IIFL Securities Q1 Results Total Income ₹639.92 Crores & Operating Profit ₹287.78 Crores

IIFL Securities Q1 Results: In the first quarter of 2024, IIFL Securities reported impressive results compared to the same period last year and the previous quarter. Their total revenue for June 2024 was ₹639.92 crore, a significant increase of 56.43% year-over-year (YoY) compared to ₹409.08 crore in June 2023. However, revenue decreased by 6.78% quarter-on-quarter (QoQ) from ₹401.90 crore in March 2024.

IIFL Securities’ Selling, general, and administrative expenses rose by 43.76% YoY, reaching ₹129.60 crore in June 2024, up from ₹90.15 crore in June 2023. These expenses also increased by 5.91% from ₹92.34 crore in the previous quarter. Despite this, the company’s operating income grew remarkably by 136.73% YoY, totaling ₹287.78 crore, compared to ₹121.56 crore in the same quarter last year. This growth in operating income indicates strong performance despite a 14.73% increase in total operating expenses YoY.

IIFL Securities’ Net income showed a strong improvement, growing by 143.78% YoY to ₹182.19 crore from ₹74.73 crore in June 2023. This represents a slight 1.29% increase quarter-on-quarter from ₹86.34 crore in March 2024. The diluted normalized EPS rose by 136.48% YoY to ₹5.77, reflecting the company's robust earnings growth. Overall, IIFL Securities demonstrated significant year-over-year improvement across most key financial metrics.

Here's a summary of IIFL Securities' Q1 results:

Source: Here 

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IIFL Securities Q1 Results 

For the quarter ending June 30, 2024, IIFL Securities reported its financial performance. Their total income from fees, commissions, and interest came to ₹63,991.94 lakhs. They also earned an additional ₹388.21 lakhs from other sources, bringing the total revenue to ₹64,380.15 lakhs.

IIFL Securities’ total expenses, which include costs for employees, finance, depreciation, and other expenses, were ₹39,615.99 lakhs. Subtracting these expenses from the total revenue resulted in a profit before tax of ₹24,764.16 lakhs. After accounting for taxes, which amounted to ₹18,228.38 lakhs, the final profit for the period was ₹18,157.52 lakhs.

IIFL Securities’ profit was mainly attributable to the company's owners, with a small portion going to non-controlling interests. Additionally, they had an item in other comprehensive income related to changes in defined benefit plans, which resulted in a loss of ₹70.86 lakhs.

IIFL Securities’ total comprehensive income, which includes the profit and other income adjustments, was ₹18,157.52 lakhs. The company’s earnings per share were ₹5.87 for basic and ₹5.76 for diluted shares.

Here is the financial statement in a table format:

IIFL Securities Financial Metrics 

This table shows the financial details of IIFL Securities. The Market Cap is ₹9,326 Crores, which is the total value of the company's shares. The Current Price of each share is ₹302. The High / Low values indicate that the share price has ranged from ₹348 at its highest to ₹74 at its lowest. The Stock P/E ratio is 15.0, meaning investors pay 15 times the earnings per share. Book Value is ₹58.0, representing the value of the company’s assets minus liabilities per share. The Dividend Yield is 0.98%, showing the annual dividend as a percentage of the share price. 

Here's the information formatted in a table:

Quarterly Results 

For IIFL Securities, the financial data for December 2023, March 2024, and June 2024 shows how the company performed. In December 2023, they had sales of Rs. 559 crores and a profit of Rs. 151 crores, with an operating profit margin of 43%. By March 2024, sales increased to Rs. 686 crores, and profit grew to Rs. 181 crores, with a higher margin of 49%. In June 2024, sales slightly decreased to Rs. 640 crores, but net profit remained strong at Rs. 182 crores, and the margin was 47%. 

Here's the data for December 2023, March 2024, and June 2024:

(Figures in Rs. Crores)

About IIFL Securities 

IIFL Securities, previously known as India Infoline, is a leading financial services company in India with a history of around 20 years. It is one of the largest independent brokerage firms in the country, offering a wide range of services to both individual and institutional investors. 

IIFL Securities provides retail brokerage services for equities, commodities, and currencies, as well as financial planning and portfolio advisory. They also offer services like investment banking, mutual funds, bonds, and portfolio management.

IIFL Securities serves over 3 million customers through its extensive network of about 2,500 locations across more than 500 cities in India. Their services include helping clients manage their investments and track the performance of their portfolios. For institutional clients, IIFL Securities offers broking, research, and corporate access services. With a strong emphasis on technology and a large branch network, the company aims to deliver high-quality financial services and solutions, continuously working to add more value for its customers.