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IIFL Finance Q2 profit nearly doubles to Rs 805 crore; AUM rises 38%

IIFL Finance Q2 profit nearly doubles to Rs 805 crore; AUM rises 38%

IIFL Finance's profit after tax nearly doubled to Rs 805 crore in Q2, driven by stronger operating leverage and reduced loan losses. Assets under management rose 38% to Rs 1.24 lakh crore, primarily due to growth in gold loans.

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