IIFL Finance has allotted 1000 Secured, Redeemable, Non-Convertible, Rated, Listed, Taxable Bonds in the nature of Debentures of Rs 10 lakh each for cash at par aggregating Rs 100 crore on private placement basis on 24 February 2021.

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IIFL Finance has allotted 56,689 Equity Shares to the employee(s) of the Company on exercise of stockoptions under Employee Stock Option Scheme(s).

Upon allotment, the equity base of the Company stand increased from 37,84,69,509 to 37,85,26,198Equity Shares of Rs. 2/- each.

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IIFL Finance has zoomed 85.55% in eight trading days from its previous closing low of Rs 114.9 on 21 January 2021. The stock hit a 52-week high of Rs 213.20 in intraday today. The counter is up 266% from its 52-week low of Rs 58.15 hit on 3 June 2020.

The counter was in demand after the NBFC posted stellar Q3 numbers on 29 January 2021. The company's net profit jumped 47.1% to Rs 268.33 crore on 31.9% rise in total income to Rs 1,530.27 crore in Q3 FY21 over Q3 FY20.

Operating profit in Q3 December 2020 stood at Rs 385.40 crore, up by 69.9% from Rs 226.78 crore in Q3 December 2019. The company's provisions and write-offs were at Rs 11.36 crore in the third quarter. Profit before tax jumped 47.8% to Rs 348.20 crore in Q3 FY21 from Rs 235.64 crore in Q3 FY20.

Assets under management rose 17% to Rs 42,264 crore in Q3 December 2020 from Rs 36,015 crore in Q3 December 2019. The NBFC's loan book increased by 19% to Rs 30,893 crore in Q3 FY21 from Rs 25,901 crore in Q3 FY20.

In Q3 FY21, the ratio of gross NPAs to net advances (GNPA) was 1.61% and the ratio of net NPAs to net advances (NNPA) was 0.77%. Not considering Supreme Court deferment order, proforma GNPA was 2.87% and NNPA was 1.46%.

IIFL Finance is a retail focused diversified NBFC that is engaged in the business of loans and mortgages along with its subsidiaries - IIFL Home Finance and Samasta Microfinance. The company offers home loan, gold loan, business loan, microfinance, capital market finance and developer & construction finance to over 4 million customers.

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IDBI Bank Ltd, Shriram City Union Finance Ltd, Sundaram Clayton Ltd and MSTC Ltd are among the other gainers in the BSE's 'A' group today, 01 February 2021.

IIFL Finance Ltd spiked 19.98% to Rs 176.25 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 4.31 lakh shares were traded on the counter so far as against the average daily volumes of 1.58 lakh shares in the past one month.

IDBI Bank Ltd soared 12.25% to Rs 31.15. The stock was the second biggest gainer in 'A' group. On the BSE, 36.23 lakh shares were traded on the counter so far as against the average daily volumes of 17.13 lakh shares in the past one month.

Shriram City Union Finance Ltd surged 11.46% to Rs 1134.1. The stock was the third biggest gainer in 'A' group. On the BSE, 32929 shares were traded on the counter so far as against the average daily volumes of 3289 shares in the past one month.

Sundaram Clayton Ltd advanced 10.86% to Rs 3519. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1305 shares were traded on the counter so far as against the average daily volumes of 795 shares in the past one month.

MSTC Ltd spurt 10.00% to Rs 224.4. The stock was the fifth biggest gainer in 'A' group. On the BSE, 1.62 lakh shares were traded on the counter so far as against the average daily volumes of 1.6 lakh shares in the past one month.

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