IIFL Wealth and Asset Management reports strong Q2FY22 results

The company continues with its  robust growth with another record setting quarter, reporting highest all-time Revenues, Operating Profit and PAT. The company has announced an interim dividend of Rs 20 reflecting its continued focus on capital efficiency and value delivery.

Client sentiment remains positive with an increasing bias towards risk assets. While it continues to maintain a balance on asset allocation across portfolios, overall, there is an increase in share of equity over the last quarter. The company continues its relentless focus on its core drivers and key strategic enablers – across clients, business proposition, products, people, and technology.

Key Highlights & Updates -

• Reports highest all-time quarterly Revenue, Operating Profit & PAT 

• Announces Dividend of Rs. 20 per share    

• Total AUM up 12 per cent QoQ and up 42 per cent YoY at Rs. 3,15,150 crore; IIFL AMC’s AUM crosses Rs.50,000 crore.   

• Total Revenues, up 19 per cent QoQ, up 47 per centYoY at Rs. 362 crore.     

• Revenue from Operations at Rs. 314 crore up 11 per cent QoQ and 48 per centYoY, and Rs. 597 crore for H1, up 45 per cent YoY.   

• Annual Recurring Revenues at Rs. 222 crore up 16 per cent QoQ and 59 per cent YoY, and Rs. 414 crore for H1, up 55 per cent YoY.  

• Profit Before Tax at Rs. 188 crore for the quarter, up 25 per cent QoQ and 67 per centYoY, and Rs. 339 crore for H1, up 53 per cent YoY.   

• Profit After Tax of Rs. 140 crore, up 19 per cent QoQ, and 64 per centYoY, and Rs. 259 crore for H1, up 53 per cent YoY.   

• Significant improvement in Cost to Income – down to 48 per cent for Q2, from 50 per cent in Q1 FY22