IIFL Securities Reports Strong Financial Performance in Q2 FY25, Receives 'Buy' Call from MarketsMOJO

Oct 23 2024 08:19 AM IST
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IIFL Securities, a midcap finance and NBFC company, has reported a strong financial performance in the quarter ending September 2024. With a significant increase in net sales and consistent growth in profit after tax, the company shows promising prospects for investors. However, there is room for improvement in managing costs and expenses.

Operating Profit Margin (OPM) – Quarterly: At 39.5% is lower than 40.5% in the previous quarter. This may indicate lower efficiency in managing costs and expenses.


IIFL Securities, a midcap finance and NBFC company, has recently declared its financial results for the quarter ending September 2024. The company has received a ‘Buy’ call from MarketsMOJO, indicating positive prospects for investors.


In the last three months, IIFL Securities has shown a significant improvement in its financial performance, with its score rising from 26 to 20. This is a positive sign for the company and its shareholders.


One of the key highlights of the financial results is the growth in net sales, which has increased by 40.31% year on year, reaching Rs 1,285.29 crore. This indicates a strong sales trend in the near term for the company.


Moreover, the company has also shown a consistent growth in its Profit After Tax (PAT) for the last five quarters, with the latest quarter recording the highest PAT of Rs 205.06 crore. This is a positive trend for the company and its shareholders.


In terms of earnings per share (EPS), IIFL Securities has shown a significant improvement, with the latest quarter recording the highest EPS of Rs 6.64 in the last five quarters. This indicates that the company has been able to create higher earnings for its shareholders.


However, there are some areas that the company needs to work on, as highlighted by its financial results. The non-operating income has increased significantly in the last five quarters, which may not be sustainable in the long run. Additionally, the operating profit margin (OPM) has decreased from the previous quarter, indicating a need for better cost management.


Overall, IIFL Securities has shown a positive and promising financial performance in the quarter ending September 2024. With a ‘Buy’ call from MarketsMOJO, the company seems to be on the right track for growth and success in the finance and NBFC industry.


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