75 per cent jump in net profit: This small-cap company reports stellar Q1FY24 results; know more here!
On Tuesday, shares of the company surged by more than 4 per cent and made an intraday high of Rs 68.03.
IIFL Securities Ltd holds a prominent position in the Indian financial services sector. The company, along with its subsidiaries, provides a comprehensive range of services, including advisory and broking services, financial products distribution, institutional research and investment banking services.
IIFL Securities has earned its reputation through a combination of advanced technology, a diverse range of products, skilled management and an extensive network of branches throughout India. With a commitment to delivering high-quality performance, the company has built enduring relationships with its customers, making it their preferred investment partner.
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On July 24, 2023, IIFL Securities Ltd announced their stellar Q1FY24 results in which sales of the company surged by 39 per cent and stood at Rs 411 crore as against to Q1FY23, while operating profit of the company grew by 48 per cent to Rs 138 crore as compared to Q1FY23. Similarly, net profit of the company surged by 75 per cent and stood at Rs 73.9 crore as against to Q1FY23.
The company has delivered returns of negative 11 per cent over the past year and returns of 68 per cent over the past 3 years. Moreover, the company has a ROCE of 23 per cent and a ROE of 19.7 per cent.
On Tuesday, shares of the company surged by more than 4 per cent and made an intraday high of Rs 68.03. Additionally, the scrip had a spurt in volume by more than 1.25 times.
Investors should keep a close eye on this buzzing stock.