IIFL Securities Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- IIFL Securities Ltd reported a 8.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 11.0%.
- Its expenses for the quarter were down by 9.9% QoQ and up 4.6% YoY.
- The net profit decreased 3.9% QoQ and increased 31.0% YoY.
- The earnings per share (EPS) of IIFL Securities Ltd stood at 6.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 646.44 | 703.70 | 582.27 | -8.1% | 11.0% |
Total Expenses | 396.35 | 440.12 | 379.09 | -9.9% | 4.6% |
Profit Before Tax | 250.09 | 263.58 | 203.18 | -5.1% | 23.1% |
Tax | 52.86 | 58.24 | 52.66 | -9.2% | 0.4% |
Profit After Tax | 197.23 | 205.34 | 150.51 | -3.9% | 31.0% |
Earnings Per Share | 6.10 | 6.40 | 4.90 | -4.7% | 24.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
IIFL Securities Ltd is a prominent company operating in the financial services sector in India. The company is primarily engaged in providing a wide array of financial services, including broking services, advisory services, and investment banking. As part of the IIFL Group, IIFL Securities has established itself as a key player in the retail and institutional broking segment. The company offers services to retail investors, high-net-worth individuals, and institutional clients through a robust online and offline network. Currently, specific recent developments for IIFL Securities Ltd have not been provided in the available data.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), IIFL Securities Ltd reported a total income of ₹646.44 crores. This represents a decrease of 8.1% compared to the previous quarter (Q2FY25), where total income was ₹703.70 crores. However, when compared to the same quarter of the previous year (Q3FY24), where total income was ₹582.27 crores, there is an increase of 11.0%. This year-over-year growth indicates an uplift in revenue over the twelve-month period. The company’s revenue figures reflect its performance in the financial services market amid the varying economic conditions.
Profitability
The company's profitability metrics demonstrate a varied performance across different periods. For Q3FY25, the profit before tax stood at ₹250.09 crores, showing a decline of 5.1% from the previous quarter's ₹263.58 crores. On a year-over-year basis, there is a significant increase of 23.1% from the Q3FY24 figure of ₹203.18 crores. The tax expenses were ₹52.86 crores in Q3FY25, which is a reduction of 9.2% from the previous quarter and a slight increase of 0.4% from the same quarter last year. Profit after tax for Q3FY25 was ₹197.23 crores, down 3.9% from the previous quarter but up 31.0% year-over-year. These figures illustrate the company's profitability trajectory over the recent quarters.
Operating Metrics
For Q3FY25, the earnings per share (EPS) were ₹6.10, which decreased by 4.7% from the previous quarter's ₹6.40, yet increased by 24.5% from the ₹4.90 recorded in Q3FY24. This indicates variations in shareholder returns over the recent periods. The total expenses for Q3FY25 were ₹396.35 crores, reflecting a 9.9% decrease from Q2FY25's ₹440.12 crores, and an increase of 4.6% from Q3FY24's ₹379.09 crores. These expense trends provide insights into the company's cost management and operational effectiveness. The financial data presents a comprehensive view of the company's operating metrics in relation to its income and profitability over the specified quarters.
