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 , a leading retail-focused diversified NBFC in India, has reported strong financial results for the quarter ended September 30, 2023. The company's consolidated net profit after tax stood at Rs 417.94 crore, marking a significant 61% increase from Rs 258.11 crore in the previous quarter.

Financial Highlights

• Total income for the half year increased to Rs 6,268.46 crore from Rs 5,193.74 crore in the corresponding period.
• The company's loan book grew to Rs 60,150.58 crore from Rs 55,364.26 crore.
• IIFL Finance maintains a debt-equity ratio of 4.18.
• Gross Non-Performing Assets (GNPA) stood at 2.14%, with Net Non-Performing Assets (NNPA) at 1.02%.

Key Management Appointments

The board has approved amendments to the insider trading code and made key management appointments:

• Mr. Pranav Dholakia has been re-designated as Head of Construction and Real Estate.
• Mr. Rahul Sanklecha has been appointed as Chief Risk Officer.

Both appointments are effective from November 1, 2023.

Business Operations

IIFL Finance, along with its subsidiaries, offers a wide range of products including home loans, gold loans, business loans, microfinance, capital market finance, and developer & construction finance. The company serves customers through its network of branches and digital channels across India.

Financial Performance

The significant increase in profitability and substantial growth in the loan book reflect IIFL Finance's performance in the quarter. The company's diverse product portfolio and customer base contribute to its position in the Indian financial services sector.