IIFL Holdings rallies 19% on strong Q3 results; scheme of arrangement

The stock rallied 19% to Rs 865 also its record high on BSE in intra-day trade.

IIFL Holdings has rallied 19% to Rs 865 also its record high on BSE in intra-day trade after the company reported 36% year on year (YoY) growth in consolidated net profit at Rs 3,010 million for the quarter ended December 2017 (Q3FY18). Consolidated income grew 34% at Rs 9,880 million on YoY basis.

The board of directors of the company has declared an interim dividend of Rs 5 per equity share of the face value of Rs 2 each for the financial year 2017-18. The Company has fixed February 08, 2018 as the record date for this purpose.