IIFL
IIFL Finance share price & financials
- Price
- ₹532.6
- Market cap
- ₹24.8k Cr
- Sector
- Financial Services
- Calls analysed
- 8
IIFL Finance Limited Q1 FY27
What went well
- Consolidated loan AUM reached INR1,15,523 crores, growing 38% YoY and 7% QoQ, driven by gold loans (INR58,406 crores).
- PAT before non-controlling interest was INR713 crores, marking a 14% QoQ increase.
- Pre-provision operating profit grew 50% YoY and 7% QoQ to INR1,252 crores.
What to watch
- Gross NPA slightly increased by 9 bps QoQ to 1.6%, with specific concerns in micro LAP (INR440 crores) and BLC book (INR260 crores) within housing finance.
- Capital adequacy in the parent company is at the 'edge', necessitating an enabling resolution for fresh equity raise.
What IIFL Finance Limited does
IIFL Finance Limited, along with subsidiaries IIFL Home Finance Limited and IIFL Samasta Finance Limited, is a retail-focused non-banking financial company (NBFC) offering gold loans, affordable home loans, MSME/business loans, microfinance and capital market finance through a nationwide branch network. It runs a "phygital" distribution model that pairs branch-led, hyperlocal sourcing with a digital and AI-enabled stack for underwriting, collections and customer engagement (including a multilingual conversational interface). The company supplements its own book with co-lending and direct-assignment partnerships with banks to originate loans. Its two dedicated lending subsidiaries serve distinct customer segments: IIFL Home Finance targets affordable housing borrowers and IIFL Samasta Finance serves rural and semi-urban microfinance customers.
Segments
- Gold Loans
- Home Loans
- MSME Loans
- Microfinance
- Capital Market Finance
- Branch network (consolidated)
- 4,829 branches across 28 states & union territories
- Customers served
- 4.6 million+
- Total employees (consolidated)
- 37,189
- Loan product lines
- 5 (gold, home, MSME, microfinance, capital market finance)
- IIFL Home Finance branch network
- 315 branches across 18 states & 2 union territories
- IIFL Samasta microfinance branch network
- 1,614 branches
Guidance record · Q1 FY27
what the last two calls moved 26 tracked 6 delivered 4 missed 16 open- Housing Finance New Branches went quiet said Q4 FY26 Promised: About 100 in FY27 Q1 FY27: The specific target for 100 new HFC branches was not mentioned. Management gave a broader guidance of opening 500 new branches for the entire company in FY27.
- Housing Finance AUM Growth revised down said Q4 FY26 Promised: 18% to 20% for FY27 Q1 FY27: Guidance for FY27 Home Finance AUM growth was slightly lowered to 17-18% from the previous 18-20%.
- Return on Assets (RoA) delivered said Q4 FY25 Promised: Closer to 3% Q4 FY26: Achieved target with annualized Q4 RoA of 2.97%.
All 26 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 32.7%, net profit up 160.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,556 | 2,443 | 2,591 | 2,953 | 3,305 +29% | 3,427 +40% | 3,692 +42% | 3,919 +33% |
| Net profit | -93 | 82 | 251 | 274 | 418 +549% | 501 +511% | 623 +148% | 713 +160% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +34.2% 1Y
1Y: ₹447.5 on 10 Sept 2025 → ₹600.6. High ₹696.4 (24 Aug 2026), low ₹419.35 (26 Sept 2025).
How the price took the results
close before → close after
- Q1 FY27
- −0.3%
- 22 Jul
- Q4 FY26
- +2.1%
- 29 Apr
- Q3 FY26
- −13.5%
- 22 Jan
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 17.4% a year over 3 years, FY23 to FY26.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹8.3k Cr | ₹10.3k Cr | ₹10.2k Cr | ₹13.4k Cr |
| Interest | ₹3.2k Cr | ₹3.9k Cr | ₹4.2k Cr | ₹5.7k Cr |
| Depreciation | ₹152 Cr | ₹180 Cr | ₹189 Cr | ₹211 Cr |
| Net profit | ₹1.6k Cr | ₹2.0k Cr | ₹578 Cr | ₹1.8k Cr |
| Net margin | 19.5% | 19.2% | 5.7% | 13.6% |
| ROE | 19.0% | 18.0% | 5.0% | 13.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹76 Cr | ₹76 Cr | ₹76 Cr | ₹76 Cr | ₹85 Cr | ₹85 Cr |
| Reserves | ₹5.3k Cr | ₹6.4k Cr | ₹8.9k Cr | ₹10.6k Cr | ₹12.9k Cr | ₹13.8k Cr |
| Borrowings | ₹32.6k Cr | ₹36.1k Cr | ₹40.0k Cr | ₹47.1k Cr | — | ₹69.2k Cr |
| Other liabilities | ₹2.7k Cr | ₹3.4k Cr | ₹4.0k Cr | ₹4.6k Cr | ₹4.4k Cr | ₹5.9k Cr |
| Total liabilities | ₹40.7k Cr | ₹45.9k Cr | ₹53.0k Cr | ₹62.4k Cr | ₹76.0k Cr | ₹89.0k Cr |
| Fixed assets | ₹675 Cr | ₹775 Cr | ₹862 Cr | ₹905 Cr | ₹1.5k Cr | ₹1.5k Cr |
| Capital work in progress | ₹7 Cr | ₹6 Cr | ₹28 Cr | ₹52 Cr | ₹5 Cr | ₹6 Cr |
| Investments | ₹32 Cr | ₹1.2k Cr | ₹3.5k Cr | ₹4.1k Cr | ₹5.7k Cr | ₹6.1k Cr |
| Other assets | ₹40.0k Cr | ₹43.9k Cr | ₹48.6k Cr | ₹57.4k Cr | ₹68.8k Cr | ₹81.4k Cr |
| Total assets | ₹40.7k Cr | ₹45.9k Cr | ₹53.0k Cr | ₹62.4k Cr | ₹76.0k Cr | ₹89.0k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +3.39 pp while FIIs trimmed −2.76 pp. The shareholder count shrank 14% to 1,27,688.
- Promoters
- 24.8%
- FIIs
- 23.9%
- DIIs
- 7.5%
- Public
- 43.8%
Since Jun 2025
- Public +3.39 pp
- FIIs −2.76 pp
- DIIs −0.59 pp
How it drifted, 12 quarters
Over this window FIIs fell from 28.3% to 23.9% — −4.5 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 24.8%, FIIs 28.3%, DIIs 7.3%, Public 39.6%.Dec '23: Promoters 24.8%, FIIs 31.3%, DIIs 8.3%, Public 35.7%.Mar '24: Promoters 24.8%, FIIs 29.1%, DIIs 8.6%, Public 37.5%.Jun '24: Promoters 24.9%, FIIs 30.3%, DIIs 7.4%, Public 37.4%.Sep '24: Promoters 24.9%, FIIs 29.6%, DIIs 6.3%, Public 39.2%.Dec '24: Promoters 24.9%, FIIs 27.8%, DIIs 4.5%, Public 42.8%.Mar '25: Promoters 24.9%, FIIs 28.0%, DIIs 5.5%, Public 41.5%.Jun '25: Promoters 24.9%, FIIs 26.6%, DIIs 8.1%, Public 40.4%.Sep '25: Promoters 24.9%, FIIs 26.8%, DIIs 9.1%, Public 39.2%.Dec '25: Promoters 24.9%, FIIs 27.8%, DIIs 9.2%, Public 38.2%.Mar '26: Promoters 24.8%, FIIs 28.2%, DIIs 7.1%, Public 39.9%.Jun '26: Promoters 24.8%, FIIs 23.9%, DIIs 7.5%, Public 43.8%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Ellipsis Partners Llc FPI fund newly disclosed 1.02% held
- Ashish Dhawan +0.24 pp 1.33% held
- Bavaria Industries Group Ag Corporate +0.13 pp 1.35% held
- Theleme India Master Fund Limited FPI fund +0.10 pp 2.68% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of IIFL Finance Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| FIH Mauritius Investments Ltd | 15.18% | unchanged |
| Nirmal Bhanwarlal Jain | 12.56% | unchanged |
| Parajia Bharat Himatlal | 4.67% | unchanged |
| Bank Muscat India Fund FPI fund | 3.29% | unchanged |
| Madhu N Jain | 3.18% | unchanged |
| Venkataraman Rajamani | 2.89% | unchanged |
| Theleme India Master Fund Limited FPI fund | 2.68% | +0.10 pp |
| Mansukhlal Jain and Pritesh Ashwin Mehta (in their capacity as trustees of Nirmal Madhu Family Private Trust) | 2.61% | unchanged |
| Aditi Avinash Athavankar (in her capacity as trustee of Kalki Family Private Trust) | 2.35% | unchanged |
| Bavaria Industries Group Ag Corporate | 1.35% | +0.13 pp |
| Ashish Dhawan | 1.33% | +0.24 pp |
| Ellipsis Partners Llc FPI fund | 1.02% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in IIFL
Filings to Aug 2026
0 new, 4 added, 1 trimmed, 0 sold out — net +0.07 L shares (+0.5%).
- Held by funds
- ₹81 Cr
- 6 schemes
- Biggest holder
- HDFC Large and Mid Cap Fund
- ₹43 Cr · 0.1% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Large and Mid Cap Fund HDFC Mutual Fund | ₹43 Cr | held | Jan '24 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹24 Cr | +0.05 L | Oct '20 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹12 Cr | +0.02 L | Oct '22 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Sep '24 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹1 Cr | −0.00 L | Sep '24 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | +0.00 L | May '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
4 added, 1 trimmed — net +6,642 shares (+0.5%)
- Funds are sitting on
- +14%
- vs est. average cost
- Held by funds
- ₹81 Cr
- 6 schemes · ≈ 0.28% of the company
- Biggest holder
- HDFC Large and Mid Cap Fund
- ₹43 Cr · 0.1% of that fund
- Longest holder
- Nippon India Nifty Smallcap 250 Index Fund
- 5y 11m · since Oct '20
Shares held by these funds +804%
Aug '23 12.89 L shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse IIFL Finance Limited
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