IIFL Finance

IIFL Holdings is currently the top gainer on the BSE, going up almost 11.5% intra day to 315.50, with an over 14 times jump up in volumes. Its 52-week high stands at Rs.339.50.

The market is enthused with the company’s performance for Q3FY17. On a 29% (YoY) rise in consolidated total income, it posted a very healthy 41% increase in net profit at Rs.179 crore.

Its loan assets under management in NBFC business at Rs.21,090 crore, up 15 and wealth assets grew 222% at Rs.1,06,999 crore. The company also declared an interim dividend of Rs.4.50 per share (225% of face value).

Gross NPAs and Net NPA ratios have fallen to 1.80% and 0.65% respectively as on December 31, 2016 versus 1.87% and 0.83% in the previous quarter. Against gross NPA of Rs.340 crore, specific provisions stand at Rs.218 crore, giving provision coverage of 64%. Besides this, provision of Rs.82 crore has been made for standard assets as per statutory requirements. Total provision coverage (including standard asset provision) stands at 88% of Gross NPAs.

Total CAR stood at 23.5% including Tier I capital of 20.5% as at December 31, 2016.