Iifl Finance Limited · NSE:IIFL
Iifl Finance — Q4 FY25 Earnings Presentation
60 slides from Iifl Finance's earnings presentation, May 8, 2025
Slide 1: Exchange intimation letter on results
May 8, 2025 The Manager, The Manager, Listing Department, Listing Department, BSE Limited (“BSE”), The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, (“NSE”), Dalal Street, Exchange Plaza, 5th Floor, Plot C/1, G Block, Mumbai 400 001. Bandra - Kurla Complex, Bandra (E), BSE Scri
Slide 2: Press Release: Q4FY25 Results update
Annexure 1 IIFL Finance Limited Press Release For immediate publication Mumbai, India May 08, 2025 IIFL Finance Q4FY25 Results update Strong Recovery Momentum: PAT at Rs. 251Cr, up 208% q-o-q; Gold loans up 40% q-o-q For the quarter ended March 31, 2025, IIFL Finance reported a consolidated profit a
Slide 3: Management Commentary
Management Commentary Mr. Nirmal Jain, Managing Director, said: "Q4 marks a decisive turnaround with consistent growth across key performance indicators. Gold loans have rebounded strongly post-embargo, and MSME lending continues its steady expansion. Asset quality has improved, with GNPA declining
Slide 4: 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 4,906 branches and a customer
Slide 5: Performance review Q4FY25
Annexure 2 Performance review Quarter ended Mar, 2025 Bloomberg: IIFL IN (Q4FY25) May 8, 2025
Slide 6: Contents
Key Highlights 3–8 IIFL Finance Consolidated – Q4FY25 update 9 – 27 IIFL Finance Standalone – Q4FY25 update 28 – 33 IIFL Home Finance – Q4FY25 update 34 – 39 IIFL Samasta Finance – Q4FY25 update 40 – 45 Corporate Information 46 – 55 2
Slide 7: Key Highlights
IIFL FINANCE N i 7 S — o S an > fa] ns
Slide 8: FY25 in Perspective – From setback to strength
FY25 in Perspective – From setback to strength We are back on track Consolidated PAT (₹ Cr) Gold Loan AUM (₹ Cr) 26,081 Compliance 23,354 • Successfully met all compliance requirements of RBI - fully 21,022 compliant & operational today 14,738 15,044 • Strengthened governance, compliance, and digita
Slide 9: IIFL Finance (Consolidated): Quarter at a Glance
IIFL Finance (Consolidated): Quarter at a Glance ₹ Cr Q4FY25 Q-o-Q ₹ Cr Q4FY25 Loan AUM 78,341 10% Net Gearing 3.4x Disbursal (Core business) 19,700 12% CRAR (Computed) 29.0% Gross NPA % 2.2% (19 bps) Liquidity 5,216 Net NPA % 1.0% 4 bps Branch Network 4,906 PAT (pre NCI) 251 208% Customers 4.5 Mn C
Slide 10: 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 11: 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 4,900+ branches credit demand ensures deep market penetration • 80%+ of MSMEs remain outside fo
Slide 12: FY26 – Strategic priorities & Outlook
FY26 – Strategic priorities & Outlook Management Estimates FY26 • Growth Strategy: We maintain a prudent approach to expanding balance sheet assets, while allowing relatively faster Loan book growth % yoy growth in risk-off assets, particularly within the Microfinance and Gold Loan businesses. Home
Slide 13: IIFL Finance (Consolidated)
IIFL FINANCE (CONSOLIDATED)
Slide 14: Consolidated: Q4FY25 and FY25 Results snapshot
IIFL Finance (Consolidated): Q4FY25 and FY25 Results snapshot ₹ Cr Q4FY25 Q3FY25 Q-o-Q Q4FY24 Y-o-Y FY25 FY24 Y-o-Y Loan AUM 78,341 71,410 10% 78,960 (1%) 78,341 78,960 (1%) PPOP1 651.2 534.3 22% 1,001.3 (35%) 2,572.8 3,679.2 (30%) PBT (before exceptional items) 309.5 101.0 206% 553.7 (44%) 1,293.5
Slide 15: Consolidated: Q4FY25 and FY25 Results
IIFL Finance (Consolidated): Q4FY25 and FY25 Results ₹ Cr Q4FY25 Q3FY25 Q-o-Q Q4FY24 Y-o-Y FY25 FY24 Y-o-Y Interest income 2,201.7 1,942.6 13% 2,195.0 0% 8,165.3 8,036.2 2% Interest expense (1,169.4) (995.7) 17% (1,062.8) 10% (4,169.5) (3,867.8) 8% Net interest income 1,032.4 947.0 9% 1,132.2 (9%) 3
Slide 16: Consolidated: Income Analysis
IIFL Finance (Consolidated): Income Analysis ₹ Cr Q4FY25 Q3FY25 Q-o-Q Q4FY24 Y-o-Y FY25 FY24 Y-o-Y Loan Book (Ind AS Balance sheet) 54,946 49,702 11% 50,833 8% 54,946 50,833 8% Assigned assets 12,789 12,472 3% 16,340 (22%) 12,789 16,340 (22%) Co-lending book 10,606 9,236 15% 11,786 (10%) 10,606 11,7
Slide 17: Consolidated balance sheet as at March 31, 2025
Consolidated balance sheet as at March 31, 2025 ASSETS (₹ Cr) LIABILITIES AND EQUITY (₹ Cr) 1 Financial Assets 1 Financial Liabilities (a) Cash and Bank Balances 4,192 (a) Payables 220 (b) Receivables 108 (b) Borrowings (c) Loan Assets 55,364 - Debt Securities 16,772 - Borrowings (Other than Debt (d
Slide 18: 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 64,638 1,974 20.6% 19.9% 1,608 18.4% 44,688 51,210 15.3% 1,188 761 3.3% 3.4% 3.4% 578 2.7% 2.0% 0.9% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY
Slide 19: Consolidated: Funding mix
IIFL Finance (Consolidated): Funding mix Borrowing (₹ Cr) Borrowing mix Cost of borrowing 9% 4% 9% 13% 14% 15% 50,931 15% 17% 45,993 10% 13% 35,586 38,691 27% 32% 27% 23% 33% 9.1% 9.1% 9.2% 31,393 8.7% 8.8% 44% 48% 54% 52% 41% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY2
Slide 20: Adequate liquidity, well covered to meet obligations and sustain growth
Adequate liquidity, well covered to meet obligations and sustain growth (₹ Cr) Asset Liability Match (ALM) - Surplus across all buckets Well covered Debt Repayment Schedule 73,664 19,846 17,092 56,280 73,664 16,421 15,030 49,850 13,661 Interest 12,790 51,038 Free Cash + 11,594 31,031 37,825 undrawn
Slide 21: Strategic shifts to retail, secured credit to small businesses and homes
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 Q4FY24 Q3FY25 Q4FY25 Q0Q % YoY % Yield FY21 Q4FY25 Home Loan 14,439 17,727 21,800 27,438 31,588 27,438 30,318 31,588 4% 1
Slide 22: NPAs impacted by macro trends (1/2)
NPAs impacted by macro trends in microfinance, unsecured lending and small-ticket LAP (1/2) GNPA % Q4FY25 Q3FY25 QoQ Q4FY24 YoY Home Loan 1.41% 1.29% 0.12% 1.19% 0.22% GNPA% NNPA% MSME Loan 3.84% 3.99% (0.15%) 2.52% 1.32% a) MSME Secured 3.45% 4.05% (0.60%) 2.96% 0.50% 3.15% b) MSME Unsecured 4.57%
Slide 23: NPAs impacted by macro trends (2/2)
NPAs impacted by macro trends in microfinance, unsecured lending and small-ticket LAP (2/2) 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 91.0% 2.9% 4.7% 1.4% 19,815 0.4% 8.5% 33.8% 119 25
Slide 24: 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 25: Serving Bharat: Productive Lending to Underserved Segments
Serving Bharat: Productive Lending to Low-Income & Underserved Segments 93% 86% 84% loans are for productive purposes customers are from economically weaker branches in non-metro areas to section cater to the underserved 56% 49% 29% 29% 26% 27% 16% 19% 15% 10% 11% 2% 1% 0% 5% 3% 1% 1% 0 to 1 1 to 2
Slide 26: 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 27: Industry Update
IIFL FINANCE | way, INDUSTRY UPDATE
Slide 28: Housing Finance Industry
Housing Finance Industry Revised PSL Guidelines effective April 01, 2025 PMAY (U) 2.0 Change in loan limit to individuals for purchase/construction Loan Limit Max. Dwelling Unit Cost 118.64 Lakhs 112.75 Lakh 92.21 Lakhs City Type; based (INR Lakhs) (INR Lakhs) Houses Sanctioned Houses Grounded House
Slide 29: Microfinance Industry
Microfinance Industry Steps intended to ensure Responsible Microfinance by being client centric and avoiding over-leverage MFIN Guardrail 2.0 effective April 1, 2025 Regulatory & Policy Updates (Since March 2024) - Each MFI customer should have microfinance loans from a maximum of three lenders - To
Slide 30: Gold Loan Industry
Gold Loan Industry Aims to harmonise gold loan regulations across banks/NBFCs and removes ambiguity in norms and processes Draft RBI Guidelines on Lending against Gold Loan collateral Regulatory & Policy Updates (Since March 2024) - Top-ups and renewals can be offered to borrowers classified as - Op
Slide 31: MSME Industry
MSME Industry Strategic focus of the government continues to be on bolstering MSME sector by increased credit access, entrepreneurial support and sector-specific initiatives Recent budgetary announcements for MSME sector Regulatory & Policy Updates (Since March 2024) - Revised MSME classification en
Slide 32: IIFL Finance (Standalone)
IIFL FINANCE IIFL FINANCE (STANDALONE)
Slide 33: Standalone: Q4FY25 and FY25 Results
IIFL Finance (Standalone): Q4FY25 and FY25 Results ₹ Cr Q4FY25 Q3FY25 Q-o-Q Q4FY24 Y-o-Y FY25 FY24 Y-o-Y Interest income 981.4 742.6 32% 830.0 18% 3,066.8 3,053.2 0% Interest expense (591.7) (432.5) 37% (472.7) 25% (1,848.7) (1,702.1) 9% Net interest income 389.7 310.0 26% 357.3 9% 1,218.1 1,351.2 (
Slide 34: Standalone: Key highlights
IIFL Finance (Standalone): Key highlights AUM (₹ Cr) Profit after tax2 (₹ Cr) Return on assets/equity Return on Assets Return on Equity 29,250 806 3.3% 25,573 27,508 745 585 3.5% 19,199 21,109 343 1.5% 18.5% 2.3% 17.6% 8.8% 11.1% (1.4%) FY21 FY22 FY23 FY24 FY25 (6.9%) (410) FY21 FY22 FY23 FY24 FY25
Slide 35: Standalone: Key business units
IIFL Finance (Standalone): Key business units ATS Loan AUM (₹ Cr) FY21 FY22 FY23 FY24 FY25 Q4FY24 Q3FY25 Q4FY25 Q0Q % YoY % Yield (₹ lakhs) Gold loan 13,149 16,228 20,733 23,354 21,022 23,354 15,044 21,022 40% (10%) 17.83% 0.85 MSME loan 1,662 1,016 1,524 3,653 5,479 3,653 5,355 5,479 2% 50% 19.05%
Slide 36: Standalone: Business update
IIFL Finance (Standalone): Business update AUM mix Spread Average ticket size1 (₹ lakhs) 3% 3% 2% 1% 2% 11% 7% 4% 1% 1% 18% 4% 4% 3% 18.7% 19.7% 19.1% 19.5% 2% 18.4% 1.13 20% 0.92 0.95 0.98 0.89 9.4% 10.6% 9.4% 10.0% 10.0% 68% 77% 81% 80% 76% 9.3% 9.1% 9.0% 9.1% 9.5% FY21 FY22 FY23 FY24 FY25 FY21 FY
Slide 37: Standalone: Funding mix
IIFL Finance (Standalone): Funding mix Borrowing (₹ Cr) Borrowing mix Cost of borrowing 7% AA/Stable by CRISIL, ICRA & India Rating, AA+/ 25% 17% 10% 15% 18% 24,349 8% 4% Stable by Brickwork, B+/Stable by S&P Global, Fitch 3% 11% 19,609 16,719 38% 25% 15,271 16,317 38% 43% 44% 9.5% 9.3% 45% 51% 9.1%
Slide 38: IIFL Home Finance
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Slide 39: IIFL Home Finance: Q4FY25 and FY25 Results
IIFL Home Finance: Q4FY25 and FY25 Results ₹ Cr Q4FY25 Q3FY25 Q-o-Q Q4FY24 Y-o-Y FY25 FY24 Y-o-Y Interest income 732.7 696.9 5% 700.2 5% 2,855.1 2,620.3 9% Interest expense (404.4) (377.6) 7% (361.2) 12% (1,512.5) (1,330.4) 14% Net interest income 328.3 319.3 3% 339.0 (3%) 1,342.6 1,289.9 4% Income
Slide 40: 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 24.9% 35,499 39,732 768 20.3% 28,512 593 17.6% 16.9% 14.0% 20,694 23,617 401 3.6% 3.9% 4.4% 2.7% 3.8% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 F
Slide 41: IIFL Home Finance: Key business units
IIFL Home Finance: Key business units ATS Loan AUM (₹ Cr) FY21 FY22 FY23 FY24 FY25 Q4FY24 Q3FY25 Q4FY25 Q0Q % YoY % Yield1 (₹ lakhs) Affordable home loan 14,439 17,727 21,800 27,438 31,588 27,438 30,318 31,588 4% 15% 10.97% 15.35 MSME secured loan 5,381 5,346 5,905 7,250 7,464 7,250 7,332 7,464 2% 3
Slide 42: IIFL Home Finance: Business update
IIFL Home Finance: Business update AUM mix Spread Average ticket size1 (₹ lakhs) 4% 2% 3% 2% 2% 20% 19% 11.6% 11.8% 12.5% 12.5% 26% 23% 21% 11.2% 8.3% 8.4% 20.36 20.48 8.4% 8.0% 7.9% 15.60 14.26 14.89 75% 76% 77% 80% 3.2% 3.3% 3.8% 4.2% 4.1% 70% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21
Slide 43: IIFL Home Finance: Funding mix
IIFL Home Finance: Funding mix Borrowing (₹ Cr) Borrowing mix Cost of borrowing 5% 4% 1% 3% 6% Rating: AA/Stable by CRISIL, ICRA, & India Rating, 22% 20% 21% 27% AA+/Stable by Brickwork 28% 18% 22% 22% 24% 23% 17,481 19,531 8.4% 8.4% 14,776 8.3% 12,705 14,061 56% 55% 56% 46% 8.0% 43% 7.9% FY21 FY22
Slide 44: IIFL Samasta Finance
IIFL FINANCE IIFL SAMASTA FINANCE
Slide 45: IIFL Samasta Finance: Q4FY25 and FY25 Results
IIFL Samasta Finance: Q4FY25 and FY25 Results ₹ Cr Q4FY25 Q3FY25 Q-o-Q Q4FY24 Y-o-Y FY25 FY24 Y-o-Y Interest income 429.3 470.7 (9%) 601.4 (29%) 2,027.6 2,200.7 (8%) Interest expense (183.0) (197.6) (7%) (241.1) (24%) (832.1) (880.4) (5%) Net interest income 246.3 273.1 (10%) 360.3 (32%) 1,195.5 1,3
Slide 46: 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 14211 503 10552 11101 31.5% 6484 4796 128 11.8% 11.4% 5.0% 66 51 6.3% 20 1.1% 1.9% 0.9% 1.7% 0.2% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY
Slide 47: IIFL Samasta Finance: Key business units
IIFL Samasta Finance: Key business units 1 ATS1 Loan AUM (₹ Cr) FY21 FY22 FY23 FY24 FY25 Q4FY24 Q3FY25 Q4FY25 Q0Q % YoY % Yield (₹ lakhs) Microfinance 4,440 5,821 9,072 11,891 8,758 11,891 9,167 8,758 (4%) (26%) 24.24% 0.48 MSME Secured 58 329 767 1,118 1,242 1,118 1,217 1,242 2% 11% 22.56% 4.69 Dai
Slide 48: IIFL Samasta Finance: Business update
IIFL Samasta Finance: Business update AUM mix Spread1 Average ticket size1 (₹ lakhs) 4% 2% 3% 3% 5% 3% 4% 23.8% 24.4% 24.2% 2% 5% 5% 22.4% 21.9% 0.54 1% 5% 7% 8% 0.48 11% 0.44 13.8% 13.8% 13.8% 0.39 12.0% 11.9% 0.33 93% 90% 86% 84% 79% 10.4% 10.0% 10.0% 10.6% 10.5% FY21 FY22 FY23 FY24 FY25 FY21 FY22
Slide 49: IIFL Samasta Finance: Funding mix
IIFL Samasta Finance: Funding mix Borrowing (₹ Cr) Borrowing mix Cost of borrowing 8,903 0% 3% Rating: AA-/Stable by CRISIL & India Rating AA- 17% 16% 16% 14% 26% 7% /Stable by ACUITE 7,196 11% 12% 17% 7,051 23% 5,208 3,418 74% 72% 72% 10.6% 65% 57% 10.4% 10.5% 10.0% 10.0% FY21 FY22 FY23 FY24 FY25 F
Slide 50: Corporate Information
IIFL FINANCE | way, CORPORATE INFORMATION
Slide 51: Distinguished board of directors in the company & its subsidiaries
Distinguished board of directors in the company & its subsidiaries A K Purwar Chairman & Non- Executive Director Former Chairman, SBI Govinda Rajulu Srinivasan Sridhar Kalengada Nirmal Jain* R Venkataraman* Chintala Managing Director Chairman & Non- Mandanna Nanaiah Joint Managing Director Chairman
Slide 52: 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 48.8 (Formerly CDC Group) Fairfax 15.2 2010 2016 Capital Group 5.9 Bank Muscat India Fund 3.3 Vanguard 3.0 Theleme 2.2 2007 2011 2022 Ward F
Slide 53: Experienced senior management with strong credentials
Experienced senior management with strong credentials R Venkataraman N Venkatesh Nirmal Jain Monu Ratra Joint Managing Director MD, IIFL Samasta Finance Managing Director CEO, IIFL Home Finance PGDM-IIMB, BE – IIT, Leadership program in PGDM-IIMA, CA, CWA Qualified Architect, MBA Kharagpur Microfina
Slide 54: Environment, Social & Governance - 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 55: Environment, Social & Governance - 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 ▪ 91.27% of the Unsecured MSME digital ▪ 75% of the branches are located in loans given are of less
Slide 56: Environment, Social & Governance - Social: CSR projects
Environment, Social & Governance - Social CSR projects continue with creative use of technology Emergency Medical Assistance at Mahakumbh Dharamshala Repair & Redevelopment (Govt. – Uttar Pradesh Hospital) - Rajasthan ▪ In the massive gathering of Mahakumbh 2025 where pilgrims ▪ IIFL Foundation addr
Slide 57: Environment, Social & Governance - 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 58: 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 FY25 (₹ Cr) Standalone Finance* Finance adjustments Consolidated Interest income 3,066.7 2,855.1 2,027.6 216.0 8,165.3 Interest expense (1,848.7) (1,512.5) (832.1) 23.7 (4,
Slide 59: 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 60: Thank you
Thank you Published in May 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 taxation