IIFL is basically a non-banking finance company. But, in the recent past it has entered into the manufacturing of information technology and software products. Because of being an NBFC its main income is from providing financial assistance for various business activities. The principle business activity of the Company is providing financial help and loan. They mainly help companies engaged in industrial and trading business in India. So, the main stream of income is the interest.
Under the IT segment, the company is engaged in providing software support, software development, selling of desktop, laptop, printers, scanner, other hardware products with hardware as well as networking services to its customers.
By providing financial assistance to the companies and consultancy in IT, the company showed huge returns for the last 3 quarters. After the announcement of the next quarter results, it will be reflected in the EPS of the company. Technically, it’s positioned to rise and beat expectations from the beginning of 2018. So buy and hold is the policy for this scrip.