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IIFL Finance
SectorFinancial Services
IIFL Finance Limited is an Indian non-banking financial company offering various financial products and services. The company provides home loans, gold loans, business loans, loans against securities, and microfinance loans. It operates through a nationwide network of over 4,267 branches across more than 1300 cities. IIFL Finance has two main subsidiaries: IIFL Home Finance Limited and IIFL Samasta Finance Limited (formerly Samasta Microfinance Limited). The company has expanded its services through partnerships, including a joint venture with Open Financial Technologies to establish a neobank for MSMEs and a co-branded prepaid card with ICICI Bank for gold loan customers. As of March 31, 2023, IIFL Finance's assets under management stood at Rs 61.6 billion, with retail home loans constituting 34% of the total AUM.
In the news
IIFL Finance shares fall 4% after subsidiary faces ₹963 crore tax demand
IIFL Finance Q2 profit surges 93% to ₹805 crore, gold loans jump 90%
Fairfax's IIFL Exit: Strategic Pivot Before IDBI Bank Deal
IIFL Finance dismisses Fairfax exit reports, denies stake sale talks
IIFL Finance Approves ₹350 Cr NCD Allotment
IIFL Finance Shares Drop 8% on ₹963 Cr Tax Demand for Home Finance
SAT dismisses Gaekwad's Religare takeover bid, Dhawan holds ₹760 cr stake
IIFL Finance Hits New High: Stock Surges 8% on JPMorgan Coverage
Fairfax sells ₹374 cr IIFL Finance stake; Abakkus buys Bai-Kakaji
IFL Finance Q1 profit jumps 27.94% to ₹6.96 crore
Motilal Oswal Sets ₹700 Target for IIFL Finance
IIFL Finance IPO raises ₹150 crore amid strong Q1 performance
IIFL Finance Q1 profit surges 189% to ₹675 crore on strong growth
IIFL Finance approves ₹10,000 cr fundraise, doubles borrowing limit
IIFL Finance raises $500mn in debut social bond at 7.6% pricing
RBI fines IIFL Finance ₹3.1L, Appnit Technologies ₹5.8L
IIFL Finance shares surge on tax demand resolution
IIFL Finance shares surge 8% after Jain clarifies tax order
IIFL Finance gets ₹476 cr tax demand for 2018-2025 block period
IIFL Finance shares surge 2.5% as Nifty 50 gains 275 points
Company insights, generated from the most recent coverage.
Stock down 4.1% intraday and 11.5% weekly as Fairfax exit overhang and block trade fears drive institutional distribution.
Resignations of Head-Legal Binay Kumar Mishra and Business Head-LAP Vinay Agarwal on Sep 11 trigger governance and stability concerns.
Q1 FY27 net profit ₹713 Cr (+161% YoY) with 17-18% AUM growth guidance shows underlying business strength despite share price volatility.