IIFL Finance Profit Nearly Triples, Stock Slips 1%

July 22, 2026July 22, 2026

IIFL Finance touched a day’s high of Rs 587.60 on the BSE on Wednesday, before slipping into the red as the session wore on.

Consolidated net profit surged 189.3% year on year to Rs 675.1 crore, up from Rs 233.4 crore in the same quarter last year.

Net interest income rose 54.8% to Rs 2,003.9 crore, while provisions for bad loans dropped to Rs 294.2 crore from Rs 512.5 crore a year ago.

Total income for the quarter grew 34% to Rs 2,202.4 crore, and pre-provision operating profit climbed 50% to Rs 1,252.4 crore.

Gold loans were the biggest driver behind this growth. That business alone grew 114% year on year to Rs 58,406 crore, making it the fastest growing part of the company.

Assets under management across the group rose 38% to Rs 1,15,523 crore. Asset quality held up too. Gross bad loans stood at 1.6% of the book, while the company’s coverage against such loans improved to 94%.

CFO Vikas Jain said the quarter reflects ‘the strength of the platform’ he has just joined, pointing to profit growth of 14% over the previous quarter alongside disciplined cost control.

He added that the company had also raised $500 million through global bonds during the quarter and received a stable rating from Moody’s.

Looking ahead, IIFL Finance said it is targeting around 25% growth in its loan book for FY27, along with a return on equity of 16% to 20%.

At market close on 22 July, IIFL Finance shares settled at Rs 566.55 on the BSE, down 0.97% from the previous close of Rs 572.10.

The stock remains well below its 52-week high of Rs 674.95, hit last year, though comfortably above its 52-week low of Rs 409.45 touched earlier this year.

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