IIFL Wealth Q4 Review - A Mixed Quarter: Motilal Oswal
A man holds a two thousand Indian rupee banknote for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

IIFL Wealth Q4 Review - A Mixed Quarter: Motilal Oswal

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Motilal Oswal Report

IIFL Wealth Management Ltd.'s profit after tax grew 7% QoQ to Rs 1.03 billion (8% beat) in Q4 FY21.

The beat was driven largely by higher-than-expected transactional and brokerage income.

Core revenue (excluding other income) was largely flat at Rs 9.2 billion and profit after tax was up ~87% YoY to Rs 3.7 billion in FY21.

Excluding the impact of other income, core operating profit was also flat YoY at Rs 3.5 billion

Click on the attachment to read the full report:

Motilal Oswal IIFL Wealth Q4FY21 Result Update.pdf

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