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IIFL Finance Q2 Net Profit More Than Doubles to ₹766 Crore on Strong Gold Loan Growth
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CNBC TV18•15-10-2026, 18:53
IIFL Finance Q2 Net Profit More Than Doubles to ₹766 Crore on Strong Gold Loan Growth
- •IIFL Finance reported a more than twofold year-on-year increase in net profit to ₹766.4 crore for the September quarter of FY27, driven by strong performance in gold loans.
- •Consolidated assets under management grew 38% year-on-year to ₹1.24 lakh crore, with gold loans surging 90% to ₹65,729 crore.
- •Net interest income rose 50.2% to ₹2,161 crore, while gross non-performing assets stood at 1.5% and net non-performing assets at 0.9%.
- •The company is increasingly integrating artificial intelligence into loan assessments, collections, and fraud detection to improve operating efficiency.
- •Management highlighted that secured loans now account for 90% of total assets under management, backed by a strong capital adequacy ratio of 23.5%.
Key Questions Answered
IIFL Finance reported a more than twofold year-on-year increase in net profit, reaching ₹766.4 crore for the September quarter of FY27 compared to ₹376.3 crore in the previous year.
Gold loans served as the primary growth driver for IIFL Finance, with assets under management rising 90% year-on-year and 13% sequentially to ₹65,729 crore.
IIFL Finance deploys AI across multiple areas, including voice AI for gold loan sales, automated credit assessments for over 85% of SME loan-against-property applications, video employee training, and jewelry fraud detection.
