Shares of IIFL Finance Ltd came under sharp selling pressure on Thursday after the company announced its December quarter results, interim dividend, management
changes, and regulatory updates. The stock slipped Rs 65.45 or 10.51 per cent, to Rs 557.25 on the BSE despite strong earnings performance.
IIFL Finance Q3 FY26 performance
For the December quarter, IIFL Finance reported a sharp jump in profitability. The company’s consolidated profit after tax (PAT) surged 514 per cent year-on-year to Rs 501 crore. Net interest income (NII) for the quarter stood at Rs 1582 crore, up 28 per cent from Rs 1235 crore reported in the corresponding quarter a year ago.The board approved the company’s unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. Along with the results, the lender submitted the limited review report as required under Regulations 33 and 52, disclosures under Regulation 52(4), and a security cover certificate under Regulation 54, read with SEBI’s master circular dated August 13, 2025.
Rs 4 interim dividend declared
Alongside the financial approvals, the board declared an interim dividend of Rs 4 per equity share of face value Rs 2 each for the financial year 2025–26. As per Regulation 42, the company has fixed Thursday, January 29, 2026, as the record date to determine eligible shareholders.The interim dividend will be paid on or before February 20, 2026, to shareholders whose names appear in the register of members or as beneficial owners on the record date.
GST and income tax updates
The company further disclosed that it has received 2 orders from the Goods and Services Tax Department of Bihar and 1 order from the Goods and Services Tax Department of Gujarat, the details of which have been provided in the exchange filing.In addition, IIFL Finance said it received a communication dated January 21, 2026, from the Income Tax Department, directing the company to get its accounts audited for a specified block period under Section 142(2A) of the Income Tax Act, 1961, and appointing a Special Auditor for the purpose.
The direction has been issued in connection with ongoing assessment proceedings and is procedural in nature. The company clarified that there is no adjudication or determination against IIFL Finance at this stage and no financial impact can currently be ascertained. It added that it will extend full cooperation to the special auditor as required under law.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions)
