IIFL Holdings Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
January 29, 2015 at 08:10 am
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IIFL Holdings Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, on consolidated basis, the company reported total income from operations of INR 9,224.66 million against INR 6,874.472 million a year ago. Profit from operations before other income, financial costs and exceptional items was INR 5,509.16 million against INR 3,986.32 million a year ago Profit from ordinary activities before tax was INR 1,791.30 million against INR 1,010.84 million a year ago. Net profit for the period was INR 1,206.49 million against INR 706.44 million a year ago. Diluted earnings per share before and after extraordinary items were INR 3.58 against INR 2.35 a year ago. ROE was 19.2%. EBITDA was INR 5,666 million against INR 4,175 million for the same period a year ago.
For the nine months, on consolidated basis, the company reported total income from operations of INR 26,043.34 million against INR 20,414.53 million a year ago. Profit from operations before other income, financial costs and exceptional items was INR 15,413.05 million against INR 11,353.07 million a year ago. Profit from ordinary activities before tax was INR 4,975.01 million against INR 2,945.66 million a year ago. Net profit for the period was INR 3,341.35 million against INR 2,043.90 million a year ago. Diluted earnings per share before and after extraordinary items were INR 10.06 against INR 6.80 a year ago. EBITDA was INR 15,900 million against INR 11,957 million for the same period a year ago. ROE was 15.5%. ROA was 2.0%.
For the quarter, on standalone basis, the company reported total income of INR 26.88 million against INR 88.16 million a year ago. Profit from operations before other income, financial costs and exceptional items was INR 17.91 million against INR 76.11 million a year ago. Profit from ordinary activities before tax was INR 7.59 million against INR 76.11 million a year ago. Net profit for the period was INR 12.11 million against INR 76.11 million a year ago. Diluted earnings per share before and after extraordinary items were INR 0.04 against INR 0.25 a year ago.
For the nine months, on standalone basis, the company reported total income of INR 1,004.0 million against INR 187.14 million a year ago. Profit from operations before other income, financial costs and exceptional items was INR 982.49 million against INR 150.64 million a year ago. Profit from ordinary activities before tax was INR 963.82 million against INR 150.64 million a year ago. Net profit for the period was INR 951.91 million against INR 302.19 million a year ago. Diluted earnings per share before and after extraordinary items were INR 3.03 against INR 1.01 a year ago.
IIFL Finance Limited is an India-based non-banking financial company that is primarily engaged in financing and related services. The Company operates through the financing segment. The Company offers a suite of financial products such as home loans, mortgage loan, gold loans, loans against securities loans to small and medium enterprises (SMEs), micro finance loans (MFI) and digital finance loans. Its home loans include secured SME loan, new home loan, Pradhan Mantri Awas Yojana and home renovation. The Company and its subsidiaries are engaged in providing a diverse range of loans and mortgages. The Company has a nationwide presence with a network of approximately 4,267 branches, which includes over 500 cities. The Companyâs subsidiaries include IIFL Home Finance Limited, IIFL Samasta Finance Limited and IIFL Open Fintech Private Limited.