IIFL Capital Services Reports Mixed Financial Results for December Quarter 2024

Feb 12 2025 09:55 AM IST
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IIFL Capital Services has announced its financial results for the quarter ending December 2024, reporting a Profit After Tax of Rs 402.20 crore for the half-year, marking significant year-on-year growth. However, challenges persist with a decline in Profit Before Tax and net sales below previous averages.
IIFL Capital Services has recently reported its financial results for the quarter ending December 2024, showcasing a mix of performance indicators. The company has achieved a notable Profit After Tax (PAT) of Rs 402.20 crore for the half-year, reflecting a year-on-year growth of 56.05%. This positive trend in PAT suggests a strong operational performance during this period.

However, the financial landscape is not without its challenges. The Profit Before Tax (PBT), adjusted for other income, has shown a decline, recorded at Rs 186.24 crore, which is lower than the average PBT of the previous four quarters. Additionally, net sales for the quarter stand at Rs 582.59 crore, also below the average of the preceding quarters. While IIFL Capital has reported its highest non-operating income in the last five quarters at Rs 63.85 crore, there are concerns regarding the sustainability of this income derived from non-business activities.

In light of these developments, IIFL Capital has experienced an adjustment in its evaluation, reflecting the complexities of its financial performance.

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