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While a rightful discount to HDFC AMC is justified, RNAM is trading at a discount to IIFL wealth, which is unwarranted.
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While the company, with diversified business segments, has many growth drivers, we are most excited about its wealth management business
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IIFL and Edelweiss, with diversified business segments, have unique growth drivers and remain key beneficiaries of increased penetration of financials services.
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Expectations were running low on account of pre-GST implementation adjustments in the quarter, and overall, the Nifty earnings have not resulted in any incremental negative surprise.
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Decoding the company‘s third quarter earnings, Group CFO Prabodh Agrawal said that by February the company should be back to pre-demonetisation levels for disbursements. The company is seeing a recovery in January, he said.
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Giving an outlook for the company, Prabodh Agrawal, Group CFO of IIFL said that there has been a slowdown in the mutual fund distribution business but the company has coped well with changes in mutual fund fee structure.
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IIFL Holdings, the listed entity of the IIFL group, reported a 28 percent increase in consolidated net profit of Rs 140.3 crore for the September quarter on better asset quality and overall growth in revenue
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In an interview with CNBC-TV18's Sonia Shenoy and Anuj Singhal, IIFL Chairman Nirmal Jain discussed the company's first-quarter earnings, his view on the earnings season and the economy overall, and the outlook on markets.
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According to Bhavesh Gandhi of IIFL the margins were below their estimates despite Q2 and Q3 being a seasonally strong quarter.
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The company reported a consolidated net profit of Rs 112.3 crore which was up 2.6 percent versus Rs 109.5 crore quarter-on-quarter (Q-o-Q) for the third quarter ended December 2014
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Rajiv Mehta, however, expects the net interest margins to improve marginally in the current quarter.
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IIFL has upgraded the stock to buy with a target price of Rs 425 and has revised the earnings estimates by around 6-8 percent for JLR operations said Prayesh Jain.
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R Venkatraman, MD, India Infoline Group expects challenges for capital markets segment to continue going ahead.
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Abhishek Anand, VP -Telecom, Centrum Wealth Management said revenues from Africa operations were better than expectations and that overall operating numbers were decent.
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Maruti Suzuki (MSIL) surpassed street expectations with the third quarter net profit rising 36 percent year-on-year, driven by strong operational performance, higher localisation and favourable forex. Quarter-on-quarter growth was 1.6 percent. The market share of the company increased 2.5 percent to 42.8 percent in the quarter gone by.
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HCL's EBITDA margins for the quarter at 26 percent could have been aided by perational efficiencies given the strong growth in infrastructure management services, Rajiv Mehta, IT Analyst, India Infoline said.
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With oil and gas major delivering a set of numbers that were in line with what the street was expecting, analysts discuss how much value the stock can create for a shareholder.
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IIFL expects the company to post 13 percent profit expansion to Rs 2700 crore and revenue growth of 2.6 percent in dollar terms quarter-on-quarter.
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In an interview to CNBC-TV18, R Venkataraman, Managing Director, India Infoline elaborates on the reasons why the company reported a dip in PAT from the previous quarter.
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In an interview to CNBC-TV18, Nirmal Jain, chairman, India Infoline said overall the growth has been healthy across all segments. Year-on-year basis net profit had doubled and income too was up.
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Reporting a 2.4% slip in the consolidated income in the first quarter of FY12, financial service provider IIFL says the brokerage industry is facing harsh times, however, believes the long term potential of the business is still going strong.
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Speaking to CNBC-TV18, executive director R Venkataraman said the company registered significant growth in financing income. "Higher interest costs have impacted net income margins this time around," he said.
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Prabhudas Lilladher has come out with its earning estimates on financial services sector for the quarter ended March 2011. According to the research firm, India Infoline March quarter net sales are expected to go up by 20.3% at Rs 372.3 crore, year-on-year, (YoY) basis.
