From The Economic Times · Sangita Mehta · · 1m
IIFL Finance Q2 Profit Doubles
IIFL Finance's Q2 profit nearly doubles to Rs 805 crore as AUM grows 38%.
In brief
IIFL Finance's Q2 profit nearly doubles to Rs 805 crore as AUM grows 38%. IIFL Finance reported a 93% rise in Q2 profit to Rs 805 crore with AUM increasing 38% year-on-year. Originally reported by The Economic Times.
Q2 Profit Report
IIFL Finance reported a 93% rise in profit after tax to Rs 805 crore for the quarter ended September 30.
AUM Growth
Assets under management rose 38% year-on-year to Rs 1.24 lakh crore, driven by strong gold loans growth.
Gold Loans Surge
Gold-loan AUM surged 90% year-on-year and 13% sequentially to Rs 65,729 crore with gross NPA at 0.90%.
CFO Statement
Vikas Jain, CFO, said profitability and growth momentum remain strong due to positive credit environment and operating leverage.
Half-Year Profit
For FY27 first half, profit after tax before non-controlling interest more than doubled year-on-year to Rs 1,518 crore.
Tokenised Bond
IIFL Finance completed a Rs 25-crore tokenised bond transaction, becoming first non-PSU NBFC in India to do so.
The key point
IIFL Finance reported a 93% rise in Q2 profit to Rs 805 crore with AUM increasing 38% year-on-year.
