Healthy profitability aided by NIM expansion

19 Jan 2024
5 Min read 
  • IIFL Finance reported a healthy profitability in 3QFY24, aided by NIM expansion.
  •  AUM grew 34% YoY and PAT increased 30% YoY, despite lower non-interest income.
  •  The company expects stable NIM trajectory and credit costs to remain around 2%.
  •  Asset quality continues to strengthen, with NNPA below 1%.
  •  The stock has a BUY rating with a target price of INR800.
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