IIFL Wealth Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015
May 07, 2015 at 06:36 am EDT
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IIFL Wealth announced consolidated earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, the company reported profit after tax at INR 363 million, up 66% year over year against INR 219 million a year ago. Income was INR 1,574 million, up 73% year over year against INR 910 million a year ago. Income from operations was INR 1,558 million against INR 908 million a year ago. EBITDA was INR 564 million against INR 313 million a year ago. Profit before tax was INR 524 million against INR 293 million a year ago.
For the year, the company reported profit after tax at INR 1,115 million, up 118% year over year against INR 512 million a year ago. Income was INR 4,573 million, up 89% year over year against INR 2,423 million a year ago. Income from operations was INR 4,518.2 million against INR 2,398.0 million a year ago. EBITDA was INR 1,753 million against INR 804 million a year ago. Profit before tax was INR 1,642 million against INR 743 million a year ago.
360 ONE WAM Limited, formerly IIFL Wealth Management Limited, is an India-based company that is primarily engaged in wealth and asset management services, including financial asset distribution, broking, lending, credit and investment solutions, and asset and portfolio management. The Companyâs segments include Wealth Management and Asset Management. The Wealth Management segment comprises distribution of financial products, advisory, equity and debt broking, estate planning and managing financial products essentially in the nature of advisory. The Wealth Management segment also includes lending and investment activities, which are complementary to wealth management activities and provided to or arise from servicing its clients under wealth management. The Asset management segment generally comprises management of pooled funds under various products and structures, such as mutual funds, alternative asset funds, portfolio management and related activities.
360 ONE WAM LIMITED 
