IIFL Finance Swings to ₹376 Crore Profit in Q2 FY26, Revenue Up 29%

Finance reported a sharp turnaround in Q2 FY26, posting a net profit of ₹376 crore for the July-September quarter, compared to a ₹158 crore loss in the same period last year. Revenue from operations surged 29% year-on-year to ₹3,305 crore, up from ₹2,556 crore in Q2 FY25, driven by strong performance in its gold loan segment. Key Highlights: Gold loans saw robust demand, supported by rising gold prices. Off-book assignments gained momentum. Subdued growth in other segments; asset quality stress in micro-LAP, unsecured business loans, and MFI portfolios led to elevated credit costs.