In comparison, the company had posted a profit after tax (PAT) of Rs 46.48 crore in the year-ago period, IIFL Securities said in a regulatory filing to BSE.
Total income rose by 2 per cent to Rs 214.98 crore from Rs 210.22 crore in the December quarter of the preceding fiscal.
R Venkataraman, managing director of IIFL Securities, said, “Investment banking business continues to gain traction. We are uniquely placed as we have strong distribution capabilities across retail, HNI and institutional segments.”
“With the lockdown getting lifted and the macroeconomic environment gradually improving, the outlook for the sector continues to remain sanguine,” he added.
IIFL Securities along with its subsidiaries offers advisory and broking services, financial products distribution, institutional research and investment banking services.