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IIFL Finance reported a more than two-fold increase in consolidated net profit to INR 623 crore for the quarter ended March 2026, supported by higher interest income and improved asset quality. Total income rose to INR 3,700 crore, while interest income stood at INR 3,330 crore during the period. Gross non-performing assets declined to 1.46%, with net NPAs at 0.73%. For the full financial year, profit increased to INR 1,817 crore, alongside total income of INR 13,374 crore. The company’s assets under management grew 38% year-on-year to INR 1,08,180 crore, indicating expansion across its lending portfolio.
IIFL Finance reported a consolidated net profit of INR 623 crore for the quarter ended March in the past week, reflecting more than a two-fold increase compared to INR 251 crore recorded in the corresponding quarter of the previous year. The growth was driven by higher interest income and an improvement in asset quality, according to the company’s regulatory filing. Advertisement
The company’s consolidated total income rose to INR 3,700 crore during the January–March quarter, up from INR 2,594 crore in the year-ago period. Interest income, which forms a significant portion of its earnings, increased to INR 3,330 crore from INR 2,483 crore in the same quarter last year, reflecting growth across its lending segments, including mortgages and other loan products.
Asset quality indicators showed improvement during the quarter. Gross non-performing assets declined to 1.46% as of the end of March, compared to 2.2% a year earlier. Net non-performing assets also reduced to 0.73%, down from 1% at the end of the corresponding period last year, indicating better recovery and risk management performance.
For the full financial year 2025–26, the company reported a net profit of INR 1,817 crore, compared to INR 578 crore in the previous financial year. Total income for the year increased to INR 13,374 crore from INR 10,237 crore, reflecting overall business expansion and improved operating performance.
The company’s consolidated assets under management (AUM) rose to INR 1,08,180 crore, registering a year-on-year growth of 38%. The increase in AUM indicates continued demand across its lending portfolio, particularly in segments catering to retail borrowers and underserved markets.
Nirmal Jain, managing director of IIFL Finance, stated that the company is positioned to maintain growth momentum while focusing on asset quality and expanding its reach. He indicated that the firm aims to deliver sustainable growth while continuing to cater to segments with limited access to formal credit.
The results reflect a combination of income growth and balance sheet strengthening, supported by improved asset quality and expansion in lending operations.
Source - PTI
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