IIFL Securities spurts after two-fold growth in Q4 PAT

By Capital Market9 days ago

IIFL Securities jumped 4.01% to Rs 57.10 after the company reported 107.5% increase in consolidated net profit to Rs 77.31 crore in Q4 FY21 compared with Rs 37.25 crore in Q4 FY20.

Total income during the quarter increased 22.1% year-on-year (YoY) to Rs 256.29 crore. Profit before tax in Q4 FY21 was at Rs 91.58 crore, up by 79.7% from Rs 50.96 crore in Q4 FY20. Current tax expense declined 27.5% to Rs 10.26 crore in the fourth quarter.

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The company reported 5.8% fall in consolidated net profit to Rs 220.33 crore on 2.7% decline in total income to Rs 867.78 crore in the year ended 31 March 2021 over the year ended 31 March 2020.

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