IIFL Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on May 08, 2025.
IIFL · price
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The board of IIFL Finance approved audited consolidated and standalone financial results for Q4 and FY25 (year ended March 31, 2025), with auditors issuing an unmodified opinion. Consolidated net profit for FY25 fell sharply to Rs. 578.16 crore from Rs. 1,974.22 crore in FY24, hit by a Rs. 586.50 crore exceptional provision on AIF-linked security receipts (RBI-related). Total income was Rs. 10,237.07 crore. Asset quality improved with GNPA at 2.23% and NNPA at 1.05%. The board also approved an enabling resolution to raise up to Rs. 10,000 crore via non-convertible securities on a private placement basis in FY26, subject to shareholder approval, and appointed M/s Nilesh Shah and Associates as secretarial auditor for five years. Chairperson Arun Kumar Purwar will not seek re-appointment. Separately, the company raised $425 million via dollar bonds (8.75% notes due 2028) and Rs. 500 crore via a public NCD issue during the year.
The steep profit decline is largely driven by a one-time regulatory provision rather than core business deterioration, but it remains a negative for near-term earnings. The Rs. 10,000 crore fund-raising plan signals aggressive growth ambitions, while the Income Tax search (Jan 2025) and the Rs. 9.88 crore excess MD remuneration requiring shareholder approval are residual overhangs to monitor.