Iifl Finance Limited · NSE:IIFL
Iifl Finance — Q4 FY26 Earnings Presentation
50 slides from Iifl Finance's earnings presentation, Apr 29, 2026
Slide 1: Cover letter to BSE and NSE
April 29, 2026 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. Mumba
Slide 2: Strong Q4FY26 Performance Press Release
Annexure I IIFL Finance Limited - Q4FY26 & FY26 Results Press Release Press Release For immediate publication Mumbai, India | Apr 29, 2026 Strong Q4FY26 Performance: PAT at ₹623 Cr, up 24% QoQ; AUM crosses ₹1.08 lakh Cr. IIFL Finance Limited (“IIFL Finance”), a leading retail-focused NBFC, today ann
Slide 3: Business Segment Performance
Business Segment Performance • Gold Loans: Gold loan AUM surged to ₹52,581 Cr, up 150% YoY and 21% QoQ, emerging as the primary growth driver. Asset quality remained strong with GNPA at 0.35% • Home Finance: AUM stood at ₹40,075 Cr with a stable performance. Asset quality improved with GNPA at 1.2%,
Slide 4: Quarter ended Mar 31, 2026 results summary
Quarter ended Quarter ended Quarter ended Rs Crore Y-o-Y Q-o-Q Mar 31, 2026 Mar 31, 2025 Dec 31, 2025 Loan AUM 1,08,180 78,341 38% 98,336 10% Pre-provision operating 1,172.7 651.2 80% 1,075.4 9% profit* Profit before tax (pre- 832.6 309.5 169% 662.9 26% exceptional items) Profit after tax (pre-NCI1)
Slide 5: About IIFL Finance / Investor & Media Contact
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 4,829 branches and a customer
Slide 6: Performance Review
Annexure II Performance Review Quarter and Year ended March 2026 April 29, 2026 IIFL FINANCE LTD. | Bloomb erg: IIFL IN | NSE :IIFL | BSE :532 6 3 6
Slide 7: Contents
Contents | Q4FY26 & FY26 1 Key Highlights 3 – 11 2 IIFL Finance Consolidated 12 – 17 3 IIFL Finance Standalone 18 – 22 4 IIFL Home Finance 23 – 27 5 IIFL Samasta Finance 28 – 32 6 Corporate Information 33 – 42 2
Slide 8: Key Highlights
KEY HIGHLIGHTS Consistent Growth with Focus on Asset Quality 3
Slide 9: Consistent Growth with Focus on Asset Quality
IIFL Finance: Consistent Growth with Focus on Asset Quality Loan AUM PPOP Gross NPA Net NPA PAT (pre NCI) Provision Coverage ₹1,08,180 Cr ₹1,173 Cr 1.5% 0.7% ₹623.2 Cr 93% 10.0% QoQ 9.0% QoQ (14 bps) (2 bps) 24.3% QoQ Liquidity ROA ROE CRAR Branches Net Gearing ₹6,638 Cr 2.4% 13.1% 25.3% 4,829 3.8x
Slide 10: IIFL Finance (Consolidated): Q4FY26 and FY26 Results
IIFL Finance (Consolidated): Q4FY26 and FY26 Results ₹ Cr Q4FY26 Q3FY26 Q-o-Q Q4FY25 Y-o-Y FY26 FY25 Y-o-Y Interest income 2,773.4 2,535.6 9% 2,201.7 26% 10,021.2 8,165.3 23% Interest expense (1,609.6) (1,437.0) 12% (1,169.4) 38% (5,717.4) (4,169.5) 37% Net interest income 1,163.8 1,098.6 6% 1,032.4
Slide 11: Consolidated Balance Sheet as at March 31, 2026
Consolidated Balance Sheet as at March 31, 2026 ASSETS (₹ Cr) LIABILITIES & EQUITY (₹ Cr) Financial Assets Financial Liabilities Cash and Bank Balances 6,373 Payables 247 Receivables 120 Debt Securities 20,748 Loan Assets 70,911 Borrowings (Other) 43,099 Investments 6,092 Subordinated Liabilities 5,
Slide 12: AI Transformation: Illustrative Snapshot of Key Areas
AI Transformation: Illustrative Snapshot of Key Areas How AI is improving customer reach, sales conversion and operational efficiency REVENUE DRIVER COLLECTIO NS SALES PRODUCTIVI T Y AI-Powered Loan Lead Engine Agentic collections AI Business Coach for Branch AI scores customers by loan uptake Agent
Slide 13: FY27 Strategy: Resilient, Capital-Efficient Growth
FY27 Strategy: RESILIENT, CAPITAL-EFFICIENT GROWTH Focussing on secured priority sector lending for superior asset quality and bank partnerships Our 6 Strategic Pillars Strategy Flywheel Secured Portfolio Anchor Asset Quality & 1 Gold Loans + Mortgages (HL/LAP) Trust → Lower risk, stable growth, sup
Slide 14: FY27 Strategy in Charts
FY27 Strategy in Charts Focussing on secured priority sector lending for superior asset quality and bank partnerships Secured Portfolio Anchor Branch-Led Distribution Engine Co-Lending as Core Engine 88% 33% 38% 36% 30% 35% 77% 76% 79% 4,267 4,801 4,906 4,829 75% 3,391 15% 14% 13% 12% 6% FY22 FY23 F
Slide 15: Co-lending: Key growth driver
Co-lending: Key growth driver ₹1,08,180 Cr ₹38,088 Cr ₹50,512 Cr 12 Consolidated AUM Off-book AUM (35%) Cumulative co-lending Active bank since FY21 co-lending partners Off-book mix across IIFL businesses (% of AUM, FY26) RBI Co-Lending Directions, 2025 | Key Changes AUM (₹ Off-book Off-book DA Co-l
Slide 16: Co-Lending Bank Integrations with banks
Co-Lending Bank Integrations with banks NEW Onboarded in Q4FY26 Central Bank of India Jammu & Kashmir Bank Bank of Maharashtra Product: Gold Loan Product: Gold Loan Product: Gold Loan Status: Live Status: Live Status: Live Live since: Mar 2026 (Live for Home Loan/LAP earlier) Live since: Mar 2026 Li
Slide 17: IIFL Finance (Consolidated)
IIFL FINANCE (CONSOLIDATED) Q4FY26 Update 12
Slide 18: Consistent Loan Asset Growth, Mix Dominated by Gold & Mortgages
Consistent Loan Asset Growth, Mix Dominated by Gold & Mortgages Loan AUM (₹ Cr) Q4FY26 Q3FY26 QoQ% Q4FY25 YoY% Loan AUM (₹ Cr) Home Loan 32,125 31,893 1% 31,588 2% Gold Loan 52,581 43,432 21% 21,022 150% 1,08,180 MSME Loan 10,349 10,081 3% 9,294 11% a) MSME Secured 8,093 7,560 7% 6,523 24% 78,960 78
Slide 19: Overall Yield Maintained ~16%, Spread Improving
Overall Yield Maintained ~16%, Spread Improving Yield % Q4FY26 Q3FY26 QoQ Q4FY25 YoY Yield, Cost of Borrowing, Spread (%) Home Loan 10.55% 10.61% (0.06%) 10.97% (0.42%) Gold Loan 18.12% 18.26% (0.14%) 17.83% 0.29% 17.2 16.4 16.1 16.3 MSME Loan 15.94% 16.14% (0.20%) 16.49% (0.56%) 14.6 a) MSME Secure
Slide 20: Significant Improvement in Asset Quality
Significant Improvement in Asset Quality GNPA % Q4FY26 Q3FY26 QoQ Q4FY25 YoY GNPA & NNPA Trend (%) Home Loan 0.81% 0.51% 0.30% 1.41% (0.61%) 3.15 Gold Loan 0.35% 0.36% (0.01%) 0.54% (0.20%) MSME Loan 2.85% 2.85% 0.00% 1.76% 1.09% a) MSME Secured 2.65% 2.62% 0.03% 1.77% 0.88% 2.32 2.23 b) MSME Unsecu
Slide 21: Keeping Loan Loss Provisions Well Above RBI Requirement
Keeping Loan Loss Provisions Well Above RBI Requirement Loan Book (₹ Cr) 0 dpd 1-30 31-90 90+ Total S1 Prov% S2 Prov% S3 Prov% RBI ECL Home Loan 93.3% 2.7% 3.2% 0.8% 20,420 0.3% 2.5% 35.9% 94 134 Gold Loan 96.1% 1.7% 1.8% 0.3% 31,941 0.6% 0.8% 19.6% 148 200 MSME Loan 86.0% 4.7% 4.3% 5.0% 9,203 1.0%
Slide 22: Strong Liquidity, Diversifying Funding Sources
Strong Liquidity, Diversifying Funding Sources Diversified Borrowing Mix (Outstanding On-Book exposure) 35,586 38,691 45,993 50,931 67,991 17% 7% 15% 18% 10% 21% 11% 8% 4% 7% 38% 25% 29% 38% 43% 45% 51% 43% 35% 35% FY22 FY23 FY24 FY25 FY26 Term Loan Debentures Refinance Securitization & others Total
Slide 23: IIFL Finance (Standalone)
IIFL FINANCE (STANDALONE) Q4FY26 Update 18
Slide 24: IIFL Finance (Standalone): Q4FY26 and FY26 Results
IIFL Finance (Standalone): Q4FY26 and FY26 Results ₹ Cr Q4FY26 Q3FY26 Q-o-Q Q4FY25 Y-o-Y FY26 FY25 Y-o-Y Interest income 1,578.4 1,390.5 14% 981.4 61% 5,305.0 3,066.8 73% Interest expense (984.9) (828.6) 19% (591.7) 66% (3,273.3) (1,848.7) 77% Net interest income 593.5 561.9 6% 389.7 52% 2,031.7 1,2
Slide 25: IIFL Finance (Standalone): Key Highlights (1/2)
IIFL Finance (Standalone): Key Highlights (1/2) AUM (₹ Cr) Profit After Tax (₹ Cr) ROA / ROE (%) 1,154 18.5 17.6 57,604 16.7 745 806 11.1 585 25,573 29,250 27,508 3.3 3.5 2.8 21,109 2.3 (1.4) (410) (6.9) FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 ROA ROE Asset Quality
Slide 26: IIFL Finance (Standalone): Key Highlights (2/2)
IIFL Finance (Standalone): Key Highlights (2/2) AUM mix (%) Interest Spread (%) Average ticket size1 (₹ lakhs) 3 2 1 2 1 12 9 4 12 4 20 8 1.13 4 4 3 1 16.4 17.8 19.3 18.1 18.1 0.95 0.98 0.97 4 0.92 77 81 80 76 91 7.6 8.7 10.1 8.2 8.8 8.8 9.1 9.2 9.9 9.3 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 F
Slide 27: IIFL Finance (Standalone): Business Segments
IIFL Finance (Standalone): Business Segments GOLD LOAN | ₹52,581 Cr | 91% of Total MSME LOAN | ₹3,240 Cr | 6% of Total NON-CORE | ₹1,783 Cr | 3% of Total Secured MSME (LAP) ₹984 Cr CRE ₹163 Cr ATS ₹0.86L ATS: ₹193L | Yield: 13.93% Winding down Yield 18.12% Focus on mid-sized MSMEs in emerging market
Slide 28: IIFL Home Finance
IIFL HOME FINANCE Q4FY26 Update 23
Slide 29: IIFL Home Finance: Q4FY26 and FY26 Results
IIFL Home Finance: Q4FY26 and FY26 Results ₹ Cr Q4FY26 Q3FY26 Q-o-Q Q4FY25 Y-o-Y FY26 FY25 Y-o-Y Interest income 727.1 717.8 1% 732.7 (1%) 2,920.7 2,855.1 2% Interest expense (435.2) (428.5) 2% (404.4) 8% (1,719.5) (1,512.5) 14% Net interest income 291.8 289.3 1% 328.3 (11%) 1,201.2 1,342.6 (11%) In
Slide 30: IIFL Home Finance: Key Highlights (1/2)
IIFL Home Finance: Key Highlights (1/2) AUM (₹ Cr) PAT (₹ Cr) ROA / ROE (%) 24.9 35,499 39,732 40,075 1,017 976 17.6 768 763 16.9 28,512 14.0 23,617 593 9.8 3.6 3.9 4.4 3.8 2.6 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 ROA ROE Asset Quality (%) CRAR (%) Opex to Avg A
Slide 31: IIFL Home Finance: Key Highlights (2/2)
IIFL Home Finance: Key Highlights (2/2) AUM mix (%) Interest Spread Average ticket size (₹ lakhs) 2 3 2 2 2 11.1 12.4 12.6 12.4 11.6 23 21 20 19 18 20.48 3.3 4.1 4.4 3.9 3.5 16.85 15.60 14.26 14.89 75 76 77 80 80 7.8 8.3 8.3 8.5 8.1 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Home loan MSME Se
Slide 32: Housing Finance Transformation Initiatives
Housing Finance Transformation Initiatives Sales Credit Legal & Technical Product & Policy Collections Vertical Repositioning Decentralization Governance Structure Master Policy Revamp Operating Model Repositioned as Emerging & ICMs moved to branches; Defined deviation authorities Centralized framew
Slide 33: IIFL Home Finance: Business Segments
IIFL Home Finance: Business Segments MSME SECURED (LAP) | ₹7,184 Cr | 18% of AFFORDABLE PROJECT FINANCE | HOME LOAN | ₹32,125 Cr | 80% of total total ₹767 Cr | 2% of total ATS ₹16.39 Lakhs ATS ₹16.18 Lakhs ATS ₹679.98 Lakhs Yield 10.55% Yield 16.16% Yield 15.04% Tenor Upto 25 years Tenor Upto 15 yea
Slide 34: IIFL Samasta Finance
IIFL SAMASTA FINANCE Q4FY26 Update 29
Slide 35: IIFL Samasta Finance: Q4FY26 and FY26 Results
IIFL Samasta Finance: Q4FY26 and FY26 Results ₹ Cr Q4FY26 Q3FY26 Q-o-Q Q4FY25 Y-o-Y FY26 FY25 Y-o-Y Interest income 442.9 402.6 10% 429.3 3% 1,674.0 2,027.6 (17%) Interest expense (196.4) (192.6) 2% (183.0) 7% (767.4) (832.1) (8%) NII 246.5 210.0 17% 246.3 0% 906.6 1,195.5 (24%) Income from off-book
Slide 36: IIFL Samasta Finance: Key Highlights (1/2)
IIFL Samasta Finance: Key Highlights (1/2) AUM (₹ Cr) PAT (₹ Cr) ROA / ROE (%) 14,211 31.5 503 10,552 11,101 10,501 11.4 6,484 6.3 5.0 1.1 1.1 0.9 1.7 0.2 0.2 128 51 20 21 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Return on Assets Return on Equity Asset Quality (%) C
Slide 37: IIFL Samasta Finance: Key Highlights (2/2)
IIFL Samasta Finance: Key Highlights (2/2) AUM mix (%) Interest Spread Average ticket size (₹ lakhs) 2 3 3 5 4 3 4 5 5 3 23.8 24.4 24.1 24.3 5 7 8 13 21.9 0.68 11 90 86 84 79 80 13.7 14.2 13.9 14.3 0.48 0.54 12.3 0.44 0.39 9.6 10.1 10.3 10.2 10.0 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Mic
Slide 38: IIFL Samasta Finance: Business Segments
IIFL Samasta Finance: Business Segments GROUP LOANS (MFI) | ₹8,352 Cr | 80% of AUM MSME LOAN | ₹1,787 Cr | 17% of Total DAIRY LOAN | ₹362 Cr | 3% of Total Secured MSME (LAP) ₹1,358 Cr ATS ₹0.58L ATS ₹0.68L ATS: ₹4.80L | Yield: 22.58% Yield 24.24% Yield 24.56% For graduating MFI customers CGMFU Cover
Slide 39: Corporate Information
CORPORATE INFORMATION Group Structure, Strategy & Governance 34
Slide 40: IIFL Finance: Group Structure and Ownership
IIFL Finance: Group Structure and Ownership IIFL Finance ~ 80% (Listed) ~ 100% IIFL Samasta Shareholding Pattern % holding IIFL Home Finance Finance Promoters 24.9 Institutional Investors 51.1 Home Loan Gold Loan Microfinance Fairfax 15.2 MSME Secured MSME Loan Other Retail Capital Group 7.9 Since i
Slide 41: IIFL Finance (Consolidated): Ten-Year Trends
IIFL Finance (Consolidated): Ten-Year Trends AUM (₹ '000 Cr) Income (₹ Cr) PAT (₹ Cr) 108 7,626 1,974 1,817 79 78 6,486 1,608 65 5,064 5,536 1,188 38 45 51 2,568 3,191 3,877 31 35 712 761 2,459 503 578 20 22 1,123 1,871 339 423 465 1,379 Asset Quality (%) Return on Assets (%) Return on Equity (%) 3.
Slide 42: Vision, Strategy and Competitive Moat
Vision, Strategy and Competitive Moat Vision: To be the most respected Strategy: Collateral-Backed, High- Our Competitive Moat financial services group in India Growth Retail Lending Mission: Phygital Model Reach out and serve underserved Deep Management Expertise segments in underserved areas of In
Slide 43: Distinguished board of directors in the company & its subsidiaries
Distinguished board of directors in the company & its subsidiaries Gopalakrishnan Govinda Rajulu B. P. Kanungo Srinivasan Sridhar Chintala Soundarajan Chairperson & Chairman & Non- Chairman & Non-Executive Independent Director Executive Director Independent Director Director Fairfax Nominee Former D
Slide 44: An experienced senior management with strong credentials
An experienced senior management with strong credentials R Venkataraman Girish Kousgi Nirmal Jain Kapish Jain Joint Managing Director MD & CEO, IIFL Managing Director Group Chief Financial Officer PGDM-IIMB, BE – IIT, Home Finance PGDM-IIMA, CA, CWA CA, CWA, CS Kharagpur MBA, BCom Founded and led II
Slide 45: ESG at IIFL Finance: Strategy & Performance
ESG at IIFL Finance: Strategy & Performance Embedding sustainability into the core of business — recognised by external ratings Environmental Social Governance Climate-conscious operations Inclusive growth + community Strong oversight & transparency ● ISO 14001:2015 certified for 3 large branches ●
Slide 46: Environmental & Social: Action on the Ground
Environmental & Social: Action on the Ground Resource efficiency in operations + targeted community impact in aspirational districts Environmental Initiatives Social Initiatives — IIFL Foundation ISO 14001:2015 Environmental Management System CSR in Aspirational Districts (Government-identified) Cer
Slide 47: Governance, Disclosures & External Recognition
Governance, Disclosures & External Recognition Strong board oversight, audited disclosures, and sector leadership Board-Level ESG Committee First Year of External BRSR Assurance Globally Aligned Disclosures Oversees and approves all ESG initiatives. ESG function Reasonable Assurance for BRSR Core (I
Slide 48: Reconciliation: Consolidated Results with Group Entities
Reconciliation: Consolidated Results with Group Entities Q4FY26 (₹ Cr) Standalone Home Finance Samasta Intergroup Consolidated Interest income 1,578.4 727.1 442.9 25.0 2,773.4 Interest expense (984.9) (435.2) (196.4) 6.9 (1,609.6) NII 593.5 291.8 246.5 31.9 1,163.8 Non-fund income 708.3 221.5 151.7
Slide 49: 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 44
Slide 50: Thank You
Thank You Published April 2026 IIFL Finance Ltd. All rights reserved. Regd. Off: IIFL House, Sun Infotech Park, Road No. 16V, Plot No.B-23, Thane – 400604. This report is for information purposes only and does not construe to be any investment, legal or taxation advice. It is not intended as an offe