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Informist, Thursday, Jan. 22, 2026

 

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--IIFL Finance Oct-Dec consol PAT INR 4.64 bln vs INR 407 mln year ago
--IIFL Finance Oct-Dec consol revenue INR 34.27 bln vs INR 24.43 bln year ago 
--IIFL Finance Apr-Dec consol PAT INR 10.74 bln vs INR 1.71 bln year ago 
--IIFL Finance Apr-Dec consol revenue INR 96.73 bln vs INR 76.20 bln year ago 
--IIFL Finance to pay INR 4 per share interim dividend 
--IIFL Finance interim dividend record date is Jan 29 
--IIFL Finance shares hit 10% lower circuit at INR 560.60 
--IIFL Fin: IT dept asks co to get accounts audited for specified block period 
--IIFL Finance: IT dept appointed special auditor to audit accounts 
--IIFL Finance shares fall more to INR 529.45, down 15% now vs 10?rlier

 

By Meera Nair

 

MUMBAI – Strong growth in income, accompanied by a fall in credit impairment, lifted IIFL Finance Ltd.'s consolidated net profit for the December quarter eleven-fold. This is also the highest quarterly profit growth ever by the non-banking finance company.

 

IIFL Finance's net profit for the reporting quarter was INR 4.64 billion, way higher than INR 407 million in the year ago period. Sequentially, the company's bottom line was up 23%. The net profit was slightly lower than the estimate of INR 4.87 billion by Motilal Oswal Financial Services Ltd.

 

The company, which offers retail lending and wealth or asset management services, reported a consolidated total income of INR 34.33 billion for the December quarter, up 40% on year. Sequentially, the company's consolidated total income rose nearly 4%.

 

IIFL Finance's impairment on financial instruments fell nearly 19% on year to INR 3.99 billion in the December quarter. Sequentially, the company's provisions were down over 20%.

 

The company's consolidated net profit for the Apr-Dec period was INR 10.74 billion, sharply up from INR 1.71 billion in the year-ago period. The consolidated revenue for the nine-month period was INR 96.73 billion, up 27% on year.

 

IIFL Finance said the income tax department has directed it to get its accounts audited for a "specified block period" under the Income Tax section which deals with estimating the value of assets. The tax department has also appointed a special auditor for the same. "The said direction has been issued in connection with ongoing assessment proceedings and is procedural in nature," IIFL Finance said. "There is no adjudication or determination against the Company under the said communication, and at this stage no financial impact can be ascertained."

 

The company also announced an interim dividend of INR 4 per share and set Jan. 29 as the record date. As the company announced the tax department's direction along with its earnings, its shares fell 10?ter the results were announced. The shares ended nearly 14% lower at INR 538.75 on the National Stock Exchange.  End

 

Edited by Ashish Shirke

 

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