IIFL Finance (IIFL) Q4 24/25 earnings summary

Executive summary

• Q4 FY25 marked a turnaround with consolidated PAT at ₹251.4 crore, up 208% quarter-over-quarter, and AUM rising 10% sequentially to ₹78,341 crore; gold loan AUM doubled in 6 months post-embargo.

• Achieved full RBI compliance post-gold loan embargo, with strengthened governance and risk management.

• Board approved enabling resolution to raise up to ₹10,000 crore via non-convertible securities in FY26, subject to AGM approval.

• Maintained strong liquidity buffer of over ₹5,200 crore and protected AA/Stable credit rating.

• Appointment of new Secretarial Auditor and retirement of Chairperson at AGM.

Financial highlights

• Consolidated revenue from operations for FY25 was ₹10,210.90 crore, up from ₹9,838.63 crore in FY24.

• Consolidated PAT for FY25 was ₹1,974.22 crore, while standalone results showed a loss of ₹409.57 crore due to a ₹586.50 crore exceptional provision.

• Q4 FY25 PAT (pre NCI) at ₹251.4 crore, up 208% sequentially; pre-provision operating profit at ₹651 crore, up 22% sequentially.

• AUM was flat year-over-year but grew 10% quarter-over-quarter to ₹78,341 crore.

• Basic EPS (consolidated) for FY25 was ₹9.07; standalone EPS was negative at ₹(9.80).

Outlook and guidance

• FY26 focus on prudent balance sheet growth, especially in microfinance, gold loans, and MSME lending, with technology investment to rise 40% for AI/digital.

• Board approved fund-raising plans for up to ₹10,000 crore via non-convertible securities for FY26.

• Loan book growth guidance: Home Loan 15–18%, Gold Loan 25–30%, MSME Loan 25–30%, Microfinance 5–10%.

• Credit cost guidance for FY26 is 2.5–2.7%, with normalization expected in FY27 as portfolio mix shifts.

• ROE for FY26 guided closer to 3%, with NIM and cost-to-income ratio expected to improve.