IIFL Finance (erstwhile IIFL Holdings) ~ Retail focused diversified NBFC

IIFL Finance Results

Some key points:

• NPAs falling,
• Microfinance growing fast (FY23 – 9786Cr, H1FY24 – 11307Cr),
• ROA touching 3.7%,
• Cost to Income flatting and expected to fall further,
• Q4 is usually the best so PAT should touch 2000Cr for the year,
• Sharp growth in Home Loans AUM (FY23 – 21800Cr, H1FY24 – 24000Cr) – Sticky book,
• Sharp Growth in Digital Loans AUM (FY23 – 2512Cr, H1FY24 – 3539Cr),
• GNPA went up in Gold Loans from 0.8% to 1.2%
• Co-lending in Gold Loans is now 35% of the AUM

Disc: Invested