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IIFL Finance Limited — Investor Meet, 23-10-2024: Analysts/Institutional Investor Meet/Con. Call Updates
23-10-2024 · 08:02 pm
IIFL Finance reported a consolidated net loss of ₹93 crore for Q2FY25, a significant decrease from profits last year. Home loans and loan against property saw growth of 21% and 18% respectively, while gold loans dropped by 54%. The Reserve Bank of India lifted an embargo on gold loans this quarter. Despite the challenges, management remains optimistic about recovery and growth, citing enhanced compliance and distribution strategies.
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