IIFL Finance swings to profit in Q2 on lower provisions, steady loan growth

IIFL Finance Ltd

reported a net profit of ₹376.3 crore for the September quarter, compared with a loss of ₹157 crore a year earlier, helped by lower provisions and steady loan growth.

Net interest income (NII) rose 6.1% year-on-year to ₹1,439 crore from ₹1,355 crore, the non-bank lender said in a filing.

The improvement comes amid strong demand for retail and gold-backed loans, which continue to form a significant part of IIFL’s portfolio.

Separately, the company said its housing finance subsidiary, IIFL Home Finance Ltd, has appointed Girish Kousgi as Managing Director and Chief Executive Officer, effective Oct. 30, 2025.

Kousgi, who previously led PNB Housing Finance and Can Fin Homes, brings nearly three decades of experience across the banking and financial services sector. His appointment is aimed at strengthening IIFL’s leadership in the affordable housing segment and accelerating growth in home loans, MSME, and construction finance.

IIFL Finance, along with its subsidiaries, serves over 8 million customers through a network of 4,900+ branches across India.