IIFL Wealth Management Q4FY22 and Year Ended result : Profit grew 60% to ₹165 Cr, AUM up by 26% for FY22

Net Cash flows are Rs 31,422 Crs for FY22 and Rs 7,036 Crs for Q4 FY22 Total Revenues are up 45.8% for FY22 at 1,536 Crs, and up 7.0% QoQ and 56.6% YoY to Rs 449 Crs Revenue from Operations up 12.0% QoQ and up 59.2% YoY to Rs 423 Crs

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IIFL Wealth Management Ltd is one of the fastest growing private wealth management firms in India with an AUM greater than USD 44 billion. IIFL Wealth serves the highly specialized and sophisticated needs of high net worth and ultra-high net worth individuals, affluent families, family offices and institutional clients through a comprehensive range of tailored wealth management solutions. The company has posted its Q4FY22 and year ended financial results on 5th May, 2022, the details are as below :

(I) Audited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹578.96 crore in the quarter ended on March 31, 2022 as against ₹435.88 crore in the corresponding quarter ended last year on Mar 31, 2021, increased by 32.83%.

The company has posted a consolidated Net Profit of ₹165.46 crore in the quarter ended on March 31, 2022 as against ₹103.30 crore in the corresponding quarter ended in last year on Mar 31, 2021. The PAT surges up by 60.17%.

The status of the EPS of the company stood at ₹18.29 as on March 31, 2022 compared to the previous quarter ended on Mar 31, 2021 which was ₹11.64, up by 57.13%.

₹*Mar 31, 2022 (Q4FY22)Dec 31, 21 (Q3FY22)Mar 31, 21 (Q4FY21)
Total Income578.96570.61435.88
Total Expenses364.81372.74301.07
PBT /(Loss)214.15197.87134.81
Total Tax /(credit)48.6944.9331.51
PAT /(Loss) [to the owners]165.46152.93103.30
*figures are in Crores

(II) Audited Consolidated Financial Result details for the Year Ended :

The company has reported, a consolidated Total Income of ₹2,077.83 crore in the financial year ended on March 31, 2022 as against ₹1,659.02 crore for the financial year ended on Mar 31, 2021, increased by 25.24%.

The company has posted a consolidated Net Profit of ₹577.73 crore in the financial year ended on March 31, 2022 as against ₹369.19 crore for the financial year ended on March 31, 2021. The PAT surges up by 56.49%.

The status of the EPS of the company stood at ₹64.10 as on March 31, 2022 compared to the previous year ended on March 31, 2021 which was ₹41.76, up by 53.50%.

₹*Mar 31, 2022 (FY22)Mar 31, 2021 (FY21)
Total Income2,077.831,659.02
Total Expenses1326.531174.09
PBT /(Loss)751.30484.92
Total Tax /(credit)173.56115.73
PAT /(Loss)577.73369.19
*figures are in Crores

(III) Key Highlights about the Performance :

  • Total AUM is up 26.4% for FY22 to Rs 2,61,745 Crs
  • Recurring Assets are up 42% over FY 21 at Rs 144K Crs, and Recurring Revenues are up 56% over FY 21 at Rs. 912 Crs. Recurring Revenues are now 65% of our overall revenues
  • Net Cash flows are Rs 31,422 Crs for FY22 and Rs 7,036 Crs for Q4 FY22
  • Total Revenues are up 45.8% for FY22 at 1,536 Crs, and up 7.0% QoQ and 56.6% YoY to Rs 449 Crs
  • Revenue from Operations up 12.0% QoQ and up 59.2% YoY to Rs 423 Crs
  • ARR Revenues up 3.0% QoQ and up 56.9% YoY to 252 Crs
  • Total Costs are up 38.1% for FY22 at Rs 784 Crs, and up 5.8% QoQ and 54.4% YoY to Rs 235 Crs
  • Total Employee Costs up 4.2% QoQ to 178 Crs
  • Administrative Costs are up 11.2% QoQ to Rs 57 Crs
  • Cost to income Ratio decreased to 52.3% from 52.9% QoQ, and was at 51.1% for FY22
  • Operating Profits (OPBT) is up 76.7% for FY22 at Rs 614 Crs, and up 20.8% QoQ and 65.7% YoY to Rs 188 Crs
  • Tangible RoE for Q4 FY22 is at 28.1%, and 24.7% for the full year FY22

Shares of IIFL Wealth Management Ltd was last traded in BSE at ₹1717.20 as compared to the previous close of ₹1770.75. The total number of shares traded during the day was 48472 in over 1657 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 1779.90
  • Intraday low of ₹ 1691.30