IIFL reported its consolidated proforma results. Profit after tax for Q4FY19 at 373 Cr (up 30% y-o-y) and FY19 at 1,253 Cr (up 23% y-o-y). Income for Q4FY19 at 1,276 Cr (up 32% y-o-y) and FY19 at 4,305 Cr (up 16% y-o-y).
Mr. Nirmal Jain, Chairman, IIFL Holdings Ltd., commented on the financial results: “In FY19, we have strengthened our position in all our core businesses. This year, with reorganisation of the group, three businesses namely Finance, Wealth and Securities will get listed independently. Our finance business has grown strongly with improved margins despite sector headwinds, leveraging our strong retail franchise and technology edge. Wealth business is leading the industry with its decisive move towards advisory model. Securities business prospects are linked to capital market activities and have strong fundamentals.”