Iifl Finance Limited · NSE:IIFL
Iifl Finance — Q1 FY26 Earnings Presentation
61 slides from Iifl Finance's earnings presentation, Jul 30, 2025
Slide 1: Exchange intimation cover letter
July 30, 2025 The Manager, The Manager, Listing Department, Listing Department, BSE Limited (“BSE”), The National Stock Exchange of India Limited (“NSE”), Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot C/1, G Block, Dalal Street, Bandra - Kurla Complex, Bandra (E), Mumbai 400 001. Mumbai
Slide 2: Press Release: IIFL Finance Q1FY26 Results update
Annexure 1 IIFL Finance Limited Press Release For immediate publication Mumbai, India July 30, 2025 IIFL Finance Q1FY26 Results update Growth Momentum continues: PAT at Rs. 274 Cr, up 9% q-o-q; Gold loans crossed pre-embargo levels and closed at Rs. 27,274 Cr For the quarter ended June 30, 2025, IIF
Slide 3: Business Segment Performance
Business Segment Performance • Home Loans: AUM grew 14% YoY and 1% QoQ to ₹32,017 Cr, maintaining our leadership in affordable housing • Gold Loans: AUM surged 85% YoY and 30% QoQ to ₹27,274 Cr, demonstrating a continued recovery momentum post-RBI embargo • MSME Loans: AUM rose 13% YoY to ₹13,939 Cr
Slide 4: Key management changes undertaken in the quarter
Key management changes undertaken in the quarter to strengthen the executive backbone Mr. K. S. Praveen has been appointed as Head, Audit Assurance. Mr. Praveen brings 22 years of experience, including 19+ years with the Reserve Bank of India in supervisory roles and a brief tenure with the Bank of
Slide 5: About IIFL Finance
About IIFL Finance IIFL Finance Limited, along with its subsidiaries IIFL Home Finance and IIFL Samasta Finance, is a leading retail-focused NBFC offering diversified loan products, including home, gold, MSME, microfinance, and capital market finance. With a network of 4,872 branches and a customer
Slide 6: Performance review Quarter ended June 2025 (Q1FY26)
Annexure 2 Performance review Quarter ended June, 2025 Bloomberg: IIFL IN (Q1FY26) July 30, 2025
Slide 7: Key Highlights
Key Highlights 3–6 IIFL Finance Consolidated – Q1FY26 update 7 – 22 IIFL Finance Standalone – Q1FY26 update 23 – 28 IIFL Home Finance – Q1FY26 update 29 – 34 IIFL Samasta Finance – Q1FY26 update 35 – 40 Corporate Information 41 – 55 2
Slide 8: Key Highlights
HIF L FINANCE N i 7 S — o S an > fa] ns
Slide 9: Building a Stronger Governance and Executive Backbone
Building a Stronger Governance and Executive Backbone “We are committed to elevating our governance and management capabilities to best-in-class standards as we prepare for the company’s next phase of growth. In line with this vision, we have made several key changes and further enhancements to the
Slide 10: Q1FY26 - Quarter of revival and reassurance
Q1FY26 - Quarter of revival and reassurance Gold Loans Asset Quality - Corrective action Consolidated PAT (₹ Cr) Gold Loan AUM (₹ Cr) MSME Loans On March 4, 2024, the RBI • Discontinued small-ticket unsecured 26,081 27,274 imposed a temporary embargo on loans – No new disbursements in 23,354 our gol
Slide 11: IIFL Finance (Consolidated): Quarter at a Glance
IIFL Finance (Consolidated): Quarter at a Glance ₹ Cr Q1FY26 Q-o-Q ₹ Cr Q1FY26 Loan AUM 83,889 7% Net Gearing 3.4x Gross NPA % 2.3% 12 bps CRAR (Computed) 28.4% Net NPA % 1.1% 9 bps Liquidity 7,367 PAT (pre NCI) 274 9% Branch Network 4,872 Cost to Income % 48.0% (9.0%) Customers 4.6 Mn Opex to AUM %
Slide 12: IIFL Finance (Consolidated)
IIFL FINANCE (CONSOLIDATED)
Slide 13: Consolidated: Q1FY26 Results snapshot
IIFL Finance (Consolidated): Q1FY26 Results snapshot ₹ Cr Q1FY26 Q4FY25 Q-o-Q Q1FY25 Y-o-Y FY25 Loan AUM 83,889 78,341 7% 69,610 21% 78,341 IIFL Finance Standalone 33,605 27,508 22% 20,498 64% 27,508 IIFL Home Finance 40,111 39,732 1% 35,975 11% 39,732 IIFL Samasta Finance 10,173 11,101 (8%) 13,138
Slide 14: Consolidated: Q1FY26 Results
IIFL Finance (Consolidated): Q1FY26 Results ₹ Cr Q1FY26 Q4FY25 Q-o-Q Q1FY25 Y-o-Y FY25 Interest income 2,265.2 2,201.7 3% 2,046.6 11% 8,165.3 Interest expense (1,288.8) (1,169.4) 10% (1,041.6) 24% (4,169.5) Net interest income 976.5 1,032.4 (5%) 1,005.0 (3%) 3,995.8 Non-fund based income 661.4 355.5
Slide 15: Consolidated: Income Analysis
IIFL Finance (Consolidated): Income Analysis ₹ Cr Q1FY26 Q4FY25 Q-o-Q Q1FY25 Y-o-Y FY25 Loan Book (Ind AS Balance sheet) 57,263 54,946 4% 45,470 26% 54,946 Assigned assets 15,061 12,789 18% 14,609 3% 12,789 Co-lending book 11,565 10,606 9% 9,532 21% 10,606 Loan Assets under management 83,889 78,341
Slide 16: Consolidated balance sheet as at June 30, 2025
Consolidated balance sheet as at June 30, 2025 ASSETS (₹ Cr) LIABILITIES AND EQUITY (₹ Cr) 1 Financial Assets 1 Financial Liabilities (a) Cash and Bank Balances 5,362 (a) Payables 215 (b) Receivables 258 (b) Borrowings (c) Loan Assets 57,394 - Debt Securities 18,480 - Borrowings (Other than Debt (d)
Slide 17: Consolidated: Key highlights
IIFL Finance (Consolidated): Key highlights AUM (₹ Cr) Profit after tax2 (₹ Cr) Return on assets/equity Return on Assets Return on Equity 78,960 78,341 83,889 64,638 1,974 20.6% 19.9% 1,608 18.4% 44,688 51,210 1,188 15.3% 761 7.6% 3.3% 3.4% 3.4% 578 2.7% 274 2.0% 1.6% 0.9% FY21 FY22 FY23 FY24 FY25 Q
Slide 18: Consolidated: Funding mix
IIFL Finance (Consolidated): Funding mix Borrowing (₹ Cr) Borrowing mix Cost of borrowing 4% 6% 14% 13% 50,931 54,536 17% 16% 16% 13% 45,132 16% 12% 41,416 39,137 25% 25% 9.4% 9.5% 25% 33% 32% 9.2% 9.2% 9.1% 55% 52% 45% 41% 40% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25
Slide 19: Adequate liquidity, well covered to meet obligations
Adequate liquidity, well covered to meet obligations and sustain growth (₹ Cr) Asset Liability Match (ALM) - Surplus across all buckets Well covered Debt Repayment Schedule 76,402 22,445 61,664 19,497 76,402 18,714 54,221 17,423 Interest 56,601 14,532 Free Cash + 13,479 34,375 42,557 12,306 undrawn
Slide 20: Strategic shifts to retail, secured credit
Over the last 5 years, we have made strategic shifts to focus on providing retail, secured credit to small businesses and homes Mix% Mix% Loan AUM (₹ Cr) FY21 FY22 FY23 FY24 FY25 Q1FY25 Q4FY25 Q1FY26 Q0Q % YoY % Yield FY21 Q1FY26 Home Loan 14,439 17,727 21,800 27,438 31,588 28,089 31,588 32,017 1% 1
Slide 21: Improving Asset Quality: Our Strategic Roadmap
IMPROVING ASSET QUALITY: OUR STRATEGIC ROADMAP
Slide 22: NPAs impacted by macro trends in microfinance and unsecured lending
NPAs impacted by macro trends in microfinance, unsecured lending and small-ticket LAP GNPA % Q1FY26 Q4FY25 QoQ Q1FY25 YoY Home Loan 1.74% 1.41% 0.33% 1.29% 0.45% GNPA% NNPA% MSME Loan 5.42% 3.84% 1.58% 2.97% 2.45% a) MSME Secured 4.77% 3.45% 1.32% 3.60% 1.17% 3.15% b) MSME Unsecured 6.85% 4.57% 2.28
Slide 23: NPAs provision is well above RBI requirement
NPAs provision is well above RBI requirement Stage 1 Stage 2 Stage 3 Provision % Provision Loan book (₹ Cr) Total As per As per 0 dpd 1-30 dpd 31-90 dpd 90+ dpd Stage 1 Stage 2 Stage 3 RBI ECL Home Loan 90.0% 3.2% 5.0% 1.7% 20,057 0.4% 7.2% 34.5% 126 269 Gold Loan 99.0% 0.6% 0.2% 0.2% 17,458 0.6% 0.
Slide 24: Home Loan: Focused strategy on high-risk portfolio
Home Loan: Focused strategy to bring down and recover from high-risk portfolio Beneficiary Led Construction (BLC) under PMAY – Andhra Pradesh Overview Loan ATS GNPA % Q1FY26 Q4FY25 QoQ Q1FY25 YoY Yield % book % (₹ lakhs) Scheme Structure Home Loan excl. • Dual subsidy support through Central and Sta
Slide 25: MSME Secured Loan: Recalibrate target segment
MSME Secured Loan: Recalibrate target segment to reduce risk Loan book ATS GNPA % Q1FY26 Q4FY25 QoQ Q1FY25 YoY Yield % % (₹ lakhs) IIFL Finance 1.00% 1.39% (0.39%) - (1.00%) 6% 232 15.2% IIFL Home Finance 5.37% 3.84% 1.52% 3.72% 1.65% 75% 10.37 17.7% LAP 1.75% 1.64% 0.11% 2.23% (0.48%) 55% 22.15 14.
Slide 26: MFI: Leverage amongst borrowers moderating
MFI: Leverage amongst MFI borrowers moderating; special task force formed to address regional stress Lender exposure (Samasta + 3 or more lenders) • With restriction at the time of on-boarding and abating stress, 28.9% exposure to 3 or more lenders apart from IIFL Samasta has come 26.1% 19.1% 20.2%
Slide 27: MFI: Bucket X – Gross slippage trend
MFI: Bucket X – Gross slippage trend across major states Bucket X – Gross Slippage Trend (Overall) 1.94% 2.19% 2.02% 1.73% 1.83% 1.27% 1.55% 1.63% 1.24% 1.37% 1.23% 1.18% Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Bihar Karnataka 2.66% 2.32% 6.20% 2.06% 1.57%
Slide 28: IIFL Finance (Standalone)
IIFL FINANCE IIFL FINANCE (STANDALONE)
Slide 29: Standalone: Q1FY26 Results
IIFL Finance (Standalone): Q1FY26 Results ₹ Cr Q1FY26 Q4FY25 Q-o-Q Q1FY25 Y-o-Y FY25 Interest income 1,079.4 981.4 10% 670.6 61% 3,066.8 Interest expense (701.4) (591.7) 19% (437.4) 60% (1,848.7) Net interest income 378.0 389.7 (3%) 233.2 62% 1,218.1 Income from off-book assets 344.3 127.7 230% 104.
Slide 30: Standalone: Key highlights
IIFL Finance (Standalone): Key highlights AUM (₹ Cr) Profit after tax2 (₹ Cr) Return on assets/equity Return on Assets Return on Equity 33,605 29,250 806 3.3% 25,573 27,508 745 585 3.5% 19,199 21,109 343 1.5% 18.5% 2.3% 1.5% 17.6% 8.3% 8.8% 11.1% 133 (1.4%) FY21 FY22 FY23 FY24 FY25 Q1FY26 (6.9%) (41
Slide 31: Standalone: Key business units
IIFL Finance (Standalone): Key business units ATS Loan AUM (₹ Cr) FY21 FY22 FY23 FY24 FY25 Q1FY25 Q4FY25 Q1FY26 Q0Q % YoY % Yield (₹ lakhs) Gold loan 13,149 16,228 20,733 23,354 21,022 14,727 21,022 27,274 30% 85% 18.18% 0.80 MSME loan 1,662 1,016 1,524 3,653 5,479 4,174 5,479 5,332 (3%) 28% 19.31%
Slide 32: Standalone: Business update
IIFL Finance (Standalone): Business update AUM mix Interest Spread Average ticket size1 (₹ lakhs) 3% 3% 2% 1% 2% 2% 11% 7% 4% 1% 1% 0% 1% 18% 4% 4% 3% 16% 19.3% 2% 20% 17.5% 17.8% 18.1% 18.2% 1.13 16.4% 0.99 0.92 0.95 0.98 0.89 8.6% 8.7% 10.1% 8.7% 77% 81% 80% 76% 81% 7.6% 8.2% 68% 8.9% 8.8% 9.1% 9.
Slide 33: Standalone: Funding mix
IIFL Finance (Standalone): Funding mix Borrowing (₹ Cr) Borrowing mix Cost of borrowing 4% 8% Rating: AA/Stable by CRISIL, ICRA & India Rating, 28,558 9% 8% 23% 18% 23% 24,349 AA+/ Stable by Brickwork, B+/Stable from S&P 4% 3% 19,590 30% 6% Global and Fitch 31% 16,233 14,928 28% 43% 40% 9.9% 9.9% 9.
Slide 34: IIFL Home Finance
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Slide 35: IIFL Home Finance: Q1FY26 Results
IIFL Home Finance: Q1FY26 Results ₹ Cr Q1FY26 Q4FY25 Q-o-Q Q1FY25 Y-o-Y FY25 Interest income 730.2 732.7 0% 725.6 1% 2,855.1 Interest expense (419.3) (404.4) 4% (370.3) 13% (1,512.5) Net interest income 310.9 328.3 (5%) 355.3 (12%) 1,342.6 Income from off-book assets 170.4 130.2 31% 130.7 30% 596.2
Slide 36: IIFL Home Finance: Key highlights
IIFL Home Finance: Key highlights AUM (₹ Cr) Profit after tax (₹ Cr) Return on assets/equity Return on Assets Return on Equity 1,017 976 40,111 24.9% 35,499 39,732 768 20.3% 28,512 593 17.6% 16.9% 14.0% 10.6% 20,694 23,617 401 201 3.6% 3.9% 4.4% 2.7% 3.8% 2.9% FY21 FY22 FY23 FY24 FY25 Q1FY26 FY21 FY
Slide 37: IIFL Home Finance: Key business units
IIFL Home Finance: Key business units ATS Loan AUM (₹ Cr) FY21 FY22 FY23 FY24 FY25 Q1FY25 Q4FY25 Q1FY26 Q0Q % YoY % Yield1 (₹ lakhs) Affordable home loan 14,439 17,727 21,800 27,438 31,588 28,089 31,588 32,017 1% 14% 10.89% 15.46 MSME secured loan 5,381 5,346 5,905 7,250 7,464 7,071 7,464 7,350 (2%)
Slide 38: IIFL Home Finance: Business update
IIFL Home Finance: Business update AUM mix Interest Spread Average ticket size1 (₹ lakhs) 4% 2% 3% 2% 2% 2% 19% 18% 12.4% 12.6% 12.4% 12.2% 26% 23% 21% 20% 11.5% 11.1% 8.3% 8.3% 8.5% 8.4% 20.36 20.48 7.9% 7.8% 15.60 14.26 14.89 15.07 75% 76% 77% 80% 80% 3.5% 4.1% 4.4% 3.9% 3.8% 70% 3.3% FY21 FY22 FY
Slide 39: IIFL Home Finance: Funding mix
IIFL Home Finance: Funding mix Borrowing (₹ Cr) Borrowing mix Cost of borrowing 5% 5% 7% 6% 7% Rating: AA/Stable by CRISIL, ICRA, & India Rating, 19,531 28% 27% 28% AA+/Stable by Brickwork 29% 28% 18,851 19,126 23% 24% 24% 23% 21% 8.5% 8.5% 17,054 16,724 8.4% 8.3% 8.3% 44% 44% 40% 43% 44% Q1 FY25 Q2
Slide 40: IIFL Samasta Finance
IIFL FINANCE IIFL SAMASTA FINANCE
Slide 41: IIFL Samasta Finance: Q1FY26 Results
IIFL Samasta Finance: Q1FY26 Results ₹ Cr Q1FY26 Q4FY25 Q-o-Q Q1FY25 Y-o-Y FY25 Interest income 423.6 429.3 (1%) 584.2 (27%) 2,027.6 Interest expense (185.7) (183.0) 1% -234.9 (21%) (832.1) Net interest income 237.9 246.3 (3%) 349.3 (32%) 1,195.5 Income from off-book assets 45.3 9.2 393% 50.0 (9%) 1
Slide 42: IIFL Samasta Finance: Key highlights
IIFL Samasta Finance: Key highlights AUM (₹ Cr) Profit after tax (₹ Cr) Return on assets/equity Return on Assets Return on Equity 14,211 503 10,552 11,101 10,173 31.5% 6,484 128 11.8% 11.4% 4,796 66 51 6.3% 1.1% 20 1.9% 0.9% 1.7% 5.0% 0.2% (12.7%) (61) (2.7%) FY21 FY22 FY23 FY24 FY25 Q1FY26 FY21 FY2
Slide 43: IIFL Samasta Finance: Key business units
IIFL Samasta Finance: Key business units 1 ATS1 Loan AUM (₹ Cr) FY21 FY22 FY23 FY24 FY25 Q1FY25 Q4FY25 Q1FY26 Q0Q % YoY % Yield (₹ lakhs) Microfinance 4,440 5,821 9,072 11,891 8,758 10,831 8,758 7870 (10%) (27%) 24.15% 0.49 MSME Secured 58 329 767 1,118 1,242 1,126 1,242 1257 1% 12% 22.58% 4.70 Dair
Slide 44: IIFL Samasta Finance: Business update
IIFL Samasta Finance: Business update AUM mix Interest Spread1 Average ticket size1 (₹ lakhs) 4% 2% 3% 3% 5% 5% 3% 4% 23.8% 24.4% 24.1% 24.1% 0.56 2% 5% 5% 5% 22.4% 21.9% 0.54 1% 5% 7% 8% 0.48 11% 12% 0.44 14.2% 13.9% 14.0% 0.39 12.7% 12.3% 13.7% 0.33 93% 90% 86% 84% 79% 77% 9.8% 9.6% 10.1% 10.3% 10
Slide 45: IIFL Samasta Finance: Funding mix
IIFL Samasta Finance: Funding mix Borrowing (₹ Cr) Borrowing mix Cost of borrowing 4% 5% 6% 14% Rating: AA-/Stable by CRISIL & India Rating AA- 15% 8,130 9% 8% 8% /Stable by ACUITE 7,485 7,051 17% 19% 23% 7% 6% 6,692 6,852 23% 27% 10.5% 10.5% 71% 67% 63% 57% 52% 10.4% 10.4% 10.3% Q1 FY25 Q2 FY25 Q3
Slide 46: Corporate Information
IIFL FINANCE | way, CORPORATE INFORMATION
Slide 47: Listed holding NBFC with 2 major subsidiaries
IIFL Finance is listed holding NBFC with 2 major subsidiaries for housing & Micro-finance IIFL Finance ~ 80% (Listed) ~ 100% IIFL Home IIFL Samasta Finance Finance Home Loan Gold Loan Microfinance MSME Secured Loan MSME Loan Other Retail Loans FY25 Performance : FY25 Performance: FY25 Performance :
Slide 48: Serving Bharat: Productive Lending to Underserved Segments
Serving Bharat: Productive Lending to Low-Income & Underserved Segments 95% 86% 84% loans are for productive purposes customers are from economically weaker branches in non-metro areas to section cater to the underserved 53% 49% 29% 29% 26% 31% 16% 22% 12% 11% 10% 2% 1% 0% 3% 3% 1% 1% 0 to 1 1 to 2
Slide 49: Strategy focused on collateral-backed, high-growth retail lending
Strategy focused on collateral-backed, high-growth retail lending Uniquely Positioned for High-ROE, Scalable Growth in Retail Lending Business Model Focused on collateral-backed and cash flow-based retail loans across high-growth, resilient segments Phygital Two-pronged strategy Partnerships A robus
Slide 50: MSME Lending is the new growth engine
MSME Lending is the new growth engine Tapping India’s vast MSME potential with Scalable, Digital Lending Market Opportunity IIFL Strengths • MSME sector: ₹20-25 lakh crore of unmet • Group-wide network of 4,800+ branches credit demand ensures deep market penetration • 80%+ of MSMEs remain outside fo
Slide 51: Robust Compliance, Risk & Governance Framework
Robust Compliance, Risk & Governance Framework Our Commitment to Strong Governance & Regulatory Compliance Fully compliant with RBI Scale-Based Dedicated Chief Compliance Officer and Regulations (SBR) for Upper Layer NBFCs Internal Audit reporting directly to the Board Independent Board Committees f
Slide 52: Distinguished board of directors
Distinguished board of directors in the company & its subsidiaries Govinda Rajulu Gopalakrishnan Srinivasan Sridhar B. P. Kanungo Chintala Soundarajan Chairman & Non- Chairman & Independent Director Non-Executive Director Executive Director Independent Director Fairfax Nominee Former Deputy Governor
Slide 53: Marquee global investors and shareholding pattern
Since inception, marquee global investors have reposed faith in our business & management Shareholding Pattern % holding Promoters 24.9 Institutional Investors 49.2 (Formerly CDC Group) Fairfax 15.2 2010 2016 Capital Group 5.4 Bank Muscat India Fund 3.3 Theleme 2.3 Vanguard 2.2 2007 2011 2022 Abakku
Slide 54: An experienced senior management
An experienced senior management with strong credentials R Venkataraman Nirmal Jain Kapish Jain Pranav Dholakia Joint Managing Director Managing Director Group Chief Financial Officer Chief Risk Officer PGDM-IIMB, BE – IIT, PGDM-IIMA, CA, CWA CA, CWA, CS MBA, CA Kharagpur Founded and led IIFL since
Slide 55: ESG - Environment
Environment, Social & Governance - Environment Adopting environmentally conscious solutions in our business initiatives as well IIFL has signed a US$ 68 million Pioneered Green Building concept in loan with Asian Development Bank (ADB) to partnership with housing developers improve funding to afford
Slide 56: ESG - Social
Environment, Social & Governance - Social IIFL is firmly committed to support economic activity and financial inclusion through its loan offerings while adapting to changes in the external environment ▪ 93.62% of the Unsecured MSME digital ▪ 76% of the branches are located in loans given are of less
Slide 57: ESG - Social: CSR projects
Environment, Social & Governance - Social CSR projects continue with creative use of technology Skill Development Training in ‘Chef Trade’ Supporting Education of children and Youths - (Commis Chef) for 120 Youths – Kashmir Maharashtra ▪ The programme aims to provide skill training to 120 ▪ A traini
Slide 58: ESG - Governance
Environment, Social & Governance - Governance Establishing vision, mission and values and determining, reviewing the goals and policies of the Company from time to time Promote sound corporate governance Corporate policies and guidelines: Board Diversity practices, ethical standards, and compliance
Slide 59: Reconciliation of reported consolidated results with group entities
Reconciliation of reported consolidated results with group entities IIFL Finance IIFL Home IIFL Samasta Intergroup IIFL Finance Q1FY26 (₹ Cr) Standalone Finance* Finance adjustments Consolidated Interest income 1,079.4 730.2 423.6 32.1 2,265.2 Interest expense (701.4) (419.3) (185.7) 17.5 (1,288.8)
Slide 60: Link to databook
Link to databook Data reported across previous quarters is now continued to be reported in a Data Book, maintained in an excel format on our website. The Link for the data book is hosted below. Click here to download databook Click here to download databook 55
Slide 61: Thank you
Thank you Published in July 2025 IIFL Finance Ltd. All rights reserved. Regd. Off: IIFL House, Sun Infotech Park, Road No. 16V, Plot No.B-23, Thane Industrial Area, Wagle Estate, Thane – 400604. This report is for information purposes only and does not construe to be any investment, legal or taxatio