IIFL Finance (IIFL) Q4 25/26 earnings summary

Executive summary

• Achieved consolidated AUM of ₹1,08,180 crore, up 38% YoY and 10% QoQ, driven by strong gold and home loan growth and a strategic focus on secured lending.

• PAT for Q4FY26 was ₹623.2 crore, up 24% QoQ and 169% YoY; FY26 PAT at ₹2,408.6 crore, up 241% YoY.

• Audited consolidated and standalone financial results for FY26 were approved with unmodified audit opinions.

• AI investments are enhancing productivity, risk control, and operational efficiency.

• Interim dividend of ₹4 per equity share declared in January 2026 was considered final for FY26.

Financial highlights

• Consolidated revenue from operations for FY26 was ₹13,350.8 crore, up from ₹10,210.9 crore in FY25.

• Gold loan AUM reached ₹52,581 crore, up 150% YoY and 11% QoQ, with healthy tonnage at 61 tons.

• Pre-provision operating profit for Q4FY26 was ₹1,173 crore, up 80% YoY and 9% QoQ.

• Cost of borrowing decreased to 8.97%-9.16%, down YoY and QoQ.

• Book value per share at ₹318.8, up 11% YoY.

Outlook and guidance

• FY27 guidance includes 20%-25% AUM growth for gold loans and 18%-20% for housing finance, with disbursement growth of 25%.

• Credit cost guidance for FY27 is 1.5%-1.7%, down from 2.7%-3% in FY26.

• ROA expected to improve to 3%-3.5% as credit costs decline.

• Off-book AUM (DA and co-lending) targeted to rise to 40%-45% of total.

• Strategy emphasizes secured priority sector lending, co-lending, and capital efficiency.