85%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.396.51 crores during the 6 months period ended September 30, 2020 as compared to Rs.369.88 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.92.42 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.150.22 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.2.88 for the 6 months period ended September 30, 2020 as compared to Rs.4.70 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 396.51 crs	₹ 369.88 crs	7.2%
Net Profit	₹ 92.42 crs	₹ 150.22 crs	-38.48%
EPS	₹ 2.88	₹4.70	-38.72%

Mr. R. Venkataraman, Managing Director, commented on the financial results: "Our customer acquisition efforts are yielding results. We continue to invest in technology and mobile platforms to maximize customer experience. With the lockdown getting lifted and the macroeconomic environment gradually improving, the outlook for the sector continues to remain sanguine."

During FY 2019-20, IIFL Facilities Services Limited, a wholly owned subsidiary of company, has sold one of its property, i.e., IIFL Center, situated at Kamala Mills compound, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013 to IIFL Wealth Management Limited and the same has resulted into an exceptional profit on 10,171.93 lakhs.

Shares of IIFL Securities Limited was last trading in BSE at Rs. 37.25 as compared to the previous close of Rs. 37.35. The total number of shares traded during the day was 30759 and the deliverable quantity was 26038.

The stock hit an intraday high of Rs. 37.95 and intraday low of Rs. 36.85.

Source : Equity Bulls

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