IIFL Group

Financial services firm provides services and solutions to asset managers and corporate issuers

KFin Technologies was initially looking to launch a Rs 2,400-crore IPO but now, it has reduced the issue size to Rs 1,500 crore to align with market conditions

But valuations have turned attractive after sharp corrections since January

Competitive pressures, valuations cap gains from current levels

The company says it manages over Rs 3.3 trillion through its various mutual fund, PMS, AIF and other products

IIFL Finance on Wednesday reported a 36 per cent rise in its consolidated net profit at Rs 397 crore in the September quarter. The non-banking finance company had posted a net profit of Rs 292 crore in the same quarter of the preceding fiscal year. The company's total income during the July-September period of 2022-23 rose to Rs 2,051.44 crore as against Rs 1,713.37 crore in the year-ago period, it said in a regulatory filing. The consolidated statement includes results of four subsidiaries -- IIFL Home Finance, IIHFL Sales Ltd, IIFL Samasta Finance and IIFL Open Fintech Pvt Ltd.

Original equipment manufacturer (OEM) lead time issues, which had worsened during the April-June quarter, rose four times as compared to the earlier 12-16 weeks.

This is the second investment by ADIA in entities working in housing finance space in FY23. Last month, it concluded a deal to pick up 10% in HDFC Capital Advisors for Rs 184 cr

IIFL HFL, a digital-first home finance company, has signed an agreement with SBI for co-lending of priority-sector home loans

IIFL Finance on Friday reported 15 per cent increase in net profit at Rs 310 crore for December quarter 2021-22, backed by growth in home and gold loan businesses. The company had logged a net profit of Rs 269 crore in the year-ago period. Total income during the period under review rose to Rs 1,071 crore from Rs 919 crore in the year-ago quarter. IIFL loan assets under management grew 11 per cent year-on-year driven by sustained growth in home loan and gold loan businesses, the company said in a release. The non-banking financial company said it has a liquidity comfort at an all-time high at Rs 9,145 crore, which is adequate to meet not only all near-term liabilities but also to fund the growth momentum. "Our annualized ROE (return on equity) remained above 20 per cent and ROA (return on assets) above 2.5 per cent. With ongoing expansion, operating cost grew 9 per cent quarter-on-quarter," it said. As of December 31, 2021, the AUM of the company stood at Rs 46,780 crore, with ho

The fund will back 25 companies and invest in companies that have affordable products and technologies aiding financial inclusion.

The move is aimed at facilitating the creation of affordable products and technologies that aid financial inclusion

The NCDs are rated AA by Crisil, and constitute the second of several tranches of retail bond issuance aggregating to Rs 5.000 cr

In this exclusive interview, Nirmal Jain, founder & chairman, IIFL group, talks about retail frenzy in the stock market and how the retail broking business is faring against this backdrop

Sebi on Tuesday refused to lift the capital market ban imposed on six individuals for 'front running' the trades of India Infoline Group

IIFL Home Finance plans to raise up to Rs 5,000 crore, to boost its lending business, through public issue of non-convertible debentures.

Axis Securities' customer base to swell from 2.5 mn to over 3.6 mn; IIFL says well poised to service demat customers from Day-1

Target of Rs 1.75 lakh crore for FY 2022 in Budget is quite conservative and can be very well overachieved.

The agency said Muthoot Finance the third non-bank finance company it rates is better positioned because of its focus on the gold loans business.

Total income stood at Rs 178.3 crore for the quarter under review, down 4 per cent from Rs 185 crore reported in the April-June period of 2019-20