IIFL Finance Ltd. Reports 93% Jump in Q2 Profit

IIFL Finance Ltd. reported a strong financial performance for Q2 FY27, with consolidated profit after tax rising approximately 93% year-on-year to ₹805 crore, compared with ₹418 crore in the corresponding quarter last year. Net revenue increased to ₹2,340 crore, while assets under management (AUM) grew 38% year-on-year to ₹1.24 lakh crore, reflecting strong expansion across its lending businesses. growth driver, with gold-loan AUM surging 90% year-on-year to ₹65,729 crore. The company benefited from lower credit costs, reduced loan-loss provisions and improved operating efficiency. Its consolidated capital adequacy ratio stood at 23.5%, supporting its capacity to fund future business growth. Separately, IIFL Finance is reportedly considering raising ₹2,500–₹5,000 crore by selling a 10–20% stake to a minority investor, amid speculation over Fairfax Financial Holdings’ potential exit. Investors will closely monitor fundraising developments, loan growth, asset quality and the sustainability of lower credit costs to assess the company’s future earnings outlook.