Board Meeting Details

The Board of Directors meeting was held on Wednesday, July 22, 2026, commencing at 10:30 a.m. (IST) and concluding at 3:35 p.m. (IST).

Financial Results Approval

The Board approved the Consolidated and Standalone Unaudited Financial Results for the quarter ended June 30, 2026 (Q1 FY27).

Consolidated Financial Results (Q1 FY27)

  • Total Income: ₹3,921.88 crore
  • Profit Before Tax: ₹928.64 crore
  • Total Tax Expense: ₹215.51 crore (Current tax: ₹308.22 crore, Deferred tax: ₹(92.71) crore)
  • Net Profit After Tax: ₹713.13 crore
  • Attributable to owners: ₹675.07 crore
  • Non-controlling interest: ₹38.06 crore
  • Other Comprehensive Income: ₹11.85 crore
  • Total Comprehensive Income: ₹724.98 crore
  • Attributable to owners: ₹679.76 crore
  • Non-controlling interest: ₹45.22 crore
  • Earnings Per Share (EPS): Basic ₹15.87, Diluted ₹15.78
  • Paid-up Equity Share Capital: ₹85.06 crore (face value ₹2 each)

Standalone Financial Results (Q1 FY27)

  • Total Income: ₹2,344.55 crore
  • Profit Before Tax: ₹604.89 crore
  • Total Tax Expense: ₹137.78 crore (Current tax: ₹238.55 crore, Deferred tax: ₹(100.77) crore)
  • Net Profit After Tax: ₹467.11 crore
  • Other Comprehensive Loss: ₹(22.57) crore
  • Total Comprehensive Income: ₹444.54 crore
  • Earnings Per Share (EPS): Basic ₹10.98, Diluted ₹10.92
  • Paid-up Equity Share Capital: ₹85.06 crore (face value ₹2 each)

Key Financial Ratios (Consolidated)

  • Debt-Equity Ratio: 4.52
  • Net Worth: ₹14,200.45 crore
  • Operating Margin: 31.20%
  • Net Profit Margin: 18.18%
  • GNPA %: 1.55%
  • NNPA %: 0.82%
  • Specific Provision Coverage Ratio: 47.30%

Key Financial Ratios (Standalone)

  • Debt-Equity Ratio: 5.37
  • Net Worth: ₹7,813.73 crore
  • Operating Margin: 32.37%
  • Net Profit Margin: 19.92%
  • GNPA %: 1.27%
  • NNPA %: 0.71%
  • Specific Provision Coverage Ratio: 44.79%
  • CRAR: 17.07% (Tier I: 12.24%, Tier II: 4.83%)
  • Liquidity Coverage Ratio: 220.12%

Management Change

Mr. Amit Sharma, Business Head–Unsecured Lending (Senior Management Personnel), stepped down from his position effective July 22, 2026, due to internal movement within the company. He will transition into another role within IIFL Finance Limited.

ESOP Allotment

During the quarter, the company allotted 35,412 equity shares (face value ₹2 each) on exercise of stock options under Employee Stock Option Schemes (previous quarter: 61,648 shares).

Income Tax Matter

The Income-tax Department conducted a search under Section 132 of the Income-tax Act, 1961, at IIFL Finance Limited and IIFL Home Finance Limited in January 2025.

  • IIFL Finance Limited received an assessment order u/s 158BC(1)(c) dated May 12, 2026, raising a tax demand of ₹475.56 crore for the block period April 1, 2018, to February 3, 2025.
  • The company has filed an appeal against the order and believes there are adequate grounds to substantiate its position.
  • IIFL Home Finance Limited's assessment proceedings are in progress, with no orders received yet.
  • Management believes no material adjustments are required in the financial results.

USD Bond Issuance

The Finance Committee approved pricing of 7.60% p.a. Fixed Rate, Senior, Secured Notes due 2029 under the USD 1 billion Global Medium Term Note Programme.

  • On June 10, 2026, the company raised USD 500,000,000 (approximately ₹4,150 crore) through this issuance.
  • The notes are listed on India International Exchange (IFSC) Limited and NSE IFSC Limited.

Security Cover

Secured Non-Convertible Debentures are secured by a first pari passu charge on receivables, book debts, loans, advances, and current assets, maintaining a security cover of 100%-125% as per offer documents.

Co-Lending Arrangements (as of June 30, 2026)

  • Total Outstanding Loans: ₹11,531.19 crore
  • Company's Share: 20%
  • Partner's Share: 80%
  • Standard Assets: 99.85%
  • NPA %: 0.15%
  • Active Partners: 12
  • Weighted Average Interest Rate: 20.07%
  • Product: Gold (Retail)
  • Service Fee Income: ₹3.79 crore

Auditors Review

The joint statutory auditors, Sharp & Tannan Associates and G. M. Kapadia & Co., issued unmodified review reports on both consolidated and standalone financial results.

Other Enclosures

The filing includes:

  • Limited Review Report (Annexure A)
  • Security Cover Certificate (Annexure B)
  • Utilization of Issue Proceeds and Deviation Statement (Annexure C)
  • Management Change Details (Annexure D1 and D2)
  • Regulation 52(4) Disclosures (Annexure 1)