Iifl Finance Limited · NSE:IIFL
Iifl Finance — Q3 FY2025 Earnings Presentation
49 slides from Iifl Finance's earnings presentation, Feb 12, 2025
Slide 1: Exchange filing cover letter: Press Release and Presentation on Q3 results
February 12, 2025 The Manager, The Manager, Listing Department, Listing Department, BSE Limited, The National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot C/1, G Block, Dalal Street, Bandra - Kurla Complex, Bandra (E), Mumbai 400 001. Mumbai 400 051. BSE S
Slide 2: Press Release: Q3FY25 profit after tax down 85% y-o-y
Annexure 1 IIFL Finance Limited Press Release For immediate publication Mumbai, India February 12, 2025 IIFL Finance Q3FY25 Results update IIFL Finance Q3FY25 profit after tax at Rs. 82Cr, down 85% y-o-y. For the quarter ended December 31, 2024, the Company reported profit after tax of Rs. 82 Cr (be
Slide 3: Management commentary and financial performance review
Mr. Nirmal Jain, Managing Director, IIFL Finance Ltd., commented on the results: “This quarter has been challenging, with asset quality stress in microfinance, unsecured lending, and small-ticket LAP reflecting broader macroeconomic trends. Our gold loan portfolio yield remains under pressure as we
Slide 4: Business segment review
Business segment review Home Loans: At the end of the quarter, retail home loan assets grew by 19% y-o-y and 4% q-o-q to Rs 30,318 Cr. The primary focus in this segment is on affordable and non-metro housing loans. We operate out of 384 dedicated home loan branches PAN India. IIFL Home finance is al
Slide 5: About IIFL
About IIFL IIFL Group is one of the leading players in the Indian financial services space. Prior to the Composite Scheme of Arrangement (effective May 2019), IIFL Finance Limited (Erstwhile “IIFL Holdings Limited”) (Bloomberg Code: IIFL IN, NSE: IIFL, BSE: IIFL) was engaged in the business of finan
Slide 6: Performance review Q3FY25
Annexure 2 Performance review Quarter ended Dec, 2024 Bloomberg: IIFL IN (Q3FY25) February 12, 2025
Slide 7: IIFL Finance Consolidated – Q3FY25 update IIFL Finance Standalone – Q3FY25 update IIFL Home
IIFL Finance Consolidated – Q3FY25 update 3 – 15 IIFL Finance Standalone – Q3FY25 update 16 – 21 IIFL Home Finance – Q3FY25 update 22 – 27 IIFL Samasta Finance – Q3FY25 update 28 – 33 Corporate Information 34 – 44 2
Slide 8: IIFL Finance (Consolidated)
IIFL FINANCE (CONSOLIDATED)
Slide 9: IIFL Finance (Consolidated): Q3FY25 and 9MFY25 Results snapshot
IIFL Finance (Consolidated): Q3FY25 and 9MFY25 Results snapshot ₹ Cr Q3FY25 Q2FY25 Q-o-Q Q3FY24 Y-o-Y 9MFY25 9MFY24 Y-o-Y Loan AUM 71,410 66,964 7% 77,444 (8%) 71,410 77,444 (8%) PPOP1 534.3 747.5 (29%) 963.8 (45%) 1,921.5 2,677.9 (28%) PBT (before exceptional items) 101.0 446.8 (77%) 716.3 (86%) 98
Slide 10: IIFL Finance (Consolidated): Q3FY25 and 9MFY25 Results
IIFL Finance (Consolidated): Q3FY25 and 9MFY25 Results ₹ Cr Q3FY25 Q2FY25 Q-o-Q Q3FY24 Y-o-Y 9MFY25 9MFY24 Y-o-Y Interest income 1,942.7 1,974.4 (2%) 2,083.1 (7%) 5,963.6 5,841.2 2% Interest expense (995.7) (962.9) 3% (985.0) 1% (3,000.2) (2,805.0) 7% Net interest income 947.0 1,011.5 (6%) 1,098.1 (
Slide 11: IIFL Finance (Consolidated): Income Analysis
IIFL Finance (Consolidated): Income Analysis ₹ Cr Q3FY25 Q2FY25 Q-o-Q Q3FY24 Y-o-Y 9MFY25 9MFY24 Y-o-Y Loan Book (Ind AS Balance sheet) 49,702 44,527 12% 47,210 5% 49,702 47,210 5% Assigned assets 12,472 13,948 (11%) 18,648 (33%) 12,472 18,648 (33%) Co-lending book 9,236 8,489 9% 11,586 (20%) 9,236
Slide 12: Consolidated balance sheet as at December 31, 2024
Consolidated balance sheet as at December 31, 2024 ASSETS (₹ Cr) LIABILITIES AND EQUITY (₹ Cr) 1 Financial Assets 1 Financial Liabilities (a) Cash and Bank Balances 4,224 (a) Payables 210 (b) Receivables 116 (b) Borrowings (c) Loan Assets 49,732 - Debt Securities 11,754 - Borrowings (Other than Debt
Slide 13: IIFL Finance (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 71,410 64,638 1,974 20.6% 19.9% 18.4% 51,210 1,608 15.3% 37,951 44,688 1,188 11.3% 3.4% 761 3.3% 503 327 2.7% 2.0% 1.5% 2.0% 0.8% FY20 FY21 FY22 FY23 FY24
Slide 14: IIFL Finance (Consolidated): Funding mix
IIFL Finance (Consolidated): Funding mix Borrowing (₹ Cr) Borrowing mix Cost of borrowing 5% 8% 4% 6% 17% 14% 18% 17% 16% 45,993 16% 45,132 24% 25% 25% 23% 9.2% 42,210 25% 9.2% 41,416 39,137 9.1% 9.1% 9.1% 53% 52% 55% 52% 45% Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3
Slide 15: 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 67,724 17,964 16,705 50,721 67,724 15,981 44,455 14,897 Interest 13,765 46,581 Free Cash + 12,931 11,658 36,159 undrawn lines =
Slide 16: Strategic shift 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) FY20 FY21 FY22 FY23 FY24 Q3FY24 Q2FY25 Q3FY25 Q0Q % YoY % Yield FY20 Q3FY25 Home Loan 12,443 14,439 17,727 21,800 27,438 25,519 29,116 30,318 4% 1
Slide 17: NPAs impacted by macro trends in microfinance, unsecured lending and small-ticket LAP (1/2)
NPAs impacted by macro trends in microfinance, unsecured lending and small-ticket LAP (1/2) GNPA % Q3FY25 Q2FY25 QoQ Q3FY24 YoY Home Loan 1.29% 1.25% 0.04% 1.60% (0.31%) MSME Loan 3.99% 3.10% 0.89% 2.30% 1.69% GNPA% NNPA% a) MSME Secured (sourced by) 4.05% 3.52% 0.52% 2.65% 1.39% - IIFL Finance 2.10
Slide 18: NPAs impacted by macro trends in microfinance, unsecured lending and small-ticket LAP (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 90.1% 3.4% 5.3% 1.3% 18,827 0.5% 11.8% 33.4% 116 2
Slide 19: 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 (Listed) 80% 99.6% IIFL Home IIFL Finance IIFL Samasta Finance Standalone Finance Business: Business: Business: Home loans, Home Gold loans, Unsecured Microfinance, Equity (Secured MSME loans, Home
Slide 20: 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 Q3FY25 (₹ Cr) Standalone Finance* Finance adjustments Consolidated Interest income 742.6 696.9 470.7 32.5 1,942.7 Interest expense (432.5) (377.6) (197.6) 12.1 (995.7) Net
Slide 21: IIFL Finance (Standalone)
IIFL FINANCE IIFL FINANCE (STANDALONE)
Slide 22: IIFL Finance (Standalone): Q3FY25 and 9MFY25 Results
IIFL Finance (Standalone): Q3FY25 and 9MFY25 Results ₹ Cr Q3FY25 Q2FY25 Q-o-Q Q3FY24 Y-o-Y 9MFY25 9MFY24 Y-o-Y Interest income 742.6 672.2 10% 788.5 (6%) 2,085.4 2,223.3 (6%) Interest expense (432.5) (387.1) 12% (434.1) (0%) (1,257.1) (1,229.4) 2% Net interest income 310.0 285.1 9% 354.4 (13%) 828.4
Slide 23: 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 29,250 745 806 25,573 21,109 21,467 585 19,199 343 3.3% 3.5% 2.3% 16,057 149 1.5% 0.8% 11.1% 8.8% 18.5% 17.6% (2.3%) 4.1% (10.0%) (448) FY20 FY21 FY22 FY23 FY24 9MF
Slide 24: IIFL Finance (Standalone): Key business units
IIFL Finance (Standalone): Key business units ATS Loan AUM (₹ Cr) FY20 FY21 FY22 FY23 FY24 Q3FY24 Q2FY25 Q3FY25 Q0Q % YoY % Yield (₹ lakhs) Gold loan 9,125 13,149 16,228 20,733 23,354 24,692 10,797 15,044 39% (39%) 17.59% 0.80 MSME loan 2,416 1,662 1,016 1,524 3,653 2,988 5,088 5,355 4% 32% 19.40% 8
Slide 25: IIFL Finance (Standalone): Business update
IIFL Finance (Standalone): Business update AUM mix Spread Average ticket size1 (₹ lakhs) 3% 3% 3% 2% 1% 3% 11% 7% 4% 1% 2% 22% 18% 3% 20.1% 19.7% 19.1% 19.2% 2% 4% 4% 18.7% 18.4% 1.13 3% 12% 25% 1.08 0.89 0.92 0.95 0.98 10.5% 9.4% 10.6% 9.4% 10.0% 10.1% 68% 77% 81% 80% 70% 57% 9.6% 9.3% 9.1% 9.0% 9.
Slide 26: IIFL Finance (Standalone): Funding mix
IIFL Finance (Standalone): Funding mix Borrowing (₹ Cr) Borrowing mix Cost of borrowing 11% 15% 4% 8% Rating: AA/Stable by CRISIL, ICRA & India Rating, 9% 8% 23% 10% 8% AA+/ Stable by Brickwork 19,609 30% 6% 17,694 19,590 25% 25% 31% 16,233 14,928 28% 9.4% 9.4% 58% 9.2% 9.2% 54% 51% 53% 44% 9.1% Q3
Slide 27: IIFL Home Finance
IIFL FINANCE = 5) Z Z Fa = = je) co | =
Slide 28: IIFL Home Finance: Q3FY25 and 9MFY25 Results
IIFL Home Finance: Q3FY25 and 9MFY25 Results ₹ Cr Q3FY25 Q2FY25 Q-o-Q Q3FY24 Y-o-Y 9MFY25 9MFY24 Y-o-Y Interest income 696.9 699.9 0% 669.7 4% 2,122.4 1,920.6 11% Interest expense (377.6) (360.2) 5% (327.3) 15% (1,108.1) (969.1) 14% Net interest income 319.3 339.7 (6%) 342.5 (7%) 1,014.3 951.4 7% In
Slide 29: 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 24.9% 38,387 768 754 20.3% 35,499 17.6% 16.9% 14.7% 28,512 593 13.8% 23,617 18,495 20,694 401 245 3.6% 3.9% 4.4% 4.0% 1.8% 2.7% FY20 FY21 FY22 FY23 FY24 9MFY25 FY20 FY
Slide 30: IIFL Home Finance: Key business units
IIFL Home Finance: Key business units ATS Loan AUM (₹ Cr) FY20 FY21 FY22 FY23 FY24 Q3FY24 Q2FY25 Q3FY25 Q0Q % YoY % Yield1 (₹ lakhs) Affordable home loan 12,443 14,439 17,727 21,800 27,438 25,519 29,116 30,318 4% 19% 11.03% 15.22 MSME Secured 4,882 5,381 5,346 5,905 7,250 6,655 7,194 7,332 2% 10% 18
Slide 31: IIFL Home Finance: Business update
IIFL Home Finance: Business update AUM mix Spread Average ticket size1 (₹ lakhs) 6% 4% 2% 3% 2% 2% 20% 19% 11.6% 11.6% 11.8% 12.5% 12.5% 26% 23% 21% 11.2% 24.39 26% 9.1% 8.3% 8.4% 20.36 20.48 8.4% 7.9% 8.0% 15.60 14.61 4.2% 4.2% 14.26 67% 70% 75% 76% 77% 79% 3.2% 3.3% 3.8% 2.5% FY20 FY21 FY22 FY23 F
Slide 32: IIFL Home Finance: Funding mix
IIFL Home Finance: Funding mix Borrowing (₹ Cr) Borrowing mix Cost of borrowing 1% 3% 5% 5% 7% Rating: AA/Stable by CRISIL, ICRA, & India Rating, 27% 27% 28% 27% AA+/Stable by Brickwork 29% 18,851 26% 24% 23% 24% 17,481 24% 17,054 16,724 8.40% 16,238 8.30% 8.30% 8.30% 46% 46% 44% 44% 40% 8.20% Q3 FY
Slide 33: IIFL Samasta Finance
IIFL FINANCE IIFL SAMASTA FINANCE
Slide 34: IIFL Samasta Finance: Q3FY25 and 9MFY25 Results
IIFL Samasta Finance: Q3FY25 and 9MFY25 Results ₹ Cr Q3FY25 Q2FY25 Q-o-Q Q3FY24 Y-o-Y 9MFY25 9MFY24 Y-o-Y Interest income 470.7 543.3 (13%) 564.7 (17%) 1,598.3 1,599.2 (0%) Interest expense (197.6) (216.6) (9%) (226.5) (13%) (649.1) (639.2) 2% Net interest income 273.1 326.8 (16%) 338.3 (19%) 949.2
Slide 35: 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 11,556 503 10,552 29.4% 31.5% 6,484 4,796 3,400 107 128 11.8% 11.4% 5.0% 4.8% 6.3% 66 51 1.2% 17 1.9% 0.9% 1.7% 0.2% FY20 FY21 FY22 FY23 FY24 9MFY25 FY20 FY21 FY22
Slide 36: IIFL Samasta Finance: Key business units
IIFL Samasta Finance: Key business units 1 ATS1 Loan AUM (₹ Cr) FY20 FY21 FY22 FY23 FY24 Q3Y24 Q2FY25 Q3FY25 Q0Q % YoY % Yield (₹ lakhs) Microfinance 3,289 4,440 5,821 9,072 11,891 11,032 10,102 9,167 (9%) (17%) 24.38% 0.46 MSME Secured 21 58 329 767 1,118 987 1,187 1,217 3% 23% 22.67% 4.58 Dairy ca
Slide 37: IIFL Samasta Finance: Business update
IIFL Samasta Finance: Business update AUM mix Spread1 Average ticket size1 (₹ lakhs) 0% 4% 2% 3% 3% 4% 2% 3% 4% 23.8% 24.4% 24.3% 2% 5% 6% 22.6% 22.4% 21.9% 0.52 1% 1% 5% 7% 8% 0.48 11% 0.44 13.8% 13.8% 13.8% 0.39 97% 11.9% 12.0% 11.9% 0.33 93% 90% 86% 84% 0.28 79% 10.7% 10.4% 10.0% 10.0% 10.6% 10.5
Slide 38: IIFL Samasta Finance: Funding mix
IIFL Samasta Finance: Funding mix Borrowing (₹ Cr) Borrowing mix Cost of borrowing 8,903 3% 3% 4% 5% 6% Rating: AA-/Stable by CRISIL & India Rating AA/- 8,277 8,130 16% 16% 9% 8% 8% by ACUITE 7,485 17% 19% 23% 6,692 17% 17% 10.60% 10.60% 64% 65% 71% 67% 63% 10.50% 10.50% 10.42% Q3 FY24 Q4 FY24 Q1 FY
Slide 39: Corporate Information
IIFL FINANCE | way, CORPORATE INFORMATION
Slide 40: Uniquely placed to dominate non banking retail lending
Uniquely placed to dominate non banking retail lending Retail Lending Strong collateral or cash flow backed loans, in segments with robust growth potential Phygital Partnerships Physical Digital Banks Fintechs Network of 4,858 Innovative digital Unique capability to Harnessing fintech branches help
Slide 41: 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 42: 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 46.9 (Formerly CDC Group) Fairfax 15.2 2010 2016 Capital Group 6.2 RIMCO 3.3 Vanguard 3.0 Theleme 2.1 2007 2011 2022 Ward Ferry 2.0 Abakkus
Slide 43: 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 44: 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 45: 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 ▪ 7.48% of the Unsecured MSME digital ▪ 75% of the branches are located in loans given are of less
Slide 46: Environment, Social & Governance - Social
Environment, Social & Governance - Social CSR projects continue with creative use of technology Smart Shaala – Rajasthan (3 Districts) Supporting Education of children and Youths - Maharashtra ▪ IIFL Foundation, has implemented the biggest TV based learning ▪ A programme to train students/youths for
Slide 47: 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 48: 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 43
Slide 49: Thank you
Thank you Published in February 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 tax