Q2 FY27 profit up 93%; planned equity raise may dilute 10%-20%
IIFL · price
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On the reaction day the stock moved 3.6 pts less than Nifty Smallcap 250 and 4.8 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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IIFL Finance reported Q2 FY27 loan AUM of INR 1.24 lakh crore, up 8% quarter on quarter and 38% year on year. Profit after tax rose 13% quarter on quarter and 93% year on year to INR 805 crore. Gross bad loans eased to 1.48%, while capital adequacy was 23.5%. Management kept FY27 AUM and profit growth guidance at about 25% and return on equity near 20%. It expects an equity raise this quarter, with possible dilution of 10%-20%.
Strong growth and stable asset quality are positive, and the raise can strengthen capital, but 10%-20% dilution may pressure the share price.