Financial Services firm IIFL Finance Ltd on Wednesday (July 30) reported a 19% year-on-year decline in net profit at ₹233.4 crore for the first quarter ended June, from ₹288 crore posted in Q1FY25.
Revenue from operations increased 12.7% to ₹2,952.8 crore against ₹2,621 crore a year ago.
IIFL Finance has announced a series of senior management changes effective July 30, 2025, based on the recommendations of its Nomination and Remuneration Committee. Mayank Sharma has been re-designated as the chief AI & innovation officer. He will also be designated as senior management personnel (SMP) of the company. Prior to this, he was serving as the head of internal audit.
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KS Praveen has been appointed as the new chief of internal audit and will also be designated as SMP. Additionally, Binay Kumar Mishra has been appointed as the head – legal of the company, with the designation of SMP.
The results came after the close of the market hours. Shares of IIFL Finance Ltd ended at ₹503, down by ₹11.70 or 2.27%, on the BSE today, July 30.
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(Edited by : Shoma Bhattacharjee)