Financial Results for the quarter and financial year ended March 31, 2026
IIFLCAPS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IIFL Capital Services reported consolidated net profit of ₹5,636.4 lakh for FY26, down 21% from ₹7,129 lakh in FY25, despite revenue staying flat at ₹26,031 lakh. The decline was driven by lower profit before tax (₹7,563 lakh vs ₹9,246 lakh), higher employee costs and finance costs. The standalone Q4 profit more than doubled to ₹1,654 lakh versus ₹661 lakh year earlier, helped by other income. The auditors issued an unmodified (clean) opinion but drew attention to an Income Tax department search conducted at company premises in January 2025, with two subsidiaries receiving tax demands of ₹5,631 lakh for the period April 2018 to February 2025. The company has paid ₹2,742 lakh as ad-hoc tax and filed appeals. Related party transactions are up for shareholder approval at the AGM.
The 21% PAT decline is a concern, though Q4 showed strong recovery. The Income Tax department scrutiny and pending tax demands of ₹5,631 lakh represent a contingent liability risk that investors should monitor closely. However, the clean audit opinion and adequate debt coverage ratios (debt equity 0.59x, interest coverage 4.87x) provide some comfort on financial stability.