IIFL Finance Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- IIFL Finance Ltd reported a 5.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 9.1%.
- Its expenses for the quarter were up by 7.7% QoQ and 7.0% YoY.
- The net profit decreased 187.8% QoQ and decreased 85.0% YoY.
- The earnings per share (EPS) of IIFL Finance Ltd stood at 0.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 2448.97 | 2576.59 | 2694.36 | -5.0% | -9.1% |
Total Expenses | 1856.52 | 1723.44 | 1735.05 | 7.7% | 7.0% |
Profit Before Tax | 101.04 | -139.67 | 716.32 | -172.3% | -85.9% |
Tax | 19.33 | -46.60 | 171.13 | -141.5% | -88.7% |
Profit After Tax | 81.71 | -93.07 | 545.19 | -187.8% | -85.0% |
Earnings Per Share | 0.90 | -3.70 | 12.70 | -124.3% | -92.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
IIFL Finance Ltd is a prominent player in the Indian financial services sector, providing a wide array of offerings including loans, mortgages, and wealth management solutions. As a diversified financial services company, IIFL Finance caters to retail and corporate clients through its extensive network across India. The firm is known for its emphasis on technology-driven solutions to enhance customer experience and operational efficiency. In recent years, IIFL Finance has been actively expanding its digital footprint to cater to the evolving needs of its clientele. However, detailed information on recent major developments is not available in the provided data.
Revenue
In Q3FY25, IIFL Finance Ltd reported a total income of ₹2448.97 crores, marking a decline from the previous quarter's ₹2576.59 crores and the same quarter last year's ₹2694.36 crores. The quarter-over-quarter (QoQ) decrease is 5.0%, while the year-over-year (YoY) decline is 9.1%. This indicates a contraction in the company's revenue stream over the past year. The data reflects a consistent downward trajectory in total income, suggesting challenges in maintaining previous income levels.
Profitability
During Q3FY25, IIFL Finance Ltd's profitability metrics indicate a noteworthy turnaround. The company recorded a profit before tax (PBT) of ₹101.04 crores, contrasting with a loss of ₹139.67 crores in Q2FY25, though still significantly lower than the ₹716.32 crores in Q3FY24. The profit after tax (PAT) improved to ₹81.71 crores from a loss of ₹93.07 crores in the previous quarter, but remained below the ₹545.19 crores reported in the same quarter last year. The earnings per share (EPS) for Q3FY25 stood at ₹0.90, recovering from negative earnings per share of ₹-3.70 in Q2FY25, although still lower than the ₹12.70 recorded in Q3FY24. These figures show a considerable improvement in the company's profitability on a quarter-over-quarter basis despite a decline on a year-over-year basis.
Operating Metrics
Total expenses for IIFL Finance Ltd in Q3FY25 amounted to ₹1856.52 crores, which is an increase from ₹1723.44 crores in Q2FY25 and ₹1735.05 crores in Q3FY24. This represents a 7.7% rise quarter-over-quarter and a 7.0% increase year-over-year. The tax expense for the quarter was ₹19.33 crores, reversing the previous quarter's tax credit of ₹-46.60 crores and lower than the ₹171.13 crores in Q3FY24. These metrics highlight cost management challenges the company may be facing amidst fluctuating income levels.
