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IIFL Holdings on Thursday reported a 29 per cent surge in consolidated net profit at ₹301 crore for the quarter ended September 2018 over the year-ago period. Consolidated income stood at ₹1,056 crore, up 11 per cent y-o-y. However, its standalone net profit dipped ₹7.14 crore (₹18.30 crore). Nirmal Jain, its Chairman, said: “The last quarter performance has been good on the whole. Yet, the recent liquidity scare, market volatility and forthcoming elections can cause short-term head winds. We remain confident of the Indian economy and its financial sector’s long-term potential.”
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