IIFL Securities Ltd Q2 FY24 consolidated PAT jumps to Rs. 107.77 crores

IIFL Securities Limited has reported Consolidated financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 533.6629 crores during the period ended September 30, 2023 as compared to Rs. 410.9916 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 107.7724 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 74.6312 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 3.51 for the period ended September 30, 2023 as compared to Rs. 2.44 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 533.6629 crs	₹410.9916 crs	29.85%
Net Profit	₹107.7724 crs	₹74.6312 crs	44.41%
EPS	₹3.51	₹2.44	43.85%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 533.6629 crores during the period ended September 30, 2023 as compared to Rs.323.4041 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.107.7724 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.55.4654 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.3.51 for the period ended September 30, 2023 as compared to Rs.1.81 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 533.6629 crs	₹323.4041 crs	65.01%
Net Profit	₹107.7724 crs	₹55.4654 crs	94.31%
EPS	₹3.51	₹1.81	93.92%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.944.6545 crores during the 6 Months period ended September 30, 2023 as compared to Rs.618.2028 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.182.2669 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.98.8539 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.5.94 for the 6 Months period ended September 30, 2023 as compared to Rs.3.23 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹944.6545 crs	₹618.2028 crs	52.81%
Net Profit	₹182.2669 crs	₹98.8539 crs	84.38%
EPS	₹5.94	₹3.23	83.90%

Shares of IIFL Securities Limited was last trading in BSE at Rs. 94.04 as compared to the previous close of Rs. 92.91. The total number of shares traded during the day was 322827 in over 9063 trades.

The stock hit an intraday high of Rs. 95.30 and intraday low of 91.95. The net turnover during the day was Rs. 30383792.00.

Source : Equity Bulls

Keywords

IIFLSecurities Q2FY24 H1FY24 ResultUpdate