IFIIFL Finance532636Quarterly results

Board approves September-quarter results; proposal to acquire India Infoline Foundation; director re-designated

IIFL Finance's board met on October 15, 2026 and approved the unaudited results for the quarter and half-year ended September 30, 2026.

By ScoutQuest · Thu 15 Oct 2026, 4:25 PM IST · 4 min read

Quarter Net Profit After Tax

₹805.01 crore

Half-Year Net Profit After Tax

₹1,518.14 crore

Basic EPS (Quarter)

₹18.00

IIFL Finance's board met on October 15, 2026. The meeting commenced at 11:15 a.m. IST and concluded at 03:35 p.m. IST, and the update sets out what the board considered and approved.

Results approved

• The unaudited consolidated and standalone financial results for the quarter and half-year ended September 30, 2026, along with the limited review report.
• The joint statutory auditors have carried out a limited review of the consolidated results and issued an unmodified conclusion.

Consolidated numbers, quarter ended September 30, 2026

• Total income: ₹ 4,248.21 crore
• Total expenses: ₹ 3,174.54 crore
• Profit before tax: ₹ 1,073.67 crore
• Net profit after tax: ₹ 805.01 crore
• Basic EPS: ₹ 18.00; Diluted EPS: ₹ 17.90

Consolidated numbers, half-year ended September 30, 2026

• Total income: ₹ 8,170.09 crore
• Net profit after tax: ₹ 1,518.14 crore
• Basic EPS: ₹ 33.88; Diluted EPS: ₹ 33.67

Balance sheet and ratios as at September 30, 2026

• Total assets: ₹ 1,04,473.53 crore
• Net worth: ₹ 15,002.36 crore
• Debt-equity ratio: 4.87; Net gearing ratio: 4.08
• Gross NPA: 1.48%; Net NPA: 0.87%; Specific provision coverage ratio: 41.28%
• Net profit margin: 18.95%
• Cash and cash equivalents at the end of the period: ₹ 5,379.84 crore

The acquisition proposal

• The board considered a proposal to acquire India Infoline Foundation from IIFL Capital Services Limited.
• India Infoline Foundation is described as a company incorporated under Section 8 of the Companies Act, 2013, limited by guarantee and not having a share capital.
• The proposal is subject to requisite statutory and regulatory approvals.
• In simple terms, a Section 8 company is set up for charitable or social objects rather than to pay dividends, and a guarantee company with no share capital does not have shares that are bought and sold the way they are in an ordinary company purchase.

Directorship change

• Mr R Venkataraman will re-designate from Joint Managing Director to Non-Executive Non-Independent Director of the company with effect from October 15, 2026, subject to Members' approval.
• He will cease to be a Key Managerial Personnel of the company.
• His executive role is with IIFL Capital Services Limited, and he has never drawn any compensation from IIFL Finance Limited.

Other disclosures in the update

• During the quarter ended September 30, 2026, the company allotted 14,86,903 equity shares (previous quarter: 35,412) of face value ₹ 2/- each on exercise of stock options under the Employee Stock Option Scheme(s).
• The Finance Committee, by resolution dated July 02, 2026, approved the pricing of USD 300,000,000 aggregate principal amount of 7.60% p.a. Fixed Rate, Senior, Secured Notes due 2030, under the company's USD 1,500,000,000 Global Medium Term Note Programme. The notes were issued and allotted on July 10, 2026 and are listed on India International Exchange (IFSC) Limited and NSE IFSC Limited.
• The Income-tax Department conducted a search under Section 132 of the Income-tax Act, 1961 in January 2025. Following a notice under Section 158BC, the holding company shared its return for the block period April 1, 2018 to February 03, 2025 and disclosed additional income of ₹ 2.35 crore. The holding company has received an assessment order dated May 12, 2026 raising a tax demand of ₹ 475.56 crore, and the subsidiary, IIFL Home Finance Limited, has received an order dated August 23, 2026 raising a tax demand of ₹ 963.39 crore. Both have shared appeals, and stay of the outstanding demand has been granted subject to payment of 5% of the outstanding demand in instalments and compliance with procedural conditions.
• The Secured Non-Convertible Debentures are secured by a first pari passu charge on the group's receivables and specified assets, so that a security cover of 100% or higher (up to 125%) as per the offer document terms is maintained till maturity.

How to read the announcements

• The acquisition is described as a proposal that is subject to requisite statutory and regulatory approvals.
• The results are unaudited and have been reviewed by the joint statutory auditors, who issued an unmodified conclusion.
• The tax demands arise from assessment orders; appeals and stay applications are pending, a stay has been granted subject to conditions, and management believes there would not be any material adverse impact on the financial position of the holding company and the subsidiary.

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