IIFL net jumps 62% in Q4

Brokerage and wealth management company India Infoline has reported a nearly 62 per cent increase in its fourth quarter net profit at ₹131.7 crore, over the same period last year. For Q4 FY15, consolidated income stood at ₹1,056.7 crore, up 34 per cent year-on-year and 14.3 per cent from the preceding quarter. For the whole year, consolidated income rose 29.2 per cent to ₹3,666.4 crore while PAT jumped nearly 61 per cent to ₹447.3 crore y-o-y. The asset management business grew 43 per cent during the quarter, at nearly ₹50 crore, while the biggest year-on-year increase was in the brokerage business, which grew over 1,200 per cent to earn ₹48.4 crore.