IIFL Finance shares fell by nearly 4% following the announcement of a substantial standalone net loss of ₹441.3 crore for the second quarter of FY25, compared to a net profit of ₹136.7 crore in the same period last year. The company’s consolidated net loss stood at ₹93 crore, driven by regulatory challenges and a significant impact on its gold loan business.
Net interest income (NII) dropped 8.2% year-on-year to ₹596.4 crore, while total loan assets under management (AUM) fell by 8% YoY to ₹66,964 crore. The company also saw a rise in gross non-performing assets (NPA) to 2.4%.
Despite these challenges, the home loan and digital loan segments showed growth, but overall performance remained subdued due to higher borrowing costs and provisions.
As of 9:39 am, the shares were trading 3.90% lower at ₹403.65 on NSE.
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