Your understanding is correct. But Gold loan is provided for a small duration of time i.e. 6-9 months. So the current loans will become null by Dec 2024. And if company won’t give new gold loans, it means the gold loan book will become zero for IIFL by end of year.
And since expenses will still be same, it will hurt the earnings of company badly. I will be surprised if company is even able to manage current earnings in FY25.
| Subscribe To Our Free Newsletter |
