*IIFL Wealth Management Ltd. - C* | *CMP* Rs. 1573 | *M Cap* Rs. 13912 Cr | *52 W H/L* 1818/857
(Nirmal Bang Retail Research)
*Result has improved*
• AUM has grown in line with the wealth management industry at 9% QoQ
• However, higher revenue yield led to QoQ Revenue & Profit growth of 24% & 22% resp.
• Revenue yield came at 0.65% of AUM vs QoQ 0.57% (FY21 at 0.62%)
Total Income came at Rs. 415.6 Cr vs YoY Rs. 287.8 Cr, QoQ Rs. 334.1 Cr
PBT came at Rs. 186.7 Cr vs YoY Rs. 116.2 Cr, QoQ Rs. 149.7 Cr
PAT came at Rs. 142.5 Cr vs YoY Rs. 87.1 Cr, QoQ Rs. 116.9 Cr
AUM came at Rs. 256589 Cr vs YoY Rs. 187097 Cr, QoQ Rs. 235213 Cr
Recurring Revenue Assets came at Rs. 131977 Cr vs YoY Rs. 79142 Cr, QoQ Rs. 117463 Cr
Brokerage Assets came at Rs. 124612 Cr vs YoY Rs. 56066 Cr, QoQ Rs. 117750 Cr
Quarter EPS is Rs. 16.1
Share is trading at P/E of 24.4x its Q2 annualised EPS & 4.9x trailing P/BV