IIFL Capital Services Experiences Revision in Its Stock Evaluation Amid Strong Financial Performance

IIFL Capital Services has recently undergone an adjustment in its evaluation by MarketsMOJO, reflecting a nuanced perspective on the stock's performance amidst a backdrop of solid financial metrics. The company, a notable player in the finance and non-banking financial company (NBFC) sector, continues to demonstrate strong long-term fundamentals, underscored by an impressive average Return on Equity (ROE) of 20.84%.
In its latest financial disclosures for September 2024, IIFL Capital Services reported a commendable net profit growth of 12.65%, marking the seventh consecutive quarter of positive financial performance. The company’s net sales for the half-year reached Rs 1,285.29 crore, showcasing a robust growth trajectory of 40.31%. Furthermore, the profit after tax (PAT) for the quarter hit Rs 205.06 crore, with earnings per share (EPS) also achieving a record high of Rs 6.64.

However, despite these encouraging indicators, the company has exhibited a modest long-term growth rate in operating profit of 2.77% annually. The stock remains in a mildly bullish technical range, bolstered by significant institutional holdings, which currently stand at 22.7%—an increase of 2.01% from the previous quarter.

In light of these developments, IIFL Capital Services has been added to MarketsMOJO's list, indicating a recognition of its potential within the market landscape. Investors and analysts alike will be keenly observing how the company navigates its growth trajectory in the coming quarters.