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Shares of IIFL Finance were locked in upper circuit of 20 per cent at Rs 147 on the BSE in Friday's session after the company reported 47 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 268 crore in the December quarter (Q3FY21), driven by loan growth, higher net interest margin and lower cost to income ratio. The company engaged in financial services business had posted a profit of Rs 183 crore in the year-ago quarter.
Net interest income of the company grew 57 per cent YoY to Rs 573 crore, while pre-provision operating profit (PPOP) more than
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