Iifl Finance Limited · NSE:IIFL
Iifl Finance — Q2 FY2026 Earnings Presentation
53 slides from Iifl Finance's earnings presentation, Oct 30, 2025
Slide 1: Cover letter to stock exchanges
October 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. Mum
Slide 2: Press Release: Q2FY26 Results update
Annexure 1 IIFL Finance Limited Press Release For immediate publication Mumbai, India Oct 30, 2025 IIFL Finance Q2FY26 Results update Strong rebound continues with PAT at Rs. 418 Cr, up 52% q-o-q; Gold loans growth momentum strong, closing at Rs. 34,577 Cr recording y-o-y growth of 220% For the quar
Slide 3: Business Segment Performance
Business Segment Performance Home Loans: AUM grew 10% YoY to ₹32,034 Cr but was flat QoQ; business is steady and on track to deliver as per plan Gold Loans: AUM surged 220% YoY and 27% QoQ to ₹34,577 Cr, demonstrating a strong momentum supported by healthy tonnage growth and stable asset quality
Slide 4: Quarter ended Sep 30, 2025 results table
Quarter ended Quarter ended Quarter ended Rs Crore Y-o-Y Q-o-Q Sep 30, 2025 Sep 30, 2024 Jun 30, 2025 Loan AUM 90,122 66,964 35% 83,889 7% Pre-provision operating 1,032.5 747.5 38% 836.1 23% profit* Profit before tax (pre- 556.7 446.8 25% 356.3 56% exceptional items) Profit after tax (pre-NCI1) 417.
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 4,780 branches and a customer
Slide 6: Performance review Q2FY26
Annexure 2 Performance review Quarter ended Sept, 2025 Bloomberg: IIFL IN (Q2FY26) October 30, 2025
Slide 7: Key Highlights
Key Highlights 3 – 14 IIFL Finance Standalone – Q2FY26 update 15 – 20 IIFL Home Finance – Q2FY26 update 21 – 26 IIFL Samasta Finance – Q2FY26 update 27 – 32 Corporate Information 33 – 48 2
Slide 8: Key Highlights
HIF L FINANCE KEY HIGHLIGHTS
Slide 9: IIFL Finance: Quarter of Gathering Momentum (Q2 FY26)
IIFL Finance: Quarter of Gathering Momentum (Q2 FY26) Gold Loans: Fully normalized post-embargo (Sep 2024); AUM at record ₹ Cr Q2FY26 Q-o-Q high, yields rising, > 98 % customer retention Loan AUM 90,122 7.4% Asset Quality: Stage 2/3 trending down; PCR 93 % Gross NPA % 2.1% (21 bps) Portfolio R
Slide 10: IIFL Finance (Consolidated): Q2FY26 and H1FY26 Results snapshot
IIFL Finance (Consolidated): Q2FY26 and H1FY26 Results snapshot ₹ Cr Q2FY26 Q1FY26 Q-o-Q Q2FY25 Y-o-Y H1FY26 H1FY25 Y-o-Y Loan AUM 90,122 83,889 7% 66,964 35% 90,122 66,964 35% IIFL Finance Standalone 40,450 33,605 20% 17,382 133% 40,450 17,382 133% IIFL Home Finance 40,023 40,111 (0%) 37,098 8% 40,
Slide 11: IIFL Finance (Consolidated): Q2FY26 and H1FY26 Results
IIFL Finance (Consolidated): Q2FY26 and H1FY26 Results ₹ Cr Q2FY26 Q1FY26 Q-o-Q Q2FY25 Y-o-Y H1FY26 H1FY25 Y-o-Y Interest income 2,447.0 2,265.2 8% 1,974.4 24% 4,712.2 4,021.0 17% Interest expense (1,381.9) (1,288.8) 7% (962.9) 44% (2,670.7) (2,004.5) 33% Net interest income 1,065.1 976.5 9% 1,011.5
Slide 12: IIFL Finance (Consolidated): Income Analysis
IIFL Finance (Consolidated): Income Analysis ₹ Cr Q2FY26 Q1FY26 Q-o-Q Q2FY25 Y-o-Y H1FY26 H1FY25 Y-o-Y Loan Book (Ind AS Balance sheet) 59,668 57,263 4% 44,527 34% 59,668 44,527 34% Assigned assets 18,607 15,061 24% 13,948 33% 18,607 13,948 33% Co-lending book 11,848 11,565 2% 8,489 40% 11,848 8,489
Slide 13: Consolidated balance sheet as at September 30, 2025
Consolidated balance sheet as at September 30, 2025 ASSETS (₹ Cr) LIABILITIES AND EQUITY (₹ Cr) 1 Financial Assets 1 Financial Liabilities (a) Cash and Bank Balances 5,594 (a) Payables 265 (b) Receivables 92 (b) Borrowings (c) Loan Assets 60,151 - Debt Securities 19,655 - Borrowings (Other than Debt
Slide 14: IIFL Finance (Consolidated): Key highlights
IIFL Finance (Consolidated): Key highlights AUM (₹ Cr) Profit after tax2 (₹ Cr) 90,122 78,960 78,341 64,638 1,974 51,210 1,608 44,688 1,188 31,228 34,904 37,951 761 692 16,176 19,514 22,281 301 339 423 465 712 503 578 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 H1FY26 FY15 FY16 FY17 FY18
Slide 15: IIFL Finance (Consolidated): Funding mix
IIFL Finance (Consolidated): Funding mix Borrowing (₹ Cr) Borrowing mix Average Cost of borrowing 6% 14% 13% 16% 17% 16% 13% 57,371 16% 12% 11% 50,931 54,536 45,132 25% 9.4% 9.5% 9.4% 39,137 25% 33% 32% 32% 9.2% 9.2% 52% 45% 41% 40% 40% Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q3 FY25 Q4 FY25
Slide 16: 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 80,358 24,516 25,800 23,694 65,130 80,358 22,251 57,428 19,027 Free Cash + 18,030 Interest 59,663 16,490 undrawn lines = 12,876
Slide 17: 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 Q2FY26 Q2FY26 Q1FY26 Q2FY25 Q0Q % YoY % Yield FY21 Q2FY26 Home Loan 14,439 32,034 32% 36% 32,034 32,017 29,116 0% 10% 10.75% Gold Loan 13,149
Slide 18: NPAs impacted by macro trends in microfinance, unsecured lending and small-ticket LAP
NPAs impacted by macro trends in microfinance, unsecured lending and small-ticket LAP GNPA % Q2FY26 Q1FY26 QoQ Q2FY25 YoY Home Loan 1.40% 1.74% (0.34%) 1.25% 0.15% Gold Loan 0.12% 0.18% (0.07%) 2.40% (2.28%) GNPA% NNPA% MSME Loan 5.93% 5.42% 0.52% 3.10% 2.84% a) MSME Secured 5.25% 4.77% 0.48% 3.52%
Slide 19: 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 90.4% 3.2% 4.9% 1.4% 20,309 0.4% 6.6% 33.6% 114 229 Gold Loan 95.7% 2.3% 1.9% 0.1% 21,171 0.6% 1.
Slide 20: IIFL Finance (Standalone)
IIFL FINANCE IIFL FINANCE (STANDALONE)
Slide 21: IIFL Finance (Standalone): Q2FY26 and H1FY26 Results
IIFL Finance (Standalone): Q2FY26 and H1FY26 Results ₹ Cr Q2FY26 Q1FY26 Q-o-Q Q2FY25 Y-o-Y H1FY26 H1FY25 Y-o-Y Interest income 1,256.6 1,079.4 16% 672.2 87% 2,336.0 1,342.9 74% Interest expense (758.4) (701.4) 8% (387.1) 96% (1,459.8) (824.5) 77% Net interest income 498.2 378.0 32% 285.1 75% 876.2 5
Slide 22: 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 40,450 745 806 3.3% 585 3.5% 29,250 1.9% 25,573 27,508 18.5% 19,199 21,109 343 1.5% 17.6% 2.3% 10.4% 343 8.8% 11.1% (1.4%) FY21 FY22 FY23 FY24 FY25 H1FY26 (6.9%) (4
Slide 23: IIFL Finance (Standalone): Key business units
IIFL Finance (Standalone): Key business units ATS Loan AUM (₹ Cr) FY21 FY22 FY23 FY24 FY25 Q2FY25 Q1FY26 Q2FY26 Q0Q % YoY % Yield (₹ lakhs) Gold loan 13,149 16,228 20,733 23,354 21,022 10,797 27,274 34,577 27% 220% 18.56% 0.84 MSME loan 1,662 1,016 1,524 3,653 5,479 5,088 5,332 4,983 (7%) (2%) 18.64
Slide 24: IIFL Finance (Standalone): Business update
IIFL Finance (Standalone): Business update AUM mix Interest Spread Average ticket size1 (₹ lakhs) 3% 3% 2% 1% 2% 2% 7% 4% 1% 0% 18% 11% 3% 1% 0% 19.3% 4% 4% 12% 17.5% 17.8% 18.1% 18.6% 2% 20% 16.4% 1.13 0.92 0.95 0.98 0.99 0.89 8.6% 8.7% 10.1% 9.2% 77% 81% 80% 76% 85% 7.6% 8.2% 68% 8.9% 8.8% 9.1% 9.
Slide 25: IIFL Finance (Standalone): Funding mix
IIFL Finance (Standalone): Funding mix Borrowing (₹ Cr) Borrowing mix Average Cost of borrowing 8% 18% Rating: AA/Stable by CRISIL, & India Ratings, AA/ 8% 23% 23% 25% Negative by ICRA, AA+/ Stable by Brickwork, 28,558 30,346 4% 3% 6% 2% B+/Stable by S&P Global and B+/Positive by Fitch 24,349 31% 19
Slide 26: IIFL Home Finance
IIFL FINANCE = So) Z e Fa = = je) an — =
Slide 27: IIFL Home Finance: Q2FY26 and H1FY26 Results
IIFL Home Finance: Q2FY26 and H1FY26 Results ₹ Cr Q2FY26 Q1FY26 Q-o-Q Q2FY25 Y-o-Y H1FY26 H1FY25 Y-o-Y Interest income 745.6 730.2 2% 699.9 7% 1,475.8 1,427.3 3% Interest expense (436.5) (419.3) 4% (360.2) 21% (855.7) (730.5) 17% Net interest income 309.2 310.9 (1%) 339.7 (9%) 620.1 696.8 (11%) Inco
Slide 28: 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 40,023 24.9% 35,499 39,732 768 20.3% 28,512 593 17.6% 16.9% 14.0% 20,694 23,617 401 405 10.6% 3.6% 3.9% 4.4% 2.7% 3.8% 2.9% FY21 FY22 FY23 FY24 FY25 H1FY26 FY21 FY
Slide 29: IIFL Home Finance: Key business units
IIFL Home Finance: Key business units ATS Loan AUM (₹ Cr) FY21 FY22 FY23 FY24 FY25 Q2FY25 Q1FY26 Q2FY26 Q0Q % YoY % Yield1 (₹ lakhs) Affordable home loan 14,439 17,727 21,800 27,438 31,588 29,116 32,017 32,034 0% 10% 10.75% 15.72 MSME secured loan 5,381 5,346 5,905 7,250 7,464 7,194 7,350 7,203 (2%)
Slide 30: 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% 12.0% 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 15.51 75% 76% 77% 80% 80% 3.5% 4.1% 4.4% 3.9% 3.6% 70% 3.3% FY21 FY22 FY
Slide 31: IIFL Home Finance: Funding mix
IIFL Home Finance: Funding mix Borrowing (₹ Cr) Borrowing mix Average Cost of borrowing 5% 7% 6% 7% 5% Rating: AA/Stable by CRISIL, & India Rating, AA/ 27% 28% 26% Negative by ICRA , AA+/Stable by Brickwork 29% 28% 19,531 19,960 24% 20% 18,851 19,126 24% 23% 21% 8.5% 8.5% 8.5% 8.4% 16,724 49% 8.3% 4
Slide 32: IIFL Samasta Finance
IIFL FINANCE IIFL SAMASTA FINANCE
Slide 33: IIFL Samasta Finance: Q2FY26 and H1FY26 Results
IIFL Samasta Finance: Q2FY26 and H1FY26 Results ₹ Cr Q2FY26 Q1FY26 Q-o-Q Q2FY25 Y-o-Y H1FY26 H1FY25 Y-o-Y Interest income 404.9 423.6 (4%) 543.3 (25%) 828.5 1,127.5 (27%) Interest expense (192.7) (185.7) 4% (216.6) (11%) (378.4) (451.5) (16%) Net interest income 212.1 237.9 (11%) 326.8 (35%) 450.1 6
Slide 34: 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 31.5% 9,650 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% (6.2%) (58) (1.3%) FY21 FY22 FY23 FY24 FY25 H1FY26 FY21 FY22
Slide 35: IIFL Samasta Finance: Key business units
IIFL Samasta Finance: Key business units 1 ATS1 Loan AUM (₹ Cr) FY21 FY22 FY23 FY24 FY25 Q2FY25 Q1FY26 Q2FY26 Q0Q % YoY % Yield (₹ lakhs) Microfinance 4,440 5,821 9,072 11,891 8,758 10,112 7,870 7,473 (5%) (26%) 24.20% 0.52 MSME Secured 58 329 767 1,118 1,242 1,172 1,257 1,287 2% 10% 22.55% 4.74 Dai
Slide 36: 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% 13% 23.8% 24.4% 24.1% 24.1% 2% 5% 5% 22.4% 21.9% 1% 5% 7% 8% 5% 11% 0.59 5% 14.4% 0.54 12.7% 13.7% 14.2% 13.9% 0.48 12.3% 0.44 93% 90% 86% 84% 0.39 79% 77% 0.33 9.8% 9.6% 10.1% 10.3% 10
Slide 37: IIFL Samasta Finance: Funding mix
IIFL Samasta Finance: Funding mix Borrowing (₹ Cr) Borrowing mix Average Cost of borrowing 5% 6% 14% 15% 15% Rating: AA-/Stable by CRISIL & India Rating AA- 8% 8% /Stable by ACUITE 7,485 19% 23% 7% 6% 4% 23% 27% 37% 7,051 7,064 6,852 10.5% 6,692 67% 10.4% 63% 57% 10.4% 10.3% 52% 44% 10.2% Q2 FY25 Q3
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 H1FY26 H1FY26 H1FY26 Performance: Performance: Performan
Slide 40: Serving Bharat: Productive Lending to Low-Income & 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 50% 49% 41% 32% 28% 24% 13% 16% 14% 11% 10% 4% 2% 1% 2% 3% 1% 0% 0 to 1 1 to 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 4780 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) for Upper Layer NBFCs Internal Audit reporting directly to the Board Independent Board Committees f
Slide 44: Distinguished board of directors in the company & its subsidiaries
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 45: 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 51.1 (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 91.28% 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 Q2FY26 (₹ Cr) Standalone Finance* Finance adjustments Consolidated Interest income 1,256.6 745.6 404.9 39.9 2,447.0 Interest expense (758.4) (436.5) (192.7) 5.7 (1,381.9) N
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 47
Slide 53: Thank you
Thank you Published in Oct 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