IIFL Finance Limited informs the Exchanges regarding the Transcript of the Earnings Call held on April 29, 2026 for the quarter and year ended March 31, 2026.
IIFL · price
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IIFL Finance reported strong Q4 FY26 results with consolidated PAT of INR 623 crores (up 24% QoQ) and pre-provision operating profit of INR 1,173 crores (up 80% YoY). Total loan AUM crossed INR 1 lakh crore milestone at INR 1,08,180 crores, driven primarily by gold loan which reached INR 52,581 crores (up 150% YoY). Asset quality improved significantly with gross NPA at 1.5% and net NPA at 0.7%. Management guided for FY27 credit cost to decline to 1.5-1.7% from current 2.7-3%, expects gold loan AUM growth of 20-25%, and targets off-book proportion of 40-45% via co-lending and direct assignments. The company confirmed compliance with new RBI gold loan guidelines effective April 1, 2026. Income tax assessment orders are expected shortly following a previous search operation, with management confident of no material adverse outcome. The company also indicated potential demerger of Home Finance and Samasta subsidiaries in the future.
The strong quarter with improving asset quality and clear margin improvement guidance (credit cost to decline by 120-130 bps) signals operational strength. The pending tax assessment creates near-term uncertainty though management appears confident. The strategic pivot to secured lending and capital-efficient co-lending model positions the company well for sustainable growth.