IFL Finance Limited•29 July 2026
IFL Finance Limited Posts 17% Revenue Rise
IFL Finance Limited – Quarterly Update (NSE: 1225IFL27, 1225IFL28, 1175IFL28, 1180IFL28, 1180IFL28A, 1175IFL28A, 1180IFL28B)
Introduction
On 29 July 2026, IFL Finance Limited (formerly IFL Housing Finance Ltd.) submitted its unaudited standalone financial results for the quarter ended 30 June 2026 to the National Stock Exchange of India (NSE). The filing complies with SEBI Listing Regulations 51 & 52 and includes accompanying disclosures, security‑cover certification, and statements on the utilization of non‑convertible debenture (NCD) proceeds.
1. Board Meeting & Financial Results
- Meeting date & time: 29 July 2026, 13:00 hrs – 22:30 hrs.
- Agenda: Approval of unaudited Q2 2026 results, limited‑review report, and regulatory annexures (A‑C).
- Statutory auditor: Ajay Rattan & Co., Chartered Accountants – issued a limited review report with an unmodified opinion on the unaudited standalone results.
2. Key Financial Highlights (Quarter ended 30 June 2026)
| Metric | Q2 2026 (Unaudited) | Q1 2026 (Audited) | YoY / Qtr‑on‑Qtr |
|---|---|---|---|
| Total Revenue from Operations | ₹ 2,854.34 L | ₹ 2,440.90 L | + 17 % vs Q1 |
| Total Income (incl. other income) | ₹ 2,928.80 L | ₹ 2,507.63 L | + 17 % |
| Total Expenses | ₹ 1,979.27 L | ₹ 1,761.72 L | + 12 % |
| Profit before Tax | ₹ 949.52 L | ₹ 745.91 L | + 27 % |
| Tax Expense | ₹ 253.56 L | ₹ 194.69 L | + 30 % |
| Profit after Tax | ₹ 695.96 L | ₹ 551.22 L | + 26 % |
| Earnings per Share (Basic & Diluted) | ₹ 0.82 | ₹ 0.80 | + 2.5 % |
| Net Profit Margin | 24.38 % | 22.58 % | ↑ |
| Debt‑Equity Ratio | 2.29 | 2.14 | ↑ |
| Net Worth | ₹ 18,693.15 L | ₹ 17,992.19 L | ↑ |
| Outstanding Debt | ₹ 41,714.23 L | ₹ 38,821.47 L | ↑ |
| Total Debt to Total Assets | 66.71 % | 65.91 % | ↑ |
| Provision Coverage Ratio | 21.77 % | 27.62 % | ↓ |
| Capital Adequacy Ratio (RBI) | 32.11 % | 33.97 % | ↓ |
All figures are expressed in Indian Rupees (Lakhs) unless otherwise stated.
3. Capital Structure & Debt Instruments
- Secured Non‑Convertible Debentures (NCDs) outstanding: ₹ 18,645.17 L, fully secured by a charge over book‑debts/receivables. Security cover stands at ≥ 1.10 times as required.
- NCD issuances (May 2026) – total ₹ 5,000 L (50,000 units of ₹ 10,000 each) under a Green‑Shoe option, ISIN INE01XO07066. Detailed issue list:
| ISIN | Issue Date | Interest Rate | Amount (₹ L) |
|---|---|---|---|
| INE01XO07017 | 18‑Nov‑25 | 12.25 % | 1,998 |
| INE01XO07025 | 14‑Jan‑26 | 12.25 % | 1,600 |
| INE01XO07033 | 28‑Jan‑26 | 11.75 % | 3,000 |
| INE01XO07041 | 23‑Feb‑26 | 11.80 % | 4,000 |
| INE01XO07058 | 10‑Mar‑26 | 11.80 % | 4,000 |
| INE01XO07066 | 14‑May‑26 | 11.75 % | 5,000 |
- Authorized Share Capital increased from ₹ 100 Cr to ₹ 12,500 Cr (₹ 12,500 L) – approved at the Extraordinary General Meeting (EGM) on 25 April 2026.
4. Regulatory & Compliance Disclosures
- Annexure A – compliance ratios (Debt‑Equity, Net Worth, Debt‑to‑Assets, etc.) submitted as per SEBI Regulation 52(4).
- Annexure B – statement confirming no deviation in the utilization of NCD proceeds; funds were used as per the offer document.
- Annexure C – Security Cover Certificate in line with SEBI Regulation 54.
- RBI compliance: No transfer of loan exposures during the quarter, as per RBI guidelines.
5. Recent Corporate Actions
| Action | Date | Details |
|---|---|---|
| NCD Issue (50,000 units) | 18 May 2026 | Fully allotted; listed on NSE. |
| Authorized Capital Increase | 25 Apr 2026 | From ₹ 100 Cr to ₹ 12,500 Cr. |
| IPO Filing | 22 Jul 2026 | Draft Red Herring Prospectus (DRHP) filed with regulators. |
| Utilisation of NCD Proceeds | Q2 2026 | Confirmed 100 % utilisation as per prospectus; no deviation. |
6. Outlook & Investor Takeaways
- Profitability improved markedly YoY, driven by higher interest income and controlled expense growth.
- Leverage has risen (Debt‑Equity 2.29, Debt‑to‑Assets 66.71 %) while capital adequacy remains comfortably above the regulatory minimum.
- Security cover of ≥ 1.10 times satisfies debenture covenants, reducing credit risk concerns.
- Strategic capital actions – capital raise, NCD issuance, and IPO preparation – indicate a focus on expanding the balance‑sheet and accessing broader equity markets.
- Regulatory compliance is fully met, with no material deviations in fund utilisation or loan‑transfer activities.
Investors should monitor the upcoming audited FY 2026 results, the progress of the IPO, and any further changes in the company’s capital structure.
Original Source Document
View the original exchange filing or announcement.
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