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IIFL Finance Ltd

| Audited Consolidated Financial Results for the Quarter and Year Ended March 31, 2026

Report Source

⬤29th Apr 26

Summary : IIFL Finance reported strong FY26 results, raised significant capital, appointed new leadership, and received an unmodified audit opinion.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Consolidated: Finance cost (₹5,717.37 Cr), Impairment on financial instruments (₹1,738.19 Cr), Employee benefits expenses (₹2,110.51 Cr) for FY26
  2. Standalone: Finance cost (₹3,273.29 Cr), Impairment on financial instruments (₹705.59 Cr), Employee benefits expenses (₹1,076.06 Cr) for FY26
  3. Consolidated: Interest income (₹11,753.72 Cr), Fees and commission income (₹498.09 Cr), Net gain on fair value changes (₹1,068.92 Cr) for FY26
  4. Standalone: Interest income (₹6,438.86 Cr), Fees and commission income (₹151.69 Cr), Net gain on fair value changes (₹735.41 Cr) for FY26
  5. Consolidated Net cash from operating activities: ₹1,241.18 Cr (FY26), Net cash used in investing activities: (₹2,605.61) Cr (FY26), Net cash from financing activities: ₹17,843.20 Cr (FY26)
  6. Standalone Net cash from operating activities: ₹1,085.03 Cr (FY26), Net cash used in investing activities: (₹271.03) Cr (FY26), Net cash from financing activities: ₹14,286.19 Cr (FY26)
  7. Consolidated Total Assets: ₹89,059.04 Cr (FY26), Loans: ₹70,911.07 Cr (FY26), Total Equity: ₹15,619.09 Cr (FY26)
  8. Standalone Total Assets: ₹49,634.21 Cr (FY26), Loans: ₹38,135.72 Cr (FY26), Total Equity: ₹7,560.71 Cr (FY26)
  9. Disclosure of Related Party Transactions filed via XBRL mode
  10. Both Audited Consolidated and Standalone Financial Results presented
  11. Consolidated includes holding company, one subsidiary, two standalone subsidiaries

Corporate Overview

  1. All activities carried out within India
  2. Income-tax department search and assessment proceedings
  3. Re-assessment of NPA levels for IIFL Home Finance
  4. Impact of new Labour Codes on gratuity
  5. Financing and investing activities
  6. Non-Banking Financial Company (NBFC)
  7. Interest income
  8. Fees and commission income
  9. Net gain on fair value changes
  10. Raising funds via Non-Convertible Securities (NCDs) up to ₹10,000 Crores
  11. Approved Shelf & Tranche I prospectus for NCDs up to ₹2,000 Crores

Risk Factors

  1. Income-tax department search ongoing.
  2. Re-assessed NPA levels increased.
  3. New Labour Codes impact uncertain.
  4. Regulatory compliance for NBFCs.

Key Drivers

  1. Strong financial performance, increased profits.
  2. Successful fund-raising via NCDs.
  3. New Business Head for Loan Against Property.
  4. Unmodified audit opinion on financial results.

Auditor’s Report

  1. Unmodified opinion for both Consolidated and Standalone Financial Results
  2. Consolidated results include financial results of one subsidiary and two standalone subsidiary companies audited by other auditors
  3. Statement includes balancing figures for quarter/year-end, subject to limited review for unaudited figures

Board Commentary

  1. Appointment of Mr. Vinay Agrawal as Business Head - Loan Against Property
  2. Interim dividend of ₹4/- per equity share for FY 2025-26 declared
  3. Income-tax department search and ongoing assessment
  4. Re-assessed NPA levels for IIFL Home Finance
  5. Income-tax Department search under Section 132
  6. Re-assessment of NPA levels due to NHB advisory
  7. Impact of new Labour Codes on gratuity
  8. Annual resolution for raising funds up to ₹10,000 Crores via NCDs
  9. Approved Shelf & Tranche I prospectus for NCDs up to ₹2,000 Crores

Management Discussion & Analysis

Future Strategy

  1. Continued focus on financing and investing activities
  2. Strategic fund-raising through NCDs

Operational Focus Areas

  1. Compliance with regulatory guidelines (RBI, SEBI)
  2. Monitoring impact of new Labour Codes

Performance Drivers

  1. Growth in loans and investments
  2. Increased net profit after tax

Risk Control Measures

  1. Cooperating with Income-tax authorities
  2. Management believes no material adverse impact from tax search
  3. Monitoring Labour Code finalization for appropriate accounting

Critical Risks

  1. Potential impact from Income-tax department search
  2. Increased NPA levels in IIFL Home Finance
  3. Uncertainty regarding final Labour Code rules