Q1FY22: IIFL Wealth posts highest quarterly profits in its history

IIFL Wealth declared its Q1FY22 results on Tuesday.  The company clocked highest quarterly profit in its history.

 IIFL Wealth declared its Q1FY22 results on Tuesday.  The company clocked highest quarterly profit in its history. The consolidated PAT was declared at Rs 119 Crs for the quarter, up 16 per cent QoQ, and 42 per cent YoY. IIFL Wealth AUM is up  by 15 per cent QoQ and up 38 per cent YoY at Rs 2.82 Trillion. The total revenues increased by 6% QoQ and by 27% YoY at Rs 304 Crs.

The company announced its  special dividend of Rs. 35 per share on Tuesday. IIFL Wealth share price gained by more than 14 per cent in one month while on YTD basis the share price of IIFL Wealth is up by more than 34 per cent. On Tuesday the share price of IIFL Wealth slipped in to red owing to profit booking. The stock price was down by 3.68 per cent on closing basis on Tuesday. 

BSE Sensex gained more than 800 points on closing basis on Tuesday even as the frontline index made life highs. Nifty 50 managed to cross the crucial psychological level of 16000 on Tuesday.