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IIFL Wealth Management reports 22% rise in Q2 consolidated net profit

20 Oct 2022 Evaluate

IIFL Wealth Management has reported results for second quarter ended September 30, 2022.

The company has reported over 2- fold jump in its net profit at Rs 264.35 crore for the quarter under review as compared to Rs 105.13 crore for the same quarter in the previous year. Total income of the company reported 2- fold jump at Rs 305.84 crore for Q2FY23 as compared Rs 143.25 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported rise of 22.38% in its net profit at Rs 174.37 crore for the quarter under review as compared to Rs 142.48 crore for the same quarter in the previous year. Total income of the company increased by 4.12% at Rs 523.72 crore for Q2FY23 as compared Rs 502.98 crore for the corresponding quarter previous year.

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