IIFL Holdings Stock Jumps Nearly 8% Post Q2 Earnings
Shares of fiscal offerings corporation IIFL Holdings today surged just about 8 per cent after the enterprise’s net profit rose 39 percent for the quarter ended September.
The scrip zoomed 7.87 per cent to Rs 306.75 on BSE. On NSE, it surged 7.Sixty-six per cent to Rs 306.Eighty.
IIFL the day prior to this stated its net profit rose 39 per cent to Rs 207.2 crore for the second quarter ended September on strong development in retail lending, amongst others.
It had pronounced a revenue of Rs 148.7 crore for the duration of the July-September quarter of the final fiscal, 2015-16.
Its earnings shot up with the aid of 16 per cent to Rs 666.8 crore within the quarter below evaluate from Rs 574 crore in the identical period 12 months in the past.
IIFL is engaged in the business of financing, asset and wealth administration, capital markets and economic products distribution, investment banking, institutional equities and reality offerings by way of its more than a few subsidiaries.
Image source : vanillanews.com