IIFL Finance Profit Jumps 14.4% to ₹713.13 Crore in Q1 FY27

IIFL Finance Limited announced its consolidated financial results for the quarter ended 30 June 2026, reporting a net profit after tax of ₹713.13 crore. This represents a 14.4 per cent increase from the preceding quarter ended 31 March 2026, when the consolidated net profit was ₹623.26 crore.

The company's revenue from operations for the first quarter of fiscal year 2027 was ₹3,919.15 crore, up from ₹3,692.50 crore in the previous quarter. Total consolidated income for the reporting period reached ₹3,921.88 crore, compared to ₹3,699.67 crore in the quarter ended 31 March 2026.

On a year-on-year basis, the net profit surged by 160.1 per cent from ₹274.17 crore recorded in the quarter ended 30 June 2025. The consolidated basic earnings per share (EPS) for the quarter ended 30 June 2026 was ₹15.87, compared to ₹13.80 in the preceding quarter.

Amit Sharma, Business Head – Unsecured Lending, stepped down from his position on 22 July 2026, as part of an internal movement. The company also fully utilised ₹100.00 crore raised through non-convertible debentures via private placement on 29 May 2026.

IIFL Finance transferred loan accounts amounting to ₹4,802.33 crore through direct assignment, and ₹1,956.44 crore in loan accounts were transferred via PTC (Pass Through Certificates) deals during the quarter ended 30 June 2026.

The company's asset quality for standalone results showed a Gross Non-Performing Assets (GNPA) of 1.27 per cent and Net Non-Performing Assets (NNPA) of 0.71 per cent for the quarter ended 30 June 2026. The specific provision coverage ratio was 44.79 per cent.

Fairfax India has committed ₹2,000 crore to raise its stake in IIFL Capital. This investment is expected to support the company's growth plans.

The strong Q1 results are a positive sign for IIFL Finance, indicating a robust performance in the first quarter of fiscal year 2027. The company's ability to maintain a healthy asset quality and increase its revenue and profit is a testament to its strong business model.

The Indian financial sector has been experiencing significant growth, driven by increasing demand for financial services and a growing economy. IIFL Finance is well-positioned to capitalize on this trend, with its diversified product offerings and strong distribution network.

In conclusion, IIFL Finance's Q1 results are a significant achievement, demonstrating the company's ability to deliver strong financial performance. With its robust business model and growing demand for financial services, the company is expected to continue its growth trajectory in the coming quarters.