IIFL Finance - Diversified Retail Lending With Focus On Co-Lending: ICICI Direct

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Direct Report.IIFL Finance Ltd. delivered healthy 18% compound annual growth rate in assets under management in the last five years while focus on operational efficiency and asset quality led to ~23% CAGR in earnings. Aims to grow AUM at 25% CAGR in FY23-25E with focus on servicing retail and priority loans by leveraging branch network and digital technology.Earnings target at Rs 2500 crore in FY25E, driven by robust business growth and improvement in operating efficiency. Focus to continue on three-pronged distribution strategy – branch, digital and partnership model.IIFL has built an asset-light model with ~40% of portfolio under assignment, securitisation or co-lending. Aims to maintain on-off book mix steady ahead.IIFL maintained superior asset quality with gross non-performing asset at 2.42% (Q2 FY23) including impact of Reserve Bank of India circular on daily stamping of NPA. Micro finance institution and unsecured business loans were impacted by Covid. It is expected to witness a gradual recovery as nearly 100% of loans are out of moratorium..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

IIFL Finance - Diversified Retail Lending With Focus On Co-Lending: ICICI Direct

IIFL has built an asset-light model with ~40% of portfolio under assignment, securitisation or co-lending.

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