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IIFL Holdings Stock Jumps Nearly 8% Post Q2 Earnings

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IIFL Holdings Stock Jumps Nearly 8% Post Q2 Earnings

New Delhi: Shares of financial services firm IIFL Holdings today surged nearly 8 per cent after the company's net profit rose 39 per cent for the quarter ended September. 

The scrip zoomed 7.87 per cent to Rs 306.75 on BSE. On NSE, it surged 7.66 per cent to Rs 306.80. 

IIFL yesterday said its net profit rose 39 per cent to Rs 207.2 crore for the second quarter ended September on robust growth in retail lending, among others. 

It had reported a profit of Rs 148.7 crore during the July-September quarter of the last fiscal, 2015-16. 

Its income shot up by 16 per cent to Rs 666.8 crore in the quarter under review from Rs 574 crore in the same period year-ago. 

IIFL is engaged in the business of financing, asset and wealth management, capital markets and financial products distribution, investment banking, institutional equities and realty services through its various subsidiaries.



(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)


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