IIFL Finance will hold a meeting of the Board of Directors of the Company on 31 October 2024Powered by Capital Market - Live

Net loss of IIFL Finance reported to Rs 157.67 crore in the quarter ended September 2024 as against net profit of Rs 474.26 crore during the previous quarter ended September 2023. Sales rose 3.78% to Rs 2571.90 crore in the quarter ended September 2024 as against Rs 2478.30 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2571.902478.30 4 OPM %57.0464.63 - PBDT492.98726.77 -32 PBT446.83683.51 -35 NP-157.67474.26 PL Powered by Capital Market - Live

IIFL Finance will hold a meeting of the Board of Directors of the Company on 23 October 2024.Powered by Capital Market - Live

IIFL Finance announced that CRISIL has removed 'Rating watch with developing implications' for IIFL Finance, IIFL Home Finance (HFC) and IIFL Samasta Finance (Samasta), both being material subsidiaries of IIFL Finance. Further, CRISIL has also reaffirmed it's ratings and has assigned the outlook as 'Stable' for Bank Loan Facilities, Non- Convertible Debentures and reaffirmed A1+ for Commercial Papers of IIFL Finance, HFC and Samasta.Powered by Capital Market - Live

The Board of IIFL Finance has approved the appointment of Ms. Preeti Kannan as Chief Human Resources Officer, Senior Managerial Personnel of the Company effective 27th September 2024.Powered by Capital Market - Live

The domestic equity benchmarks extended gains in morning trade. The Nifty marched above the 25,550 mark. Metal shares advanced after the declining in previous three consecutive trading sessions. At 10:30 ST, the barometer index, the S&P BSE Sensex, advanced 542.76 points or 0.66% to 83,733.43. The Nifty 50 index added 167.90 points or 0.66% to 25,586.60. The Sensex clocked an all-time high of 83,805.26 in morning trade. Further, the Nifty Bank hit a life high of 53,434.25 in intraday today. In the broader market, the S&P BSE Mid-Cap index added 0.25% and the S&P BSE Small-Cap index rose 0.64%. The market breadth was strong. On the BSE, 2,233 shares rose and 1,341 shares fell. A total of 174 shares were unchanged. Buzzing Index: The Nifty Metal index added 1.56% to 9,395.30. The index fell 0.69% in past three consecutive trading sessions. JSW Steel (up 3.23%), NMDC (up 1.63%), Tata Steel (up 1.61%), Hindalco Industries (up 1.59%) and Hindustan Zinc (up 1.33%), Adani Enterprises (up 1.21%), Jindal Steel & Power (up 1.02%), National Aluminium Company (up 0.96%), Hindustan Copper (up 0.85%) and Jindal Stainless (up 0.84%) advanced. Stocks in Spotlight: IIFL Finance surged 9.76% after the Reserve Bank of India (RBI) has lifted the restrictions imposed on the gold loan business of the company. Power Grid Corporation of India added 1.16% after the company said that it has declared a successful bidder for establishing an inter-state transmission system the Khavda project in Gujarat. Powered by Capital Market - Live

The RBI's decision is effective immediately and allows the company to resume the sanctioning, disbursal, assignment, securitization, and sale of gold loans in compliance with all relevant laws and regulations. These restrictions were earlier imposed on 4 March 2024, which prohibited the company from sanctioning, disbursing, or assigning/securitising/selling any of its gold loans. IIFL Finance, a leading retail-focused NBFC in India, offers loans and mortgages through its subsidiaries. With a wide range of products and a vast customer base, they operate across India through branches and digital channels. The company's consolidated net profit declined 32.3% to Rs 288.06 crore in Q1 FY25 as compared with Rs 425.40 crore in Q1 FY24. Total income jumped 10.7%YoY to Rs 2625.39 crore during the quarter.Powered by Capital Market - Live

Securities in F&O ban : Aarti Industries , Biocon, Birla Soft, Chambal Fertilisers and Chemicals, Gujarat National Fertilisers and Chemicals (GNFC), Granules India, LIC Housing Finance, National Aluminium, Oracle Financial Services, Punjab National Bank (PNB), SAIL. Stocks to watch: IIFL Finance said that the RBI lifted its restrictions imposed in March on gold loans businesses. The company can now resume sanctioning, disbursal, assignment, securitisation, and sale of gold loans. NTPC received investment approval for Darlipali Project at an estimated cost of Rs 11,131 crore and received investment approval for Sipat project at an estimated cost of Rs 9,791 crore. Reliance Infrastructure board approved raising up to Rs 3,014 crore via preferential issue of shares. It will also seek shareholder's nod to raise another Rs 3,000 crore. IDBI Bank received RBI approval for re-appointment of V Vaidyanathan as MD & CEO for three years. Power Grid Corporation of India was declared a successful bidder for the Khavda Transmission project in Gujarat. Jyothy Labs acquired laundry services brand Quiclo from Smartwash Solutions along with its software and customer database for Rs 70 lakh to strengthen its laundry business and customer base in Hyderabad. Sandur Manganese has received consent from Karnataka pollution board for operations of the company's manganese and iron ore mines for the enhancement of manganese ore production from current 0.43MTPA to 0.55 MTPA. EMS' board approved raising up to Rs 400 crore via Qualified Institutional Placement (QIP).Powered by Capital Market - Live

IIFL Finance announced that Geeta Mathur (DIN: 02139552) has completed her second term as an Independent Director and consequently ceased to be an Independent Director of the Company effective 17 September 2024, close of business hours. Powered by Capital Market - Live

IIFL Finance announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live