Iifl Finance Limited · NSE:IIFL
Iifl Finance — Q3 FY26 Earnings Presentation
53 slides from Iifl Finance's earnings presentation, Jan 22, 2026
Slide 1: Exchange cover letter on Q3 FY26 results
January 22, 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. Mum
Slide 2: IIFL Finance Q3FY26 Results update press release
Annexure 1 1 IIFL Finance Limited Press Release For immediate publication Mumbai, India Jan 22, 2026 IIFL Finance Q3FY26 Results update Strong rebound continues with PAT at Rs. 501 Cr, up 20% q-o-q. Significant improvement in asset quality from 2.14% to 1.60%, with exit from high- risk segments, foc
Slide 3: Business Segment Performance
Business Segment Performance • Home Loans: AUM grew 5% YoY to ₹31,893 Cr but de-grew 0.4% QoQ; business is steady and on track to deliver as per plan • Gold Loans: AUM surged 189% YoY and 26% QoQ to ₹43,432 Cr, demonstrating a strong momentum supported by healthy tonnage growth and stable asset qual
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 4,761 branches and a customer
Slide 5: Performance review Q3FY26
Annexure 2 Performance review Quarter ended Dec, 2025 Bloomberg: IIFL IN (Q3FY26) January 22, 2026
Slide 6: Contents
Key Highlights 3–6 IIFL Finance Consolidated – Q3FY26 update 7 – 13 IIFL Finance Standalone – Q3FY26 update 14 – 19 IIFL Home Finance – Q3FY26 update 20 – 25 IIFL Samasta Finance – Q3FY26 update 26 – 33 Corporate Information 34 – 49 2
Slide 7: Key Highlights
HIF L FINANCE N i 7 S — o S an > fa] ns
Slide 8: IIFL Finance: Consistent growth with focus on asset quality
IIFL Finance: Consistent growth with focus on asset quality ➢ Loan asset growth was robust 9.1% QoQ primarily driven by gold loans. ₹ Cr Q3FY26 Q-o-Q ➢ Asset Quality: All round improvement with GNPA and NNPA falling well below 2% and 1%, stage 2/3 trending down; Provision coverage at 92 % Loan AUM 9
Slide 9: IIFL Finance (Consolidated): Q3FY26 and 9MFY26 Results
IIFL Finance (Consolidated): Q3FY26 and 9MFY26 Results ₹ Cr Q3FY26 Q2FY26 Q-o-Q Q3FY25 Y-o-Y 9MFY26 9MFY25 Y-o-Y Interest income 2,535.6 2,447.0 4% 1,942.6 31% 7,247.8 5,963.6 22% Interest expense (1,437.0) (1,381.9) 4% (995.7) 44% (4,107.7) (3,000.2) 37% Net interest income 1,098.6 1,065.1 3% 947.0
Slide 10: Consolidated balance sheet as at December 31, 2025
Consolidated balance sheet as at December 31, 2025 ASSETS (₹ Cr) LIABILITIES AND EQUITY (₹ Cr) 1 Financial Assets 1 Financial Liabilities (a) Cash and Bank Balances 5,282 (a) Payables 258 (b) Receivables 96 (b) Borrowings (c) Loan Assets 64,345 - Debt Securities 20,235 - Borrowings (Other than Debt
Slide 11: IIFL Finance (Consolidated)
IIFL FINANCE (CONSOLIDATED)
Slide 12: IIFL Finance (Consolidated): Ten-year trends
IIFL Finance (Consolidated): Ten-year trends AUM (₹ ‘000 Cr) Income (₹ Cr) PAT (₹ Cr) 6,486 98.3 5,536 5,536 1,974 5,064 79.0 78.3 1,608 3,877 64.6 3,191 1,188 1,193 51.2 31.2 34.9 38.0 44.7 1,871 2,568 2,459 712 503 761 578 16.2 19.5 22.3 1,1231,379 301 339 423 465 1,026 Asset quality Return on ass
Slide 13: Consistent loan asset growth, mix dominated by gold and mortgages
Consistent loan asset growth, mix dominated by gold and mortgages Home Loan 27,438 31,588 31,893 17,727 21,800 14,439 Loan AUM (₹ Cr) Q3FY26 Q2FY26 QoQ % Q3FY25 YoY % Home Loan 31,893 32,034 0% 30,318 5% FY21 FY22 FY23 FY24 FY25 9MFY26 Gold Loan 43,432 34,577 26% 15,044 189% Gold Loan 43,432 MSME lo
Slide 14: Overall yield maintained ~16%, Cost of borrowing down QoQ
Overall yield maintained ~16%, Cost of borrowing down QoQ Home Loan 10.9% 11.0% 11.0% 10.6% 10.3% 10.0% Yield % Q3FY26 Q2FY26 QoQ % Q3FY25 YoY % Home Loan 10.61% 10.75% (0.14%) 11.03% (0.42%) FY21 FY22 FY23 FY24 FY25 9MFY26 Gold Loan 18.26% 18.56% (0.30%) 17.59% 0.67% MSME loan 16.14% 16.38% (0.24%)
Slide 15: Significant improvement in asset quality, with exit from high-risk segments
Significant improvement in asset quality, with exit from high- risk segments, focusing on gold and mortgages GNPA % Q3FY26 Q2FY26 QoQ Q3FY25 YoY Home Loan 0.51% 1.40% (0.89%) 1.29% (0.78%) Gold Loan 0.36% 0.12% 0.25% 0.66% (0.29%) GNPA% NNPA% MSME Loan 4.92% 5.93% (1.01%) 3.99% 0.93% a) MSME Secured
Slide 16: Keeping loan losses provisions, well above RBI requirement
Keeping loan losses provisions, 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 93.2% 2.9% 3.4% 0.5% 19,941 0.3% 3.0% 35.3% 82 122 Gold Loan 96.5% 1.6% 1.6% 0.4% 2
Slide 17: Strong liquidity, cushion across liability life cycle, diversifying funding sources
Strong liquidity, cushion across liability life cycle, diversifying funding sources Diversified Borrowing Mix (Outstanding On-Book exposure) 33,393 35,586 38,691 45,993 50,931 60,640 17% 7% 25% 10% 15% 18% 18% 11% 8% 4% 9% 3% 38% 25% 38% 43% 31% 44% 45% 51% 35% 35% 41% 28% FY21 FY22 FY23 FY24 FY25 9
Slide 18: IIFL Finance (Standalone)
IIFL FINANCE IIFL FINANCE (STANDALONE)
Slide 19: IIFL Finance (Standalone): Q3FY26 and 9MFY26 Results
IIFL Finance (Standalone): Q3FY26 and 9MFY26 Results ₹ Cr Q3FY26 Q2FY26 Q-o-Q Q3FY25 Y-o-Y 9MFY26 9MFY25 Y-o-Y Interest income 1,390.5 1,256.6 11% 742.6 87% 3,726.5 2,085.4 79% Interest expense (828.6) (758.4) 9% (432.5) 92% (2,288.4) (1,257.1) 82% Net interest income 561.9 498.2 13% 310.0 81% 1,438
Slide 20: IIFL Finance (Standalone): Key highlights
IIFL Finance (Standalone): Key highlights AUM (₹ Cr) Profit after tax2 (₹ Cr) Return on assets/equity Return on Assets Return on Equity 49,027 745 806 3.3% 585 3.5% 29,250 2.2% 25,573 27,508 645 343 1.5% 18.5% 2.3% 12.7% 19,199 21,109 17.6% 8.8% 11.1% (1.4%) FY21 FY22 FY23 FY24 FY25 9MFY26 (6.9%) (4
Slide 21: IIFL Finance (Standalone): Key business units
IIFL Finance (Standalone): Key business units ATS Loan AUM (₹ Cr) FY21 FY22 FY23 FY24 FY25 Q3FY25 Q2FY26 Q3FY26 Q0Q % YoY % Yield (₹ lakhs) Gold loan 13,149 16,228 20,733 23,354 21,022 15,044 34,577 43,432 26% 189% 18.26% 0.82 MSME loan 1,662 1,016 1,524 3,653 5,479 5,355 4,983 4,826 (3%) (10%) 18.5
Slide 22: IIFL Finance (Standalone): Business update
IIFL Finance (Standalone): Business update AUM mix Interest Spread Average ticket size1 (₹ lakhs) 3% 3% 2% 1% 2% 1% 7% 4% 1% 0% 18% 11% 3% 1% 0% 19.3% 4% 4% 10% 17.5% 17.8% 18.1% 18.2% 2% 20% 16.4% 1.13 0.92 0.95 0.98 0.94 0.89 89% 8.6% 8.7% 10.1% 8.9% 77% 81% 80% 76% 7.6% 8.2% 68% 8.9% 8.8% 9.1% 9.
Slide 23: IIFL Finance (Standalone): Funding mix
IIFL Finance (Standalone): Funding mix Borrowing (₹ Cr) Borrowing mix Average Cost of borrowing Rating: AA/Stable by CRISIL, & India Ratings, AA/ 33,958 23% 18% 23% 25% 27% Negative by ICRA, AA+/ Stable by Brickwork, 28,558 30,346 4% 3% 6% 2% 2% B+/Positive by S&P Global and Fitch 24,349 19,590 28%
Slide 24: IIFL Home Finance
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Slide 25: IIFL Home Finance: Q3FY26 and 9MFY26 Results
IIFL Home Finance: Q3FY26 and 9MFY26 Results ₹ Cr Q3FY26 Q2FY26 Q-o-Q Q3FY25 Y-o-Y 9MFY26 9MFY25 Y-o-Y Interest income 717.8 745.6 (4%) 696.9 3% 2,193.6 2,122.4 3% Interest expense (428.5) (436.5) (2%) (377.6) 13% (1,284.2) (1,108.1) 16% Net interest income 289.3 309.2 (6%) 319.3 (9%) 909.4 1,014.3
Slide 26: 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 39,628 24.9% 35,499 39,732 768 20.3% 28,512 593 586 17.6% 16.9% 14.0% 20,694 23,617 401 10.1% 3.6% 3.9% 4.4% 2.7% 3.8% 2.7% FY21 FY22 FY23 FY24 FY25 9MFY26 FY21 FY
Slide 27: IIFL Home Finance: Key business units
IIFL Home Finance: Key business units ATS Loan AUM (₹ Cr) FY21 FY22 FY23 FY24 FY25 Q3FY25 Q2FY26 Q3FY26 Q0Q % YoY % Yield1 (₹ lakhs) Affordable home loan 14,439 17,727 21,800 27,438 31,588 30,318 32,034 31,893 (0%) 5% 10.61% 16.50 MSME secured loan 5,381 5,346 5,905 7,250 7,464 7,332 7,203 6,942 (4%
Slide 28: 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% 11.7% 26% 23% 21% 20% 11.5% 11.1% 8.3% 8.3% 8.5% 8.2% 20.36 20.48 7.9% 7.8% 16.50 15.60 14.26 14.89 75% 76% 77% 80% 80% 3.5% 4.1% 4.4% 3.9% 3.5% 70% 3.3% FY21 FY22 FY
Slide 29: IIFL Home Finance: Funding mix
IIFL Home Finance: Funding mix Borrowing (₹ Cr) Borrowing mix Average Cost of borrowing 7% 6% 7% 5% 4% Rating: AA/Stable by CRISIL, & India Rating, AA/ 28% 26% 25% Negative by ICRA , AA+/Stable by Brickwork 29% 28% 19,960 20% 20% 19,531 19,660 24% 23% 21% 8.5% 8.5% 19,126 8.5% 18,851 43% 44% 49% 51%
Slide 30: IIFL Samasta Finance
IIFL FINANCE IIFL SAMASTA FINANCE
Slide 31: IIFL Samasta Finance: Q3FY26 and 9MFY26 Results
IIFL Samasta Finance: Q3FY26 and 9MFY26 Results ₹ Cr Q3FY26 Q2FY26 Q-o-Q Q3FY25 Y-o-Y 9MFY26 9MFY25 Y-o-Y Interest income 402.6 404.9 (1%) 470.7 (14%) 1,231.1 1,598.2 (23%) Interest expense (192.6) (192.7) 0% (197.6) (3%) (571.0) (649.1) (12%) Net interest income 210.0 212.1 (1%) 273.1 (23%) 660.1 9
Slide 32: 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 9681 31.5% 6484 128 11.8% 11.4% 4796 66 51 6.3% 1.1% 20 1.9% 0.9% 1.7% 5.0% (2.8%) 0.2% (39) (0.6%) FY21 FY22 FY23 FY24 FY25 9MFY26 FY21 FY22 FY23 F
Slide 33: IIFL Samasta Finance: Key business units
IIFL Samasta Finance: Key business units 1 ATS1 Loan AUM (₹ Cr) FY21 FY22 FY23 FY24 FY25 Q3FY25 Q2FY26 Q3FY26 Q0Q % YoY % Yield (₹ lakhs) Microfinance 4,440 5,821 9,072 11,891 8,758 9167 7473 7,583 1% (17%) 24.25% 0.55 MSME Secured 58 329 767 1,118 1,242 1217 1287 1,321 3% 9% 22.51% 4.77 Dairy cattl
Slide 34: IIFL Samasta Finance: Business update
IIFL Samasta Finance: Business update AUM mix Interest Spread1 Average ticket size1 (₹ lakhs) 4% 2% 3% 3% 5% 3% 4% 14% 23.8% 24.4% 24.1% 24.1% 2% 5% 5% 22.4% 21.9% 1% 5% 7% 8% 4% 0.63 11% 4% 0.54 12.7% 13.7% 14.2% 13.9% 14.2% 0.48 12.3% 0.44 93% 90% 86% 84% 0.39 79% 78% 0.33 9.8% 9.6% 10.1% 10.3% 10
Slide 35: IIFL Samasta Finance: Funding mix
IIFL Samasta Finance: Funding mix Borrowing (₹ Cr) Borrowing mix Average Cost of borrowing 6% 14% 15% 15% 15% Rating: AA-/Stable by CRISIL & India Rating AA- 7,051 7,064 8% /Stable by ACUITE 7,022 23% 7% 6% 4% 3% 23% 27% 36% 6,852 37% 6,692 10.4% 10.4% 63% 10.3% 57% 52% 46% 44% 10.2% 10.1% Q3 FY25 Q
Slide 36: Microfinance | Successfully Navigating Industry Stress
Microfinance | Successfully Navigating Industry Stress Focused recovery in Samasta collection stressed MFI regions; Dedicated collection CGFMU cover now ~65% efficiency improving, capped exposure ≤3 team strengthened of MFI book outperforming industry lenders MFI zero bucket collection efficiencies
Slide 37: Microfinance | Structural improvement with reduced lender exposure
Microfinance | Structural improvement with reduced lender exposure and improvement in collection across states Lender exposure (Samasta + 3 or more lenders) 0-dpd Collection efficiency % 99.7% 99.8% 28.9% 99.7% 26.1% 19.1% 20.2% 99.6% 99.6% 99.6% 99.5% 13.5% 14.7% 13.1% 8.7% 9.9% 99.4% 0.0% 0.0% 0.0
Slide 38: Corporate Information
IIFL FINANCE | way, CORPORATE INFORMATION
Slide 39: IIFL Finance is 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 9MFY26 9MFY26 9MFY26 Performance: Performance: Performan
Slide 40: Serving Bharat: Productive Lending to Low-Income & Underserved Segments
Serving Bharat: Productive Lending to Low-Income & Underserved Segments 95% 87% 84% loans are for productive purposes customers are from economically weaker branches in non-metro areas to section cater to the underserved 50% 49% 41% 31% 25% 29% 13% 16% 14% 8% 6% 9% 3% 1% 1% 3% 1% 0% 0 to 1 1 to 2 2
Slide 41: 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 42: 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 4761 branches credit demand ensures deep market penetration • 80%+ of MSMEs remain outside form
Slide 43: 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) Internal Audit reporting directly to the Board Independent Board Committees for Audit, Risk, Automa
Slide 44: Distinguished board of directors in the company & its subsidiaries
Distinguished board of directors in the company & its subsidiaries Govinda Rajulu Gopalakrishnan B. P. Kanungo Srinivasan Sridhar Chintala Soundarajan Chairperson & Chairman & Non- Chairman & Non-Executive Director Independent Director Executive Director Independent Director Fairfax Nominee Former D
Slide 45: Since inception, marquee global investors have reposed faith in our business
Since inception, marquee global investors have reposed faith in our business & management Shareholding Pattern % holding Promoters 24.9 Institutional Investors 52.1 (Formerly CDC Group) Fairfax 15.2 2010 2016 Capital Group 7.9 Bank Muscat India Fund 3.3 Theleme 2.5 Vanguard 2.2 2007 2011 2022 HSBC M
Slide 46: 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 47: 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 48: 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 ▪ 85.94% of the Unsecured MSME digital ▪ 76% of the branches are located in loans given are of less
Slide 49: Environment, Social & Governance - Social
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 50: 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 51: 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 Q3FY26 (₹ Cr) Standalone Finance* Finance adjustments Consolidated Interest income 1,390.5 717.8 402.6 24.7 2,535.6 Interest expense (828.6) (428.5) (192.6) 12.6 (1,437.0)
Slide 52: 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 48
Slide 53: Thank you
Thank you Published in Jan 2026 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