IIFL Finance Q2 profit nearly doubles to Rs 805 crore; AUM rises 38%
60-Word AI Digest
IIFL Finance reported a significant increase in profit after tax for the quarter, rising to Rs 805 crore. This growth was attributed to stronger operating leverage and reduced loan losses during the period. The company's assets under management also rose substantially to Rs 1.24 lakh crore, primarily due to growth in gold loans.
Key Takeaways
- IIFL Finance reported a significant increase in profit after tax for the quarter, rising to Rs 805 crore.
- This growth was attributed to stronger operating leverage and reduced loan losses during the period.
- The company's assets under management also rose substantially to Rs 1.24 lakh crore, primarily due to growth in gold loans.
IIFL Finance reported a significant increase in profit after tax for the quarter, rising to Rs 805 crore. This growth was attributed to stronger operating leverage and reduced loan losses during the period. The company's assets under management also rose substantially to Rs 1.24 lakh crore, primarily due to growth in gold loans.
Original Publisher Attribution
This summary was curated from Economic Times.