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IIFL Finance Q3 FY26 PAT Rises 20% QoQ to ₹501 Cr; Gold Loan AUM Surges 189% YoY
IIFL Finance reported a strong Q3 FY26 with consolidated PAT reaching ₹501 crore, a 20% sequential growth. Total AUM neared the ₹1 lakh crore milestone, driven by a massive 189% YoY surge in gold loans to ₹43,432 crore. Asset quality improved significantly with GNPA dropping to 1.6% and NNPA falling below 1%, supported by a high provision coverage of 92%. Management also clarified that the ongoing Income Tax special audit is a procedural step with no current tax demand or operational impact.
Key Highlights
Consolidated PAT grew 20% QoQ to ₹501 crore; Pre-provision operating profit doubled YoY to ₹1,075 crore.
Total AUM reached ₹98,336 crore, up 38% YoY, with Gold Loans crossing pre-embargo levels at ₹43,432 crore.
Asset quality improved with GNPA at 1.6% (down from 2.14%) and NNPA at 0.8%.
Capital adequacy remains robust at 27.7% consolidated, with an interim dividend of ₹4 per share declared.
Management addressed the IT special audit, stating it covers a 6-year block period with no immediate financial impact.
💼 Action for Investors
Investors should focus on the strong recovery in the gold loan segment and improving asset quality metrics. While the tax audit warrants monitoring, the operational performance and high capital adequacy provide a significant safety margin.