"We are pleased to report an all round robust growth in our operations. We expect economic reforms to gather momentum, further boosting investor sentiment. We believe that the outlook for our core business has improved significantly," IIFL Chairman Nirmal Jain said.
Income from fund-based activities rose 28.1 per cent to Rs 649.2 crore, while loan portfolio, which comprises predominantly retail, rose 31 per cent to Rs 12,993 crore, the company said.
Net interest margin for the quarter was 7.7 per cent and the spread was 6.8 per cent, which have now stablilised, the release said.
Income from financial products distribution was Rs 131.3 crore, up 48.9 per cent.
Total assets under advice, distribution and management were Rs 48,000 crore.
Capital market income was Rs 111.7 crore, up 30.6 per cent.