IIFL Finance Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 12306.74 Crore) operating in NBFC sector.
IIFL Finance Ltd. key Products/Revenue Segments include Interest, Income From Sale Of Share & Securities, Dividend, Income From Financial Services and Fees & Commission Income for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1713.36 Crore, up 11.86 % from last quarter Total Income of Rs 1531.67 Crore and up 13.07 % from last year same quarter Total Income of Rs 1515.30 Crore. Company reported net profit after tax of Rs 291.57 Crore in latest quarter.
Investment Rationale
IIFL Finance has posted decent Q2FY22 results with strong AUM growth across the segments. Asset quality was also stable, supported by higher collection efficiencies. The management has guided that in next three years they are expecting to double the loan book. The brokerage expects Home and Gold loans to be the key growth drivers for the company which are expected to grow at CAGR 15% and 27% respectively over FY21-24E. It has envisaged 14% CAGR in Net Interest Income and 22% CAGR in net profit over FY21-FY24E. Further, it has estimated that the loan book would grow at 13.6% CAGR over this period. It expects that asset quality and NIM could improve gradually over FY21-24E.
Promoter/FII Holdings
Promoters held 24.93 per cent stake in the company as of 30-Sep-2021, while FIIs owned 24.72 per cent, DIIs 0.73 per cent.
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