IIFL Capital Services (IIFLCAPS) Q3 24/25 earnings summary

Executive summary

• 9MFY25 total income rose 31% YoY to ₹19,940 mn; total comprehensive income increased 76% to ₹5,835 mn.

• Q3FY25 total income grew 11% YoY to ₹6,464 mn and total comprehensive income rose 31% to ₹1,967 mn.

• Assets under management and custody reached ₹2,448 bn, up 35% YoY; distribution assets were ₹305 bn, up 27%.

• Consolidated Q3 FY25 revenue was Rs 64,644.50 lakh and profit after tax was Rs 19,723.04 lakh, above year-ago levels.

Financial highlights

• Q3FY25 revenue from operations rose 4% YoY to ₹5,826 mn; expenses increased 5% to ₹3,964 mn.

• Q3FY25 profit before tax was Rs 25,009.32 lakh vs Rs 20,317.77 lakh; basic EPS was Rs 6.39 vs Rs 4.91.

• Consolidated 9M FY25 total revenue was Rs 1,99,395.02 lakh and PAT Rs 58,485.25 lakh, vs Rs 1,52,692.83 lakh and Rs 33,278.06 lakh a year earlier.

• Standalone 9M FY25 total revenue was Rs 1,73,772.07 lakh and PAT Rs 53,690.54 lakh, vs Rs 1,35,588.23 lakh and Rs 35,814.32 lakh.

• Consolidated other income included property-sale gains of Rs 2,445 lakh in Q3 and Rs 4,515 lakh in 9M FY25.

Segment performance

• Capital market activity Q3 revenue was Rs 55,515.99 lakh and segment PBT Rs 22,030.73 lakh; 9M revenue was Rs 1,73,876.13 lakh and segment profit Rs 70,826.37 lakh.

• Insurance broking and ancillary Q3 revenue was Rs 5,865.45 lakh and segment profit Rs 684.55 lakh, down from Rs 7,147.84 lakh and Rs 995.58 lakh YoY.

• Facilities and ancillary Q3 revenue was Rs 4,129.61 lakh and segment profit Rs 2,294.04 lakh, vs Rs 1,311.67 lakh revenue and a Rs 65.62 lakh loss YoY.

• Investment banking completed 14 Q3FY25 transactions: 7 IPOs, 3 QIPs, 1 open offer, 1 offer for sale and 2 private placements; 15 DRHPs were filed.

• Investment banking 9MFY25 revenue was ₹2,081 mn, up 40% YoY; institutional research covered 289 stocks across 20+ sectors.