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IIFL Finance Q2 profit nearly doubles to Rs 805 crore; AUM rises 38%

IIFL Finance Q2 profit nearly doubled to Rs 805 crore with AUM up 38%.

Context
What happened: IIFL Finance reported a rise in profit after tax for the quarter to Rs 805 crore, with assets under management increasing to Rs 1.24 lakh crore. Key numbers: Profit after tax Rs 805 crore. AUM Rs 1.24 lakh crore, up 38%. Why it matters: The company attributed the profit growth to stronger operating leverage and reduced loan losses, while AUM growth was driven primarily by gold loans.
What changed
IIFL Finance reported a rise in profit after tax for the quarter to Rs 805 crore, with assets under management increasing to Rs 1.24 lakh crore.
Why it matters
The company attributed the profit growth to stronger operating leverage and reduced loan losses, while AUM growth was driven primarily by gold loans.
Sources
economictimes
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