IIFL Finance , a leading retail-focused diversified NBFC in India, has reported robust financial results for the second quarter of fiscal year 2026, alongside a significant leadership change in its subsidiary, IIFL Home Finance.

Q2 FY26 Financial Highlights

IIFL Finance announced a consolidated profit after tax of ₹418.00 crore for Q2 FY26, marking a substantial 52% quarter-on-quarter increase. The company's consolidated Assets Under Management (AUM) grew by 7% quarter-on-quarter to reach ₹90,122.00 crore, driven primarily by strong momentum in the gold loans business.

Key financial metrics for Q2 FY26 include:

The pre-provision operating profit increased by 38% year-on-year, while GNPA and NNPA decreased by 21 and 11 basis points quarter-on-quarter, respectively.

Business Segment Performance

The company reported varied performance across its business segments:

• Gold Loans: Demonstrated exceptional growth with AUM surging 220% year-on-year and 27% quarter-on-quarter to ₹34,577.00 crore.
• Home Loans: AUM grew 10% year-on-year to ₹32,034.00 crore, remaining flat quarter-on-quarter.
• MSME Loans: AUM stood at ₹13,474.00 crore, down 3% quarter-on-quarter due to strategic recalibration towards low-risk secured lending.
• Microfinance: AUM decreased to ₹8,362.00 crore, down 26% year-on-year and 6% quarter-on-quarter, reflecting macroeconomic pressures in unsecured lending.

Strategic Focus and Financial Strength

IIFL Finance has emphasized its focus on collateral-backed retail lending, particularly in Gold, MSME Secured, and Home Finance segments. The company reported a strong liquidity position of ₹8,170.00 crore and a net gearing ratio of 3.6x.

Nirmal Jain, Founder & Managing Director of IIFL Finance, commented on the results: "The past year has been a true test of our resilience and an affirmation of our core strengths. We faced challenges with complete transparency and used them as an opportunity to fortify every pillar of governance, compliance, and customer trust."

New Leadership at IIFL Home Finance

IIFL Home Finance, a subsidiary of IIFL Finance, has appointed Mr. Girish Kousgi as its new Managing Director and Chief Executive Officer, effective October 30, 2025. Mr. Kousgi brings nearly three decades of leadership experience in the banking and financial services sector.

Prior to joining IIFL Home Finance, Mr. Kousgi served as MD & CEO of PNB Housing Finance Limited and Can Fin Homes. His expertise spans asset and liability management, with deep domain knowledge in mortgages, SME and Agri finance, retail lending, and deposit products.

Commenting on his appointment, Mr. Kousgi said, "I am honoured to join IIFL Home Finance at a pivotal time for the housing finance industry, which is on the cusp of significant transformation and growth. I look forward to contributing to the Company's mission of making housing finance more accessible and affordable for every aspiring Indian homeowner."

Outlook

With its strong Q2 FY26 performance and strategic leadership changes, IIFL Finance appears well-positioned for continued growth in the retail lending space. The company's focus on secured lending and its robust financial position provide a solid foundation for navigating the evolving financial landscape in India.

IIFL Finance , through its material subsidiary IIFL Home Finance, has announced a significant change in its top leadership. The company has appointed Girish Kousgi as its new Managing Director and Chief Executive Officer, effective October 30, 2025. This strategic move aims to strengthen IIFL Home Finance's position in the affordable housing finance segment and accelerate growth across its business verticals.

A Seasoned Leader at the Helm

Girish Kousgi brings nearly three decades of leadership experience in the banking and financial services sector to his new role at IIFL Home Finance. His appointment comes at a crucial time for the housing finance industry, which is poised for significant transformation and growth.

Responsibilities and Expertise

In his new position, Kousgi will be responsible for leading IIFL Home Finance's entire business operations, including:

• Home loans
• Non-home loan segment
• MSME loans
• Construction finance

Kousgi's expertise spans across various aspects of financial services:

• Asset and liability management
• Mortgages
• SME and Agri finance
• Retail lending
• Deposit products

Professional Background

Prior to joining IIFL Home Finance, Kousgi has held several prominent positions in the financial sector:

During his tenure at these organizations, Kousgi managed diverse portfolios across sales, credit, product, and risk functions, demonstrating his strategic acumen in various areas of financial services.

Vision for IIFL Home Finance

Commenting on his appointment, Girish Kousgi expressed his enthusiasm for joining IIFL Home Finance at this pivotal time. He stated, "I am honoured to join IIFL Home Finance at a pivotal time for the housing finance industry, which is on the cusp of significant transformation and growth. I look forward to contributing to the Company's mission of making housing finance more accessible and affordable for every aspiring Indian homeowner."

Kousgi also highlighted the potential for growth in the sector, mentioning, "With the continued momentum from initiatives like PMAY 2.0 and other government-led housing programs, we are well-positioned to offer tailored financial solutions to the EWS and LIG segments, helping more families realise their dream of owning a home."

IIFL Home Finance: A Snapshot

IIFL Home Finance has established itself as a leading player in the affordable housing finance sector:

The company focuses on underserved and emerging geographies, including suburbs of Tier 1 cities and Tier 2 to Tier 4 towns, with residential property serving as collateral.

With Girish Kousgi's appointment, IIFL Home Finance aims to further strengthen its leadership position in the affordable housing finance segment and accelerate its growth trajectory across business verticals. This strategic move aligns with the company's mission of making housing finance more accessible and affordable for aspiring homeowners across India.