Iifl Finance Limited · NSE:IIFL
Iifl Finance — Q3 FY2024 Earnings Presentation
65 slides from Iifl Finance's earnings presentation, Jan 17, 2024
Slide 1: Cover letter to stock exchanges
January 17, 2024 The Manager, The Manager, Listing Department, Listing Department, BSE Limited, The National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot C/1, G Block, Dalal Street, Bandra - Kurla Complex, Bandra (E), Mumbai 400 001. Mumbai 400 051. BSE Sc
Slide 2: Press Release: Q3FY24 Results update
Annexure 1 IIFL Finance Limited Press Release For immediate publication Mumbai, India January 17, 2024 IIFL Finance Q3FY24 Results update IIFL Finance Q3FY24 profit after tax1 at Rs. 545 Crore, up 29% y-o-y For the quarter ended December 31, 2023, the Company reported net profit after tax of Rs. 545
Slide 3: Management comments and financial performance review
Mr. Nirmal Jain, Founder, IIFL Finance Ltd., remarked on the financial results: “We continue to grow at a healthy pace, in all core businesses in line with our targets. Our focus on asset quality is unflinching. Our Net NPAs are now below 1%, and GNPA at lower than 2% are amongst the best in the ind
Slide 4: Business segment review: gold, microfinance, LAP, digital loans
Gold Loans: As of December 31, 2023, the gold loan AUM grew to Rs. 24,692 Cr, showing a strong growth of 35% y-o-y and 4% q-o-q. Gold loans are provided through our widespread presence in 2,721 towns/cities across 25 states and 4 Union Territories to salaried, self-employed and MSME customer segment
Slide 5: JPY 7.5 billion raise from Mizuho Bank; India Ratings
IIFL Finance raises JPY 7.5 billion (US$50 Million) from Mizuho Bank IIFL Finance has raised JPY 7.5 billion (US$50 million) through external commercial borrowing (ECB) route. This is an inaugural JPY denominated facility for the NBFC. The retail-focused NBFC has raised the funds from Mizuho Bank’s
Slide 6: About IIFL
About IIFL IIFL Group is one of the leading players in the Indian financial services space. Prior to the Composite Scheme of Arrangement (effective May 2019), IIFL Finance Limited (Erstwhile “IIFL Holdings Limited”) (Bloomberg Code: IIFL IN, NSE: IIFL, BSE: IIFL) was engaged in the business of finan
Slide 7: Performance review Quarter ended December 2023
Annexure 2 Performance review Quarter ended December, 2023 (Q3FY24 & 9MFY24) Bloomberg: IIFL IN January 17, 2024
Slide 8: Agenda
Financial Performance Q3FY24 3–8 Key Business Metrics 10 – 16 Business Segments Overview 18 – 33 Corporate, Strategy and Others 35 – 45 Financials of the Subsidiaries 47 – 57 Link to download databook 58 2
Slide 9: Q3FY24 Results snapshot (Consolidated)
Q3FY24 Results snapshot (Consolidated) Q3FY24 net profit ₹545.2 Cr - up 29% yoy; RoE at 19.7% (₹ Cr) 9MFY24 9MFY23 YoY% Q3FY24 Q3FY23 YoY% Q2FY24 QoQ % Loan AUM 77,444 57,941 34% 77,444 57,941 34% 73,066 6% PPOP1 2,674.4 2,057.4 30% 960.3 751.7 28% 922.1 4% PAT (pre NCI2) 1,543.6 1,150.0 34% 545.2 4
Slide 10: Nine monthly results 9MFY24 (Consolidated)
Nine monthly results 9MFY24 (Consolidated) Income ₹4,712 Cr - up 28% yoy; PBT at ₹2,018 Cr - up 33% yoy ₹ Cr 9MFY24 9MFY23 Y-o-Y Interest income 5,841.6 4,507.3 30% Interest expense (2,808.5) (2,361.3) 19% Net interest income 3,033.1 2,146.0 41% Non-fund based income 1,678.9 1,544.0 9% Total income
Slide 11: Nine monthly results 9MFY24 income analysis
Nine monthly results 9MFY24 (Consolidated) Non fund income - 36% of total income ₹ Cr 9MFY24 9MFY23 Y-o-Y Loan Book (Ind AS Balance sheet) 47,210 36,286 30% Assigned assets 18,648 15,939 17% Co-lending book 11,586 5,716 103% Loan Assets under management 77,444 57,941 34% ₹ Cr 9MFY24 9MFY23 Y-o-Y Int
Slide 12: Quarterly results Q3FY24 (Consolidated)
Quarterly results Q3FY24 (Consolidated) Income ₹1,687.5 Cr - up 28% yoy, 6% qoq; PBT at ₹716.3 Cr - up 29% yoy, 5% qoq ₹ Cr Q3FY24 Q3FY23 Y-o-Y Q2FY24 Q-o-Q Interest income 2,083.1 1,597.5 30% 1,933.2 8% Interest expense (988.5) (809.4) 22% (932.2) 6% Net interest income 1,094.6 788.1 39% 1,001.1 9%
Slide 13: Quarterly income analysis Q3FY24 (Consolidated)
Quarterly income analysis Q3FY24 (Consolidated) Non fund income - 35% of total income ₹ Cr Q3FY24 Q3FY23 Y-o-Y Q2FY24 Q-o-Q Loan Book (Ind AS Balance sheet) 47,210 36,286 30% 44,061 7% Assigned assets 18,648 15,939 17% 18,429 1% Co-lending book 11,586 5,716 103% 10,576 10% Loan Assets under manageme
Slide 14: Consolidated balance sheet as at December 31, 2023
Consolidated balance sheet as at December 31, 2023 Total Equity at ₹11,787 Cr ASSETS (₹ Cr) LIABILITIES AND EQUITY (₹ Cr) 1 Financial Assets 1 Financial Liabilities (a) Cash and Bank Balances 4,223 (a) Payables 224 (b) Receivables 654 (b) Borrowings (c) Loan Assets 47,724 - NCDs 7,261 (d) Investment
Slide 15: Agenda
Financial Performance Q3FY24 3–8 Key Business Metrics 10 – 16 Business Segments Overview 18 – 33 Corporate, Strategy and Others 35 – 45 Financials of the Subsidiaries 47 – 57 Link to download databook 58 9
Slide 16: Key business metric - Loan AUM growth
Key business metric - Loan AUM growth Core loan products AUM has grown at 23% CAGR over last 5 years Latest quarter Key business metrics Loan AUM (₹ Cr) Mix % Q3FY24 Q3FY23 YoY % Q2FY24 QoQ % Loan AUM growth Portfolio Yield Home Loan 33% 25,519 20,389 25% 24,009 6% Gold Loan 32% 24,692 18,284 35% 23
Slide 17: Key business metric – Portfolio yield
Key business metric – Portfolio yield Yield is improving with focus on small ticket granular loans Latest quarter Key business metrics Portfolio % Q3FY24 Q3FY23 YoY Q2FY24 QoQ Loan AUM growth Portfolio yield Home Loan 11.1% 10.9% 0.1% 11.0% 0.0% Gold Loan 19.0% 17.8% 1.2% 18.5% 0.5% Cost of borrowin
Slide 18: Key business metric – Cost of borrowing
Key business metric – Cost of borrowing Successfully raised long term funds through multiple Development Financial Institutions Last 5 years Average cost of borrowing % Key business metrics Loan AUM growth 9.4% 9.4% 9.4% 9.3% 9.3% 9.0% 9.1% 9.1% 9.0% 9.1% 9.0% 9.1% Portfolio yield 8.8% 8.9% 8.8% 8.9
Slide 19: Key business metric – Asset quality
Key business metric – Asset quality Non performing assets have consistently been lower than the peer group through cycles Latest quarter Key business metrics GNPA % Q3FY24 Q3FY23 YoY Q2FY24 QoQ Last 5 years Loan AUM growth GNPA% NNPA% Portfolio yield Home Loan 1.60% 2.16% (0.56%) 1.74% (0.14%) Gold
Slide 20: Key business metric – Profitability
Key business metric – Profitability Net profit has grown at CAGR of 28%, despite covid & liquidity squeeze periods Key business metrics Last 5 years Loan AUM growth Profit after tax RoA RoE Portfolio yield Cost of borrowing 1,608 1,544 20.6% 19.9% 19.5% Asset quality 1,188 17.9% 15.3% 712 761 11.3%
Slide 21: Key business metric – Capital & gearing
Key business metric – Capital & gearing Robust financials, high capital adequacy with net gearing coming down Latest quarter Key business metrics (₹ Cr) Q3FY24 Q3FY23 YoY % Q2FY24 QoQ % Loan AUM growth Networth (Excl. Minority) 10,165 8,571 19% 9,640 5% Portfolio yield CRAR % Cost of borrowing IIFL
Slide 22: Key business metric – Liquidity
Key business metric – Liquidity Well covered to not only meet obligations but sustain growth as well Latest quarter Key business metrics Asset Liability Match (ALM) ₹ Cr Loan AUM growth Surplus across all buckets 68,994 Portfolio yield 56,454 68,994 Cost of borrowing 51,168 50,425 Last 5 years Asset
Slide 23: Agenda
Financial Performance Q3FY24 3–8 Key Business Metrics 10 – 16 Business Segments Overview 18 – 33 Corporate, Strategy and Others 35 – 45 Financials of the Subsidiaries 47 – 57 Link to download databook 58 17
Slide 24: Home loan – Industry overview & IIFL’s competitive edge
Home loan – Industry overview & IIFL’s competitive edge INDUSTRY OVERVIEW IIFL’S COMPETITIVE EDGE LEADING HFC IN AFFORDABLE HOUSING SPACE • Housing shortage (EWS/LIG): 9.5 Cr units • Strong player in the sub ₹20L loan ticket size category • EWS/LIG account for 95% of potential • Network of 386 home
Slide 25: Home loan – Product overview
Home loan – Product overview Small loans for affordable homes, in small towns and suburbs of metros Distribution of AUM as at December 31,2023 (₹ Cr) Tamil Nadu, Kerala, West Bengal, Assam, Odisha Primary focus on affordable and non-metro customers Puducherry, 2% 2% Karnataka, 5% Maharashtra 88%
Slide 26: Home loan – Financial overview
Home loan – Financial overview Improving yields and stable asset quality Portfolio yield (%) Quarterly Disbursements (₹ Cr) 2,428 2,380 11.1% 10.9% 2,131 1,882 1,880 10.3% 10.3% 10.0% 9.8% FY19 FY20 FY21 FY22 FY23 9MFY24 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 GNPA (%) Salaried and Self Employed Mix (%)
Slide 27: Loan Against Property – Industry overview & competitive edge
Loan Against Property (LAP) – Industry overview & IIFL’s competitive edge INDUSTRY OVERVIEW IIFL’S COMPETITIVE EDGE LEADING PLAYER WITH A WELL ESTABLISHED NETWORK • 6.4 Cr MSMEs in India with only 14% having access to credit TOTAL ADDRESSABLE • Leading player in the sub ₹30L secured loan ticket size
Slide 28: Loan Against Property – Product overview
Loan Against Property (LAP) – Product overview Focus on digital lending to MSME sector and individuals Distribution of AUM as at December 31,2023 (₹ Cr) For secured business loans against residential, commercial and industrial property Gujarat, 4% Bihar, 0% West Bengal, Odisha, 1% Rajasthan, 5%
Slide 29: Loan Against Property – Financial overview
Loan Against Property (LAP) – Financial overview Improving yields and asset quality; disbursals turning granular Portfolio Yield (%) Quarterly Disbursements (₹ Cr) 17.9% 18.7% 1,146 14.3% 14.8% 15.1% 15.0% 982 802 852 792 FY19 FY20 FY21 FY22 FY23 9MFY24 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 GNPA (%) On
Slide 30: Digital loan – Industry overview & competitive edge
Digital loan – Industry overview & IIFL’s competitive edge INDUSTRY OVERVIEW IIFL’S COMPETITIVE EDGE EXPANDING REACH DIGITALLY • Of the 6.4 Cr MSMEs, only 14% have access • 100% digital journey enabled through Account to credit TOTAL ADDRESSABLE Aggregator, o-KYC, e-KYC & c-KYC, OCR checks to limit
Slide 31: Digital loan – Product overview
Digital loan – Product overview Focus on digital lending to MSME sector and individuals Distribution of AUM as at December 31, 2023 (₹ Cr) Others, 9% For business loans backed by cash flows Andhra Pradesh, 3% Focus on balancing prudent credit underwriting with Madhya Pradesh, 2% instant in-princ
Slide 32: Digital Loan – Financial overview
Digital Loan – Financial overview Improving yields and asset quality and disbursals Portfolio Yield (%) Quarterly Disbursements (₹ Cr) 1,164 1,206 23.3% 21.8% 898 911 20.8% 20.6% 19.9% 19.7% 501 FY19 FY20 FY21 FY22 FY23 9MFY24 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 GNPA (%) Onboarding Average Ticket Siz
Slide 33: Gold loan – Industry overview & competitive edge
Gold loan – Industry overview & IIFL’s competitive edge INDUSTRY OVERVIEW IIFL’S COMPETITIVE EDGE LARGE BRANCH NETWORK BUILT ON CUSTOMER FOCUS • Among top two NBFCs in the country in gold loans • Gold holdings in India: 28,000 tonnes TOTAL ADDRESSABLE segment, having grown at a 5yr-CAGR of 39% over
Slide 34: Gold loans – Product overview
Gold loans – Product overview Secured low-risk short term loans to neighborhood customers Distribution of AUM as at December 31,2023 (₹ Cr) Assam, Tripura, 3% In-house loan origination through growing network of Bihar, Jharkhand, 2% Tamil Nadu, Puducherry, 3% branches and increasing use of digital
Slide 35: Gold loans – Financial overview
Gold loans – Financial overview Stable yields and asset quality Portfolio Yield (%) Quarterly Disbursements (₹ Cr) 19.0% 11,245 19.0% 18.1% 18.0% 17.5% 17.5% 9,304 8,984 8,533 7,177 FY19 FY20 FY21 FY22 FY23 9MFY24 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 GNPA Onboarding Average Ticket Size (₹ ‘000) 0.9% 6
Slide 36: Microfinance – Industry overview & competitive edge
Microfinance – Industry overview & IIFL’s competitive edge INDUSTRY OVERVIEW IIFL’S COMPETITIVE EDGE • Potential Households in eligible income ESTABLISHED BASE AND CONSISTENT TRACK RECORD category (HHs): 2.03 Cr • MFI Outreach: 28.5% • Major microfinance player with diversified geo presence • Averag
Slide 37: Microfinance loans – Product overview
Microfinance loans – Product overview Focus on self employed, low income women groups for micro business Distribution of AUM as at December 31,2023 (₹ Cr) Gujarat 2% Small-ticket loans for purpose of income generation Maharashtra,Goa 2% Assam,Tripura, Arunachal Pradesh 1% activities Jharkhand 3% K
Slide 38: Microfinance loans – Financial overview
Microfinance loans – Financial overview Improving yields and asset quality; disbursals picking up Portfolio yield% Quarterly Disbursements (₹ Cr) 3,750 23.4% 24.5% 22.6% 23.8% 3,053 22.3% 21.9% 2,917 2,699 2,277 FY19 FY20 FY21 FY22 FY23 9MFY24 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 GNPA (%) MFI - Non MF
Slide 39: Construction Real Estate (CRE) & Capital Market
Construction Real Estate (CRE) & Capital Market Not core but businesses synergistic to Group’s core businesses Construction and Real Estate (CRE) CRE Asset Under Management (₹ Cr) • IIFL Finance continues to provide funding for completion of its already funded projects, with appropriate internal 5,0
Slide 40: Agenda
Financial Performance Q3FY24 3–8 Key Business Metrics 10 – 16 Business Segments Overview 18 – 33 Corporate, Strategy and Others 35 – 45 Financials of the Subsidiaries 47 – 57 Link to download databook 58 34
Slide 41: Retail Lending: Phygital and Partnership model
Uniquely placed to dominate non banking retail lending Our business is built on Phygital and Partnership model Retail Lending Strong collateral or cash flow backed loans, in segments with robust growth potential Phygital Partnerships Physical Digital Banks Fintechs Network of 4,681 Innovative digita
Slide 42: Partnerships with banks for co-lending and co-origination
Our partnerships with banks for co-lending, co-origination and business correspondence.. Gold Loans Home Loans Colending disbursal (₹ Cr.) Co-lending as a % of AUM Colending disbursal (₹ Cr.) Co-lending as a % of AUM 4,185 818 4,161 4,311 4,123 643 654 1,900 34.6% 37.2% 222 255 24.3% 30.0% 18.3% 19.
Slide 43: Marquee global investors and shareholding pattern
Since inception, marquee global investors have reposed faith in our business & management Shareholding Pattern % holding Promoters 24.8 Institutional Investors 54.0 (Formerly CDC Group) Fairfax 15.1 2010 2016 Capital Group 7.9 DSP MF 3.8 Bank Muscat India Fund 3.3 Nomura 3.0 2007 2011 2022 Vanguard
Slide 44: Distinguished Board of Directors
Distinguished Board of Directors IIFL Finance – Board of Directors Nirmal Jain R Venkataraman A K Purwar Managing Director Joint Managing Director Chairman and Independent MBA, IIM Ahmedabad; MBA, IIM Bangalore; Director Rank holder CA & Cost accountant B-Tech, IIT Kharagpur M Com., Allahabad Univer
Slide 45: Experienced senior management team
Experienced senior management team IIFL Finance IIFL Home Finance IIFL Samasta Finance N Venkatesh Kapish Jain Monu Ratra Chief Executive Officer Group Chief Financial Officer Chief Executive Officer Strategic leadership Program Chartered Accountant Qualified architect and MBA in microfinance at Har
Slide 46: Environment, Social & Governance - Environment
Environment, Social & Governance - Environment Supporting a sustainable economy through focus on environment Adopting environmentally conscious solutions in our business initiatives as well IIFL has signed a US$ 68 million Pioneered Green Building concept in loan with Asian Development Bank (ADB) to
Slide 47: Environment, Social & Governance - Social
Environment, Social & Governance - Social Promoting financial inclusion IIFL is firmly committed to support economic activity and financial inclusion through its loan offerings while adapting to changes in the external environment. 60.3% of gold loan disbursed are of less than ₹ 50,000 value 99%
Slide 48: Environment, Social & Governance - Social: CSR projects
Environment, Social & Governance - Social CSR projects continue with creative use of technology Smart Shaala – Rajasthan (3 Districts) Home Stay Training for 160 Youths – Tezu, Arunachal Pradesh IIFL Foundation, has implemented the biggest TV based learning 𝗰𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲…
Slide 49: Environment, Social & Governance - Governance
Environment, Social & Governance - Governance Conducting our business with integrity Establishing vision, mission and values and determining, reviewing the goals and policies of the Company from time to time Promote sound corporate governance practices, Corporate policies and guidelines: Board Diver
Slide 50: Our ESG Impact
Our ESG Impact 44 Note: For more refer our Sustainability report – click here
Slide 51: IIFL’s brand and credibility recognized at various forums
IIFL’s brand and credibility recognized at various forums this quarter Recognized as Received Received 'Iconic Brand' by 'Best NBFC of the 'Best Customer The Economic Year Award' at Experience Strategy' Times NBFC Leadership at NBFC Leadership Awards 2023 Awards 2023 IIFL Samasta received Received M
Slide 52: Agenda
Financial Performance Q3FY24 3–8 Key Business Metrics 10 – 16 Business Segments Overview 18 – 33 Corporate, Strategy and Others 35 – 45 Financials of the Subsidiaries 47 – 57 Link to download databook 58 46
Slide 53: IIFL Finance – Group structure
IIFL Finance – Group structure IIFL Finance is listed holding NBFC with 2 major subsidiaries for housing & Micro-finance Consol AUM ₹73,066 Cr IIFL Finance Standalone Real Estate Capital Market Gold Loan LAP Digital Loan AUM Finance Finance (Listed) ₹31,430 Cr ₹24,692 Cr ₹221 Cr ₹3,905 Cr ₹2,125 Cr
Slide 54: Reconciliation of reported consolidated results with group entities
Reconciliation of reported consolidated results with group entities Nine monthly results for the period ended December 31, 2023 IIFL Finance IIFL Home IIFL Samasta Intergroup IIFL Finance ₹ Cr Standalone Finance* Finance adjustments Consolidated Interest income 2,223.3 1,920.1 1,599.2 98.5 5,841.1 I
Slide 55: IIFL Finance (Standalone): Quarterly results
IIFL Finance (Standalone): Quarterly results ₹ Cr Q3FY24 Q3FY23 Y-o-Y Q2FY24 Q-o-Q Interest income 667.6 675.2 (1%) 720.1 (7%) Interest expense (437.6) (365.0) 20% (407.5) 7% Net interest income 230.0 310.2 (26%) 312.6 (26%) Non-fund based income 448.5 310.5 44% 331.5 35% Total income 678.5 620.7 9%
Slide 56: IIFL Finance (Standalone): Financial trends
IIFL Finance (Standalone): Financial trends Robust financial performance and growth Loan AUM (₹ Cr) Profit after tax (PAT) (₹ Cr) On Book Off Book 745 806 31,430 25,573 19,199 21,109 16,057 451 420 14,460 343 149 14,640 17,666 12,305 13,119 12,625 14,048 FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY2
Slide 57: IIFL Finance (Standalone): Key ratios trends
IIFL Finance (Standalone): Key ratios trends Income, return, asset & leverage ratios Operating Expenses to Average AUM (%) Net Gearing Branch expansion 3.5 3.2 3.1 3.0 5.7% 2.7 5.6% 5.3% 5.0% 2.2 4.4% 4.2% FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9MFY24 Provisions to PPOP (%) Provisi
Slide 58: IIFL Home Finance (Consolidated): Quarterly results
IIFL Home Finance (Consolidated): Quarterly results ₹ Cr Q3FY24 Q3FY23 Y-o-Y Q2FY24 Q-o-Q Interest income 669.2 543.0 23% 636.0 5% Interest expense (327.3) (294.8) 11% (320.3) 2% Net interest income 342.0 248.2 38% 315.7 8% Non-fund based income 169.5 146.6 16% 157.6 8% Total income 511.5 394.8 30%
Slide 59: IIFL Home Finance (Consolidated): Financial trends
IIFL Home Finance (Consolidated): Financial trends Robust financial performance and growth Loan AUM (₹ Cr) Profit after tax (PAT) (₹ Cr) On Book Off Book 32,937 768 740 28,512 23,617 593 20,694 18,158 18,495 401 306 245 18,055 21,036 13,400 12,814 14,855 15,669 FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 F
Slide 60: IIFL Home Finance (Consolidated): Key ratios trends
IIFL Home Finance (Consolidated): Key ratios trends Income, return, asset & leverage ratios Operating Expenses to Average AUM (%) Net Gearing Branch expansion 6.9 6.0 5.6 1.7% 1.7% 4.6 1.4% 1.5% 1.2% 1.2% 2.4 2.3 FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9MFY24 Provisions to PPOP (%)
Slide 61: IIFL Samasta Finance: Quarterly results
IIFL Samasta Finance: Quarterly results ₹ Cr Q3FY24 Q3FY23 Y-o-Y Q2FY24 Q-o-Q Interest income 564.7 363.0 56% 547.0 3% Interest expense (226.5) (151.2) 50% (214.0) 6% Net interest income 338.3 211.8 60% 333.0 2% Non-fund based income 157.9 90.3 75% 147.6 7% Total income 496.2 302.1 64% 480.6 3% Oper
Slide 62: IIFL Samasta Finance: Financial trends
IIFL Samasta Finance : Financial trends Robust financial performance and growth Loan AUM (₹ Cr) Profit after tax (PAT) (₹ Cr) On Book Off Book 13,077 383 10,552 6,484 4,796 107 128 3,400 8,508 66 2,285 7,999 53 51 5,773 4,117 1,819 2,301 FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9MFY2
Slide 63: IIFL Samasta Finance: Key ratios trends
IIFL Samasta Finance : Key ratios trends Income, return, asset & leverage ratios Operating expense to Average AUM (%) Net Gearing 8.0% 7.1% 6.9% 7.2% 5.6 6.6% 5.3 5.5% 4.9 4.6 4.5 3.4 FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9MFY24 Provisions to PPOP (%) Provisions to Average Loan Bo
Slide 64: Link to download data book
Link to download data book Data reported across previous quarters is now continued to be reported in a Data Book, maintained in an excel format on our website. The Link for the data book is hosted below. Click here to download databook 58
Slide 65: Thank you
Thank you Published in October 2023 IIFL Finance Ltd. All rights reserved. Regd. Off: IIFL House, Sun Infotech Park, Road No. 16V, Plot No.B-23, Thane Industrial Area, Wagle Estate, Thane – 400604. This report is for information purposes only and does not construe to be any investment, legal or taxa