IIFL Finance Ltd. posted a 92% fall in its net profit to Rs 40.70 crore in the December quarter of fiscal 2025, on Wednesday.
The lender reported a net profit of Rs 490.44 crore in the last quarter, according to a regulatory filing.
Total income also declined 4.4% to Rs 2,442.58 crore over Rs 2,556.04 crore in the preceding quarter.
This marks the first full quarter of the company since the Reserve Bank of India removed restrictions placed in March on the lender, which had required IIFL Finance to stop lending against gold with immediate effect. The banking regulator had then found serious operational lapses in the company's operations.
IIFL Finance Q3 FY25 Highlights (Consolidated, QoQ)
Total income down 4.4% to Rs 2,442.58 crore versus Rs 2,556.04 crore.
Net profit down 92% to Rs 40.70 crore versus Rs 490.44 crore.
Net interest income was down 21.7% to Rs 1,235.16 crore, as compared to Rs 1,577.98 crore in the year ago period.
IIFL Finance Share Price Data
Shares of IIFL Finance closed 2.22% lower on Wednesday at Rs 335.65 apiece on the NSE, compared to a 0.12% decline in the benchmark Nifty 50. The company shares have fallen 40.12%% in the last 12 months.
Three analysts tracking the company have a 'buy' rating on the stock, and two have a 'hold,' according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 57.5%.
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