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Informist, Thursday, Oct. 30, 2025

--IIFL Finance Jul-Sept consol PAT INR 3.76 bln vs INR 1.58 bln loss yr ago 

--IIFL Finance Jul-Sept consol revenue INR 33.05 bln vs INR 25.56 bln yr ago 

--IIFL Finance Apr-Sept consol PAT INR 6.10 bln vs INR 1.30 bln year ago 

--IIFL Finance Apr-Sept consol revenue INR 62.58 bln vs INR 51.77 bln yr ago 

By Kabir Sharma

MUMBAI – IIFL Finance recovered from losses and reported a surge in its consolidated bottom line for the quarter ended September owing to a net gain on derecognition of financial instruments under the Fair Value Through Other Comprehensive Income category. The financier, which had reported a loss in the year-ago period, reported a profit in the September quarter despite a surge in finance costs.

The non-bank lender reported a net profit of INR 3.76 billion for the September quarter against a loss of INR 1.58 billion a year ago. Sequentially, the company's bottom line rose 61%.

The handsome net profit was on account of a surge in income from derecognition of financial instruments. Net gain on derecognition of financial instruments under the Fair Value Through Other Comprehensive Income category rose to INR 3.54 billion in the September quarter from nil a year ago. When a financial asset classified as Fair Value Through Other Comprehensive Income is derecognised, the cumulative gain or loss is not reclassified to profit or loss; instead, it is transferred directly to retained earnings in case of equity instruments. For debt instruments, the cumulative gain or loss is reclassified to profit or loss upon derecognition.

The company's net profit was also supported by a 21.7% increase in its interest income. The lender's interest income for the reporting quarter rose to INR 28.21 billion. Net gain on fair value changes fell nearly 77% to INR 245 million. The company's consolidated revenue for the quarter rose to INR 33.05 billion from INR 25.56 billion a year ago.

The surge in the bottom line came despite a 43.5% rise in the lender's finance cost. In the reporting quarter, the company's finance cost rose to INR 13.82 billion. Impairment on financial instruments rose to INR 5.00 billion from INR 4.06 billion a year ago. Other expenses rose to INR 3.15 billion from INR 2.03 billion a year ago.

For the six months ended Sept. 30, the company reported a net profit of INR 6.10 billion against INR 1.30 billion a year ago. The revenue for the period rose to INR 62.58 billion from INR 51.77 billion a year ago. Thursday, IIFL Finance shares ended 3.6% higher at INR 541.65 on the National Stock Exchange.  End

Edited by Rajeev Pai

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