In a recent announcement, IIFL Finance, a prominent finance and investment services company, revealed an interim dividend of Rs 4 per equity share with a face value of Rs 2. The Board of Directors has set January 25, 2024, as the record date for this corporate action, signifying the day when the company finalizes its list of eligible shareholders to receive the dividend.
The company has assured shareholders that the interim dividend will be disbursed on or before February 15, 2024, providing timely returns to its investors.
Despite this positive development, IIFL Finance reported a 17.2% year-on-year decline in standalone net profit, which amounted to Rs 131.6 crore for the quarter ending December. On a consolidated basis, however, the company demonstrated resilience, achieving a substantial 28.8% surge in net profit to reach Rs 545.19 crore in Q3FY24. The mixed financial results highlight the company’s commitment to shareholder value through dividend distribution, even amid challenging market conditions.
