IIFL Wealth Management Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
February 02, 2022 at 07:58 pm IST
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IIFL Wealth Management Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported revenue was INR 5,706.19 million compared to INR 4,656.75 million a year ago. Net income was INR 1,529.36 million compared to INR 964.83 million a year ago. Basic earnings per share from continuing operations was INR 17.28 compared to INR 11.03 a year ago. Diluted earnings per share from continuing operations was INR 16.92 compared to INR 10.93 a year ago.
For the nine months, revenue was INR 14,988.64 million compared to INR 12,231.32 million a year ago. Net income was INR 4,122.78 million compared to INR 2,658.88 million a year ago. Basic earnings per share from continuing operations was INR 46.74 compared to INR 30.46 a year ago. Diluted earnings per share from continuing operations was INR 45.83 compared to INR 30.13 a year ago.
360 ONE WAM Limited, formerly IIFL Wealth Management Limited, is an India-based company that is primarily engaged in wealth and asset management services, including financial asset distribution, broking, lending, credit and investment solutions, and asset and portfolio management. The Companyâs segments include Wealth Management and Asset Management. The Wealth Management segment comprises distribution of financial products, advisory, equity and debt broking, estate planning and managing financial products essentially in the nature of advisory. The Wealth Management segment also includes lending and investment activities, which are complementary to wealth management activities and provided to or arise from servicing its clients under wealth management. The Asset management segment generally comprises management of pooled funds under various products and structures, such as mutual funds, alternative asset funds, portfolio management and related activities.