July 25, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

IIFL Securities Q1 PAT surges 66% to Rs 69 cr; total income up 50%

Securities on Thursday reported a 66 per cent jump in profit after tax (PAT) to Rs 68.9 crore for the three months ended June 2021.

In comparison, the firm had posted a PAT of Rs 41.5 crore in the same quarter of the preceding fiscal, Securities said in a statement.

Total income climbed 50 per cent to Rs 268.1 crore in the quarter under review from Rs 178.3 crore in the three months ended June 2020.

The company’s assets under management stood at Rs 55,141 crore in the first quarter of the ongoing fiscal, an increase of 88 per cent from the year-ago period.

“We continue to make investment in technology to service retail customers better. Retail broking is seeing good traction.

“We are also partnering with many fintech players to offer their services to our clients for trading and a wholesome investment experience,” the company’s Managing Director R Venkataraman said.

Securities is a key player in both retail and institutional segments of the capital market.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Share This :