IIFL Finance

“So the guidance there is like 25% AUM growth and similar profit growth”

“I think ROA this year will be not much, maybe breakeven or a little bit of this thing.”

“September, we did around close to around 550. We are looking at close to 800 in October.”

“We should be looking at around 1,000 a month.”

“But I think on the year basis, we should be able to meet our guidance.”

“So I think our tonnage growth is there, which shows that we are getting new customers as well as our new branches are becoming productive.”

“I don't have a precise number, but I think about 20% to 25% will be income-generating loans as of now, and this might go up a little bit as we go along.”

“I'm not saying that they will go up even if they remain plus/minus 10% and environment economy remains what it is, then we should be able to maintain our growth momentum.”

“Yes, definitely, yes. So it will accelerate. It will accelerate. If you look at H1 to H1 comparison, we have grown the disbursement by 64%.”

“But having said that, yes, competitive intensity is increasing. But fortunately, at this point in time, we are market expanding very well.”

“One is the gold prices have increased the borrowing capacity of the households or the small businesses that have the collateral.”

“And two, unsecured lending and micro finance has been tightened across the industry many of those customers are now moving towards gold loan also.”

“The cost of borrowing has increased by 3 basis points to 9.08%, again, largely remained stable, resulting to a 6 basis point narrowing in our interest spread to 7.42%.”

“average AUM has now declined to 3.3%. What is heartening to note is that this is compared to the peak level of 4%.”

“Off-book income will continue to decline or will not grow at the same pace.”

“So as we move towards superior quality of borrowers, you get lower yield and the quality of asset improves. So this trend will continue because the LAP now lower unit property.”

“Now the new business that we are doing is maybe around 12.5% to 13.5%, but then quality is very superior and the losses are minimal.”

“So our off-book AUM is 34% of our total loan assets.”

“We had approximately around INR13,805 crores of our cash and undrawn credit lines, providing adequate coverage for our near-term liabilities and supporting our future growth.”

“during the first half H1 financial year '27, we have raised aggregate USD800 million through international bond issuances.”

“Consolidated capital adequacy stood at 23.5%. Net gearing is broadly stable at 4.1x compared to 4x in the previous quarter.”

“Capital adequacy ratio stood at 17.03%, while net gearing increased to 4.7x.”

“Fitch upgraded our rating to BB-. We raised $300 million social bond.”

“But one thing is that, that we are committed to raise equity capital at the earliest opportunity. Hopefully, this quarter, we should be able to close something.”

“No fundraise for subsidiary company, we don't need because we have adequate capital adequacy.”

“We also did a small issue for the first time of the tokenized bonds.”

“This also includes USD300 million social bond tap issuance during the second quarter, which was approximately 2.3x subscribed.”

“So Maybe it appears at this stage is that divestment or part or full sale of of subsidiary company will take time. And in the meanwhile, we need to make sure that we do the equity raise so that the growth is not affected.”

“No, I don't think there's any such plan at this point in time.”

“Two, in 6, 7 quarters, we'll have an opportunity to either demerge or divest or unlock the capital block in the subsidiary companies.”

“We have to take a strategic call, if we want to get into this business. Then we set up our entire team.”

“Consolidated gross NPA declined by 7 basis points on a quarter-on-quarter to 1.48% and net NPA stood at 0.87%.”

“So, what will happen is if we do equity raise, it can be a bit low temporarily for IIFL Finance or the NBFC, the parent company.”

“In FY26 It is just about INR3 crores in the holding company Samasta has about INR78 crores and HFC is about INR160 crores.”

“So as of now, insurance income, to total revenue is about 4.5% to 5%.”

“I think as per the initial consultation paper, this was to be effective from 1st of April. Maybe it might be slightly deferred.”

“So our AUM crossed INR1.24 lakh crores, which is a growth of 38% Y-o-Y and 8% sequentially Q-o-Q.”

“Profit after tax on a consolidated basis was INR805 crores, first time crossing the milestone of INR800 crores, up 13% quarter-on-quarter and 93% year-on-year.”

“So the processes where we have applied this, we have seen about 30% improvement in the productivity.”

“So yes, CL is about INR600 crores in total, INR250 crores in home loan, around INR400 crores in LAP.”

“In Q2, we have disbursed affordable now almost about INR790 crores. In quarter 1, it was about INR400 crores.”