IIFL Finance Records ₹748.04Cr Block Trade on NSE for ~12678710 Shares at ₹590 2 days ago
IIFL Finance recorded a large block trade on the NSE during the pre-open session, involving approximately 12678710 shares at ₹590 per share. The total deal value amounted to ₹748.04Cr, reflecting significant institutional participation in the stock.
IIFL Finance Projects 17-18% Home Finance AUM Growth for FY'27, Targets ROA Improvement of 50 Basis Points
IIFL Finance projects 17% to 18% growth in its home finance book and AUM for FY'27, with disbursements expected to grow over 30%, driven by AI adoption and operational efficiency. Credit costs are forecast at 1.5% to 1.7% for FY'27, with a significant reduction expected in subsequent years as elevated GNPA in Micro LAP and BFC portfolios is resolved. The company targets a 50 basis points improvement in ROA, with 40-50 BPS from lower credit costs and 20-30 BPS from operating cost and NIM improvements. OPEX to AUM is projected between 3.3% and 3.4%, expected to decline over the next 2-3 years despite the addition of 500 new branches.
Moody's Assigns Ba3 Corporate Family Rating and (P)Ba3 GMTN Program Rating to IIFL Finance with Stable Outlook
Moody's has assigned a Ba3 Corporate Family Rating and a (P)Ba3 rating to the GMTN program of IIFL Finance, both carrying a stable outlook. The Ba3 CFR reflects Moody's assessment of IIFL Finance's overall credit profile, while the (P)Ba3 provisional rating pertains to notes issuable under its Global Medium Term Note program. The stable outlook indicates no anticipated near-term change in the ratings. These ratings provide a formal credit benchmark for international investors assessing IIFL Finance's debt instruments.
IIFL Finance Records NSE Block Trades Worth Rs. 142.65 Crores Across Three Deals
IIFL Finance witnessed three block trades on the NSE aggregating Rs. 142.65 crores across approximately 2,974,208 shares. The trades were executed at Rs. 482.10, Rs. 482.40, and Rs. 466.20 per share, with individual deal values of Rs. 98.30 crores, Rs. 22.39 crores, and Rs. 21.96 crores respectively, highlighting sustained institutional participation in the stock.
IIFL Finance received mixed analyst ratings post Q4 results, with HSBC raising target to ₹550 (Buy) citing strong performance including ~18% RoE, healthy AUM growth, and earnings upcycle from MFI cyclicality and housing finance recovery. Nomura cut target to ₹500 (Hold) despite Q4 PAT beat of ₹5.8bn (+22% QoQ) and 38% AUM growth, citing valuation concerns at ~1.1x FY27 BV and tax audit uncertainty limiting upside potential.
IIFL Finance achieved exceptional growth in its gold loan portfolio with AUM reaching ₹52,581 crore, representing 150% year-on-year and 21% quarter-on-quarter increases. This remarkable performance demonstrates the company's strong execution capabilities and growing market presence in the secured lending sector.
27Apr 26
IIFL Finance Records Rs. 42.12 Crore Block Trade on NSE
IIFL Finance Ltd. executed a major block trade on NSE worth Rs. 42.12 crores involving approximately 1,007,863 shares at Rs. 417.90 per share. The transaction reflects significant institutional activity and strategic positioning by large investors in the financial services company.
HSBC Maintains Buy Rating on IIFL Finance, Cuts Target Price to Rs 510 from Rs 710
HSBC has maintained its Buy rating on IIFL Finance while reducing the target price from Rs 710 to Rs 510, citing Middle East conflict-related demand weakness and expected cuts to AUM growth, margins and EPS. The brokerage has highlighted emerging liability pressures and potential asset risks as key concerns. HSBC continues to prefer private banks and select NBFCs like Cholamandalam Investment and Finance and Shriram Finance, while viewing LIC Housing Finance as a defensive play.
IIFL Finance Designates Former RBI Deputy Governor B.P. Kanungo as Board Chairman
IIFL Finance Limited officially designated Mr. B.P. Kanungo, former RBI Deputy Governor, as Board Chairperson with immediate effect through unanimous Board approval. This strategic appointment leverages his extensive four decades of central banking experience and regulatory expertise to strengthen governance architecture and position the company for its next growth phase while serving over 8 million customers through 4,900 branches.
IIFL Finance's Board of Directors has approved the issuance of Non-Convertible Debentures (NCDs) worth ₹600 crore through private placement. This move aims to strengthen the company's capital base. The NCDs, being fixed-income instruments that cannot be converted into equity shares, are likely targeted at specific investors such as institutional buyers or high net-worth individuals.
16Jun 25
IIFL Finance Strengthens Board with Former RBI Deputy Governor B.P. Kanungo
IIFL Finance, a leading NBFC, has appointed B.P. Kanungo, former Deputy Governor of the Reserve Bank of India, to its board of directors. This strategic move is expected to enhance the company's regulatory insights and financial expertise. Kanungo's appointment could strengthen IIFL Finance's governance structure, improve regulatory compliance, refine risk management strategies, and provide valuable strategic guidance. The addition of a former high-ranking RBI official to the board may also boost investor confidence and the company's reputation in financial markets.
16Jun 25
IIFL Finance Appoints Former RBI Deputy Governor BP Kanungo to Board
IIFL Finance has appointed BP Kanungo, former Deputy Governor of the Reserve Bank of India (RBI), as an independent director for a five-year term. Kanungo will replace AK Purwar on the board. This appointment comes about a year after IIFL Finance faced a gold loan ban by the RBI, which was later lifted. Kanungo's expertise in risk management and governance is expected to strengthen IIFL Finance's board as it navigates the regulatory landscape of the Indian financial sector.
IIFL Finance's board has approved the issuance of secured redeemable Non-Convertible Debentures (NCDs) up to ₹600 crore through private placement in one or more tranches. This move aims to augment long-term resources and support lending growth, particularly in retail segments such as gold loans, home finance, and business loans. The initiative reflects IIFL Finance's strategy to strengthen its position in the retail lending market and meet increasing credit demand while maintaining a robust financial structure.
05Jun 25
IIFL Finance to Consider Raising ₹100 Billion Through Non-Convertible Debentures
IIFL Finance's Board of Directors will meet on June 10 to discuss a proposal for raising up to ₹100 billion (₹10,000 crore) through the issuance of Non-Convertible Debentures (NCDs). This potential fundraising initiative could significantly enhance the company's financial resources without diluting existing shareholder equity. NCDs are fixed-income debt instruments that typically offer higher interest rates compared to traditional fixed deposits.
30May 25
DFS Proposes Exemption for Small Gold Loans from New Norms, Potential Impact on Muthoot Finance
The Department of Financial Services (DFS) has proposed excluding gold loans below Rs 2 lakh from upcoming gold loan norms. This could significantly affect gold loan providers like Muthoot Finance. The proposal aims to ease regulatory burden on small ticket borrowers and lenders. If implemented, it could increase accessibility to gold loans, require operational adjustments for lenders, and potentially alter market dynamics in the small ticket gold loan segment.
IIFL Finance has approved the issuance of secured non-convertible debentures (NCDs) worth ₹200.00 crore. This move aims to raise capital for the company's operations and potential growth initiatives without diluting existing shareholder equity. The decision reflects IIFL Finance's strategy to manage its debt portfolio and indicates investor confidence in the company's financial stability.
16May 25
IIFL Finance to Consider Terms for ₹100 Billion NCD Issuance
IIFL Finance's board will meet on May 21 to discuss terms for issuing Non-Convertible Debentures (NCDs) worth ₹100 billion (₹10,000 crore). This significant fundraising move could boost the company's capital base, support lending activities, and potentially refinance existing debt. The outcome of this meeting will be crucial for investors and market analysts, as it reflects IIFL Finance's growth strategy and confidence in its business model.
12May 25
IIFL Finance Reports Q4 FY25 Results: PAT Dips 44% YoY, Gold Loans Show Strong Recovery
IIFL Finance's Q4 FY25 results show a 44% YoY decrease in PAT to Rs 200.00 crore, but exceeded market expectations. Revenue declined 11.22% YoY to Rs 2,594.30 crore, while EBITDA fell 8.24% to Rs 1,529.60 crore. The company's Gold AUM grew 40% QoQ, with projections of 25-30% growth in gold loans for FY26. Jefferies maintains a 'buy' rating, forecasting ROE improvement to 14.5% by FY27.
IIFL Finance's Q4FY25 results show a 76.70% YoY decline in net profit to ₹38.40 crore, but a 141% QoQ increase. Net interest income fell 40% YoY to ₹546.60 crore. Gold loan AUM grew 40% sequentially to ₹21,022 crore. The company reported an annual net loss of ₹409.60 crore for FY25. Despite challenges, IIFL maintains a strong CRAR of 18.50% and a liquidity buffer of ₹5,216 crore.