IIFL Finance Limited — Quarter and year ended March 31, 2026 (as per quarterly results dated April 29, 2026)
| Sharp & Tannan Associates | G. M. Kapadia & Co. |
|---|---|
| Chartered Accountants | Chartered Accountants |
| 87, Nariman Bhavan, | 1007, Raheja Chambers |
| 227, Nariman Point, Mumbai – 400 021. | 213, Nariman Point, Mumbai – 400 021. |
| Sr. no. | Particulars | Quarter ended | Year ended |
|---|---|---|---|
| March 31, 2026 (Audited) (see note 15) | December 31, 2025 (Unaudited) | ||
| 1 | Income | ||
| (i) | Interest income | 3,330.04 | 3,019.25 |
| (ii) | Dividend income ^ | 0.00 | 0.00 |
| (iii) | Fees and commission income | 157.08 | 128.18 |
| (iv) | Net gain on fair value changes | – | – |
| (v) | Net gain on derecognition of financial instruments under FVTOCI category | 205.38 | 280.02 |
| (I) | Total revenue from operations | 3,692.50 | 3,427.45 |
| (II) | Other income | 7.17 | 5.34 |
| (III) | Total income (I+II) | 3,699.67 | 3,432.79 |
| 2 | Expense | ||
| (i) | Finance cost | 1,609.63 | 1,437.01 |
| (ii) | Net loss on fair value changes | 14.33 | 12.76 |
| (iii) | Net loss on derecognition of financial instruments under FVTOCI category | – | – |
| (iv) | Impairment on financial instruments | 325.71 | 399.68 |
| (v) | Employee benefits expenses | 542.04 | 565.35 |
| (vi) | Depreciation, amortisation and impairment | 63.61 | 52.65 |
| (vii) | Other expenses | 311.69 | 302.40 |
| (IV) | Total expenses | 2,867.01 | 2,769.85 |
| (V) | Profit before exceptional items and tax (III-IV) | 832.66 | 662.94 |
| (VI) | Exceptional items (refer note 10) | – | – |
| (VII) | Profit before tax (V+VI) | 832.66 | 662.94 |
| 3 | Tax expense | ||
| (i) | Current tax | 200.54 | 87.89 |
| (ii) | Deferred tax | 12.08 | 72.23 |
| (iii) | Current tax expense relating to prior period/year | (3.22) | 1.47 |
| (VIII) | Total tax expense | 209.40 | 161.59 |
| (IX) | Net profit after tax (VII-VIII) | 623.26 | 501.35 |
| Attributable to | |||
| Owners of the Company | 586.84 | 464.30 | |
| Non-controlling interest | 36.42 | 37.05 | |
| 4 | Other comprehensive income/(loss) | ||
| A (i) | Items that will not be reclassified to profit or loss | ||
| (a) | Remeasurement of defined benefit liability/ (asset) | (0.08) | (1.17) |
| (ii) | Income tax relating to items that will not be reclassified to profit or loss | 0.02 | 0.29 |
| Subtotal (A) | (0.06) | (0.88) | |
| B (i) | Items that will be reclassified to profit or loss | ||
| (a) | Cash flow hedge (net) | 39.21 | 10.30 |
| (b) | Others | (4.76) | (1.74) |
| (ii) | Income tax relating to items that will be reclassified to profit or loss | (8.67) | (2.16) |
| Subtotal (B) | 25.78 | 6.40 | |
| (X) | Other comprehensive income/ (loss) (A+B) | 25.72 | 5.52 |
| (XI) | Total comprehensive income/ (loss) (IX+X) |
| Note 1: Consolidated statement of assets and liabilities: | |||
|---|---|---|---|
| Sr. no. | Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
| ——— | ——————————– | ——————————- | ——————————– |
| Assets | |||
| (1) | Financial assets | ||
| (a) | Cash and cash equivalents | 3,328.23 | 2,066.63 |
| (b) | Bank balance other than (a) above | 3,045.27 | 2,125.15 |
| (c) | Derivative financial instruments | 740.79 | 50.25 |
| (d) | Receivables | ||
| (I) Trade receivables | 98.11 | 107.53 | |
| (II) Other receivables | 22.09 | – | |
| (e) | Loans | 70,911.07 | 55,364.26 |
| (f) | Investments | 6,092.45 | 4,437.99 |
| (g) | Other financial assets | 2,280.50 | 1,142.97 |
| Total Financial assets | 86,518.51 | 65,294.78 | |
| (2) | Non-financial assets | ||
| (a) | Current tax assets (net) | 288.47 | 269.19 |
| (b) | Deferred tax assets (net) | 256.85 | 385.41 |
| (c) | Investment property | 870.58 | 870.73 |
| (d) | Property, plant and equipment | 176.69 | 162.70 |
| (e) | Capital work-in-progress | 5.75 | 22.39 |
| (f) | Intangible assets under development | 0.08 | 0.88 |
| (g) | Right of use assets | 459.11 | 445.53 |
| (h) | Other intangible assets | 7.27 | 7.59 |
| (i) | Other non-financial assets | 451.83 | 184.99 |
| (j) | Assets held for sale | 23.90 | – |
| Total Non-financial assets | 2,540.53 | 2,349.41 | |
| Total assets | 89,059.04 | 67,644.19 | |
| Liabilities and equity | |||
| (1) | Financial liabilities | ||
| (a) | Derivative financial instruments | 0.60 | 110.90 |
| (b) | Payables | ||
| (I) Trade payables | |||
| (i) total outstanding dues of micro enterprises and small enterprises | 19.02 | 10.39 | |
| (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | 227.66 | 175.25 | |
| (II) Other payables | |||
| (i) total outstanding dues of micro enterprises and small enterprises | – | – | |
| (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | – | 34.28 | |
| (c) | Finance lease obligation | 522.19 | 465.33 |
| (d) | Debt securities | 20,747.97 | 16,772.24 |
| (e) | Borrowings (other than debt securities) | 43,098.95 | 31,058.60 |
| (f) | Subordinated liabilities | 5,328.96 | 3,237.19 |
| (g) | Other financial liabilities | 2,988.46 | 1,467.58 |
| Total Financial liabilities | 72,933.81 | 53,331.76 | |
| (2) | Non-financial liabilities | ||
| (a) | Current tax liabilities (net) | 81.02 | 10.53 |
| (b) | Provisions | 157.71 | 122.68 |
| (c) | Deferred tax liabilities | 72.45 | – |
| (d) | Other non-financial liabilities | 194.96 | 224.25 |
| Total Non-financial liabilities | 506.14 | 357.46 | |
| (3) | Equity | ||
| (a) | Equity share capital | 85.06 | 84.90 |
| (b) | Other equity | 13,834.90 | 12,327.29 |
| (c) | Non-controlling interest | 1,699.13 | 1,542.78 |
| Total Equity | 15,619.09 | 13,954.97 | |
| Total liabilities and equity | 89,059.04 | 67,644.19 |
| Particulars | Year ended March 31, 2026 Audited | Year ended March 31, 2025 Audited |
|---|---|---|
| A. Cash flow from operating activities | ||
| Profit before tax | 2,408.58 | 707.01 |
| Adjustments for: | ||
| Depreciation, amortisation and impairment | 210.62 | 188.57 |
| Impairment on loans | (244.49) | (10.53) |
| Impairment on other financial instruments | 0.69 | (11.09) |
| (Gain)/ loss on sale of assets | (1.18) | (0.06) |
| Net (gain)/ loss on fair value changes on investment – realised | 408.15 | (241.22) |
| Net (gain)/ loss on fair value changes on investment – unrealised | (416.93) | 15.51 |
| Net (gain)/ loss on fair value changes on derivative – unrealised | (21.29) | 6.93 |
| Exceptional items (provision on security receipts – refer note 10) | – | 586.50 |
| Net (gain)/ loss on derecognition of financial instruments under FVTOCI category | (1,068.92) | 312.56 |
| Employee benefit expenses – share based | 24.36 | 108.47 |
| Employee benefit expenses – others | 30.56 | 31.40 |
| Interest on loans | (11,281.75) | (9,151.92) |
| Interest on deposits with banks | (189.21) | (133.68) |
| Dividend income | – | (2.19) |
| Dividend received | – | 2.19 |
| Finance cost | 5,625.41 | 4,121.48 |
| Interest expense – Ind AS 116 | 91.96 | 48.04 |
| Income received on loans | 11,196.60 | 9,149.92 |
| Interest received on deposits with banks | 149.41 | 135.03 |
| Finance cost paid | (5,796.70) | (4,242.29) |
| Operating profit before working capital changes | 1,125.87 | 1,620.63 |
| Decrease/ (increase) in financial and non financial assets | (400.96) | 186.06 |
| Increase/ (decrease) in financial and non financial liabilities | 926.35 | (1,176.73) |