Financial Services firm IIFL Finance Ltd on Wednesday (July 30) reported a 19% year-on-year decline in net profit at ₹233.4 crore for the first quarter ended June, from ₹288 crore posted in Q1FY25.
Revenue from operations increased 12.7% to ₹2,952.8 crore against ₹2,621 crore a year ago.
IIFL Finance has announced a series of senior management changes effective July 30, 2025, based on the recommendations of its Nomination and Remuneration Committee. Mayank Sharma has been re-designated as the chief AI & innovation officer. He will also be designated as senior management personnel (SMP) of the company. Prior to this, he was serving as the head of internal audit.
Also Read: Muthoot, IIFL Finance shares recover after RBI governor clarifies on draft gold loan guidelines
KS Praveen has been appointed as the new chief of internal audit and will also be designated as SMP. Additionally, Binay Kumar Mishra has been appointed as the head – legal of the company, with the designation of SMP.
The results came after the close of the market hours. Shares of IIFL Finance Ltd ended at ₹503, down by ₹11.70 or 2.27%, on the BSE today, July 30.
Also Read: IIFL Finance Q4 profit falls YoY, but witnesses sequential rebound
