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IIFL Finance's Consolidated Profit More Than Doubles in Fiscal Q4; Shares Up 3%

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IIFL Finance (NSE:IIFL, BOM:532636) witnessed a sharp increase in its consolidated attributable profit to 5.87 billion Indian rupees in the fiscal fourth quarter ended March 31, against 2.08 billion rupees a year ago.

Earnings per share climbed to 13.72 rupees compared with the year-ago figure of 4.85 rupees, according to a Wednesday filing to the Indian stock exchanges by the non-banking finance company.

Revenue from operations in fiscal Q4 also jumped to 36.9 billion rupees from 25.9 billion rupees a year earlier.

The company's shares were up nearly 3% in recent trade.

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