Prabodh Agarwal, Chief Financial Officer At IIFL Holdings
Key highlights :-
✅ Expect the cost of funds to increase by 20-30 basis points in the current quarter.
✅ Company looking to pass the incremental cost to customers.
✅ Expect to maintain Net Interest Margins around 6-7 percent.
✅ Promoters not looking to exit the business.
✅ Expect long runway for all three businesses- NBFC, Wealth and Capital Markets.
✅ Demerger to enhance cross-selling opportunities.
✅ NBFC contributed 50 percent of the net profit during April-December period, while Wealth and Capital Markets added 30 percent and 20 percent respectively.