IIFL · Financial Services
Net interest income fell on the year. A margin squeeze, or a smaller book?
Net profit −41.8% on the year against net interest income −20.6% (interest earned ₹2,591 cr less interest paid ₹1,169 cr).
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed, Asset quality (lenders), Net interest margin (lenders). Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
Lenders are read on NIM, asset quality, provision cover and credit cost. Those come from the filing read, which is not in yet for this quarter, so margin, other-income and cash checks are withheld rather than shown on a template built for manufacturers.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | ₹2,649 cr | ₹2,854 cr | ₹2,621 cr | ₹2,556 cr | ₹2,443 cr | ₹2,591 cr | ₹2,953 cr | ₹3,305 cr | ₹3,427 cr | ₹3,692 cr | ₹3,919 cr | ₹4,246 cr |
| YoY | — | — | — | +3% | −8% | −9% | +13% | +29% | +40% | +42% | +33% | +28% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 24% | 22% | 22% | — | 19% | 19% | 23% | 25% | 24% | 25% | 23% | 25% |
| Net profit | ₹545 cr | ₹431 cr | ₹338 cr | −₹93.0 cr | ₹82.0 cr | ₹251 cr | ₹274 cr | ₹418 cr | ₹501 cr | ₹623 cr | ₹713 cr | ₹805 cr |
| YoY | — | — | — | −118% | −85% | −42% | −19% | — | +511% | +148% | +160% | +93% |
| EPS | ₹11.58 | ₹8.81 | ₹6.79 | −₹3.72 | ₹0.96 | ₹4.89 | ₹5.49 | ₹8.86 | ₹10.92 | ₹13.80 | ₹15.87 | ₹17.96 |
| Flags | · | · | · | 1 | 1 | 1 | · | · | 1 | 1 | 1 | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
IIFL Finance Ltd. reported total income of ₹2,591 cr (−9.2% on the year) and net profit of ₹251 cr (−41.8% on the year) for January to March 2025.
1 check raised a question: Net interest income fell on the year. A margin squeeze, or a smaller book?
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