IIFL Holdings Ltd today said its consolidated net profit increased by 4 per cent to Rs 136.5 crore in the January-March quarter of 2015-16 fiscal.
Net profit of IIFL Holdings stood at Rs 131.7 crore in the similar January-March quarter of previous fiscal 2014-15.
"For the quarter ended March 2016, consolidated income stood at Rs 1,111.8 crore, up 10 per cent year on year", the company said in a statement.
For the full year 2015-16, IIFL Holdings registered a rise of 14 per cent in its net profit (consolidated) at Rs 511.2 crore as against Rs 447.3 crore a year ago.
Total income for the financial year stood at Rs 3,995.4 crore, up 12 per cent from 2014-15, it said.
"We achieved a healthy 14 per cent year-on-year growth in full year 2015-16 net profits, with ROE (return on equity) of 18.7 per cent and ROA (return on assets) of 2.4 per cent", said Nirmal Jain, Chairman, IIFL Holdings.
"Our NBFC and wealth businesses delivered robust growth, while capital market activities declined due to adverse market conditions. We continue to re-balance our portfolio...This is expected to enhance our risk adjusted returns over the next one-two years," he added.
On asset quality, company's gross NPAs (non-performing assets) and net NPA ratios fell to 1.44 per cent and 0.54 per cent respectively as on March 31, 2016 versus 1.56 per cent and 0.61 per cent in the previous quarter, it said.
Against gross NPA of Rs 255.4 crore, specific provisions stood at Rs 159.1 crore. The company said it made provision of Rs 70.1 crore for standard assets.
IIFL Holdings is engaged in financing, asset and wealth management, capital markets and financial products distribution, investment banking, institutional equities and realty services.
IIFL Holdings share closed 0.98 per cent up at Rs 212.05 apiece on BSE today.
