Getty Images has buy call on IIFL Wealth Management with a target price of Rs 2217. The current market price of Ltd. is Rs 1823.2.
Time period given by analyst is one year when IIFL Wealth Management Ltd. price can reach defined target.
IIFL Wealth Management Ltd., incorporated in the year 2008, is a Mid Cap company (having a market cap of Rs 16202.91 Crore) operating in NBFC sector.
IIFL Wealth Management Ltd. key Products/Revenue Segments include Fees & Commission Income for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 523.72 Crore, up 11.74 % from last quarter Total Income of Rs 468.68 Crore and up 4.12 % from last year same quarter Total Income of Rs 502.98 Crore. Company reported net profit after tax of Rs 174.37 Crore in latest quarter.
Investment Rationale
The brokerage maintains BUY with an unchanged target price of Rs2,217 (24x FY24E PAT). Key risks: i) lower net flows and retentions, ii) higher cost.
Promoter/FII Holdings
Promoters held 23.21 per cent stake in the company as of 30-Jun-2022, while FIIs owned 22.36 per cent, DIIs 3.17 per cent.
Time period given by analyst is one year when IIFL Wealth Management Ltd. price can reach defined target.
IIFL Wealth Management Ltd., incorporated in the year 2008, is a Mid Cap company (having a market cap of Rs 16202.91 Crore) operating in NBFC sector.
IIFL Wealth Management Ltd. key Products/Revenue Segments include Fees & Commission Income for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 523.72 Crore, up 11.74 % from last quarter Total Income of Rs 468.68 Crore and up 4.12 % from last year same quarter Total Income of Rs 502.98 Crore. Company reported net profit after tax of Rs 174.37 Crore in latest quarter.
Investment Rationale
The brokerage maintains BUY with an unchanged target price of Rs2,217 (24x FY24E PAT). Key risks: i) lower net flows and retentions, ii) higher cost.
Promoter/FII Holdings
Promoters held 23.21 per cent stake in the company as of 30-Jun-2022, while FIIs owned 22.36 per cent, DIIs 3.17 per cent.
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