IIFL Wealth Q4 Review – A Mixed Quarter: Motilal Oswal

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IIFL Wealth Management Ltd.’s profit after tax grew 7% QoQ to Rs 1.03 billion (8% beat) in Q4 FY21.

The beat was driven largely by higher-than-expected transactional and brokerage income.

Core revenue (excluding other income) was largely flat at Rs 9.2 billion and profit after tax was up ~87% YoY to Rs 3.7 billion in FY21.

Excluding the impact of other income, core operating profit was also flat YoY at Rs 3.5 billion

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