Business & Investment

IIFL Securities Q2 PAT up 41% to 72.1-cr rupees

IIFL Securities reported on Thursday that after-tax profit (PAT) rose 41% to reach Rs. 72.1 in the three months to September 2021.

In comparison, the company posted a PAT of Rs 50.91 during the same period of the previous fiscal year, IIFL Securities said in a statement.

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Gross revenue for the quarter increased 46% to 318.4 rupees from 218.2 rupees in the second quarter, which ended on September 30, 2020.

Our customer acquisition efforts have shown good results in the retail sector. For the investment banking sector, it was a good quarter with eight transactions completed. Our trading pipeline will continue to be strong in the coming months. “

The company’s assets under management exceeded Rs 1.18, an increase of 257 percent from the same period before the fiscal year.

IIFL securities play an important role in both the retail sector of capital markets and institutional investors. Together with its subsidiaries, the company provides advisory and brokering services, financial product distribution, institutional research and investment banking services.



IIFL Securities Q2 PAT up 41% to 72.1-cr rupees

https://www.zeebiz.com/market-news/news-iifl-securities-q2-pat-up-41pc-to-rs-721-cr-168446 IIFL Securities Q2 PAT up 41% to 72.1-cr rupees

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