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IIFL Finance Ltd
NSE: IIFL BSE: 532636 INE530B01024 Financial Services NBFC 🔎 Screen
NIFTY 500 Smallcap 50 Smallcap 100 Smallcap 250
₹19,835 Cr
Market Cap
1.43
P/B
10.30%
NIM
12.6%
ROE
GNPA
Fin. Margin
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📈 Price History
Ratio Health
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By Category
Shareholding
About

IIFL Finance Ltd is a diversified NBFC in India engaged in the business of loans and mortgages along with its subsidiaries. It offers offering diversified loan products, including home, gold, MSME, microfinance, and capital market finance.

✓ Strengths 1
  • Company is expected to give good quarter
! Concerns

No concerns data yet.

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📈 Growth Pattern
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3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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Strong beat: PAT up 148% YoY and 24% QoQ, driven by gold loan AUM growth of 150% YoY, with asset quality improvement (GNPA 1.5%) and scaling of co-lending (cumulative originations >₹50,000 Cr, zero losses). quarter Investor Presentation One-Pager? Mar 2026
Revenue
₹2,090 Cr
+51% YoY, driven by 150% YoY growth in gold loan AUM
PAT
₹623 Cr
+148% YoY, +24% QoQ; FY26 PAT at ₹1,817 Cr (+214% YoY on a low base)
GNPA
1.5%
down 14 bps QoQ, 77 bps YoY; net NPA at 0.7%
AUM
₹1,08,180 Cr
+38% YoY, +10% QoQ; gold loans now 49% of AUM
What Went Right
  • Gold loan AUM surged 150% YoY to ₹52,581 Cr (21% QoQ), with asset quality strong at 0.35% GNPA and LTV of 63%.
  • Pre-provision operating profit grew 80% YoY to ₹1,173 Cr, reflecting operating leverage and higher off-book income (₹773 Cr, up 189% YoY).
  • Asset quality improved: consolidated GNPA down to 1.5% from 2.23% a year ago, provision coverage at 93%.
  • Co-lending cumulative originations crossed ₹50,000 Cr (FY14-Q4FY26) with zero losses; off-book mix at 35% of AUM.
  • AI-led initiatives generating ~₹1,000 Cr monthly pipeline; 1,895 loans flagged by AI fraud detection.
What to Watch
  • MSME loan asset quality deteriorated: GNPA rose to 2.85% in Q4 (vs 1.76% YoY), with unsecured MSME GNPA at 3.36% and supply chain at 4.11%.
  • Home finance PAT declined 21% YoY to ₹177 Cr in Q4, impacted by margin compression (yield down ~42 bps YoY) and higher provisions.
  • Microfinance segment remains weak: AUM down 7% YoY to ₹9,143 Cr; Samasta Finance FY26 PAT flat at just ₹21 Cr, far below FY24's ₹503 Cr.
  • Discontinued business (₹2,650 Cr AUM) continues to weigh with GNPA at 14.83%, though winding down.
  • FY26 PAT growth of 214% YoY is flattered by a very low base (FY25 had a ₹586.5 Cr exceptional loss); normalized growth is lower.
Investor Lens
The thesis of a secured lending pivot is strong: gold loan AUM grew 150% YoY, now 49% of total AUM, with industry-leading GNPA of 0.35%. Co-lending partnerships (35% off-book mix, zero losses) provide capital-light scaling. However, credit quality in MSME and supply chain (GNPA >4%) and the still-muted microfinance recovery (Samasta ROE just 1.1%) are concerns. PAT beat in Q4 is partly recovery from a depressed base; revenue growth momentum (+51% YoY) is genuine. Key to watch in FY27: sustainability of gold loan growth, MSME NPA trends, and whether home finance margins stabilize. Exceptional items are behind, but credit costs may normalize upward as the portfolio matures.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG IIFL posts 148% YoY net profit growth to ₹623 Cr
Revenue
IIFL's revenue grew 42.5% YoY to ₹3,692 Cr, with a 7.7% QoQ increase. This significant growth indicates a strong performance. Revenue has more than doubled from the previous year's comparable quarter.
Profitability
Net profit surged 148.2% YoY to ₹623 Cr, with EPS rising to 13.80 from 4.89. The company's profitability has seen a substantial increase. PBT stood at ₹833 Cr, with a tax rate of 25%.
Margins
Financing margin percentage stood at 24%, up from 14% in the same quarter last year. However, it has decreased from 21% in the previous quarter. This volatility in margins may be a point of concern.
Cash Flow
Not applicable for banking/financial companies.
Balance Sheet
Total assets stood at ₹89,059 Cr, with reserves at ₹13,835 Cr. The company's balance sheet appears robust, with significant assets and reserves.
Key Risks
IIFL faces risks from potential NIM compression, asset quality deterioration, and credit cost increases. Regulatory changes could also impact the company's operations and profitability.
Outlook
Looking ahead, IIFL's growth momentum is expected to continue, driven by its strong revenue and profitability performance. However, the company must navigate potential risks and challenges to sustain its growth trajectory.
Generated by AI · Mar 2026 results · Not investment advice
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🏦 Banking KPIs

NIM, GNPA, CASA, CAR, ROA, ROE and more — extracted from investor presentations
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