IIFL Finance allots ₹350 crore NCDs at 9.25% via private placement
IIFL Finance allotted 35,000 NCDs worth ₹350 crore through private placement. The NCDs carry an interest rate of 9.25% per annum. The instruments are set to mature on September 1, 2028. Issuance was conducted via the private placement route.
IIFL Finance Records ₹50.09 Crore Block Trade on NSE at ₹617.50 Per Share
IIFL Finance recorded a block trade on the NSE involving approximately 8,11,197 shares at a price of ₹617.50 per share. The total value of the transaction stood at ₹50.09 crores. Such block trades are typically associated with institutional-level activity in the secondary market. The development highlights significant trading interest in IIFL Finance's stock on the NSE.
30Jul 26
IIFL Finance Records ₹748.04Cr Block Trade on NSE for ~12678710 Shares at ₹590
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 Co-MD Charts Course for Organic Growth and AI-Powered Profitability
IIFL Finance's Co-Managing Director has outlined a strategic vision centred on organic growth and the use of artificial intelligence to accelerate profitability. The leadership emphasises internally driven business expansion alongside AI integration to enhance operational efficiency. These priorities reflect management's commitment to building sustainable, technology-enabled financial performance for the company.
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.