P&L-Consol

IIFL_Consolidated Quarterly Quarterly Quarterly Quarterly Quarterly Annual Annual Annual

Rs In Cr Q1FY24 Q4FY23 QoQ % Q1FY23 YoY % FY23 FY22 YoY %
1. Revenue from Operations 1,420.0 1,379.2 3% 1,169.8 21% 5,077.1 3,876.8 31%
Interest Income 2,198.9 2,045.4 8% 1,660.0 32% 7,369.3 6,134.5 20%
Interest expense (887.8) (860.6) 3% (776.0) 14% (3,221.8) (2,991.0) 8%
Net Interest Income (NII) 1,311.1 1,184.9 11% 884.0 48% 4,147.4 3,143.5 32%
NII on On-book (A) 938.0 860.1 9% 637.0 47% 3,018.3 2,371.3 27%
NII on Off-book (I) 373.1 324.7 15% 247.0 51% 1,129.1 772.2 46%

Net Gain on dercognition of Financial Instruments under amortis -41.2 6.8 (705%) 199.1 (121%) 513.8 411.2 25%
Fees and Commission Income from Off-book assets (III) 14.9 15.5 (4%) 3.1 375% 29.6 10.9 172%
Income from Off-book assets (I+II+II) 346.8 347.0 (0%) 449.2 (23%) 1,672.6 1,194.3 40%

Fees and Commission Income - Others (IV) 70.0 77.0 (9%) 40.7 72% 198.9 142.3 40%
Dividend Income (V) 0.0 0.0 72193% 0.0 0.0 0.0 (32%)

2. Other Income (VI) 65.2 95.1 (31%) 42.8 52% 187.3 168.9 11%
Miscelleneous income 64.4 93.3 (31%) 44.2 46% 185.2 167.0 11%
Profit/(loss) on sale of fixed assets 0.8 1.7 (54%) -1.4 (160%) 2.1 1.9 14%

Total Fund Based Income (A) 938.0 860.1 9% 637.0 47% 3,018.3 2,371.3 27%
Total Non Fund Based Income (I+II+III+IV+V+VI) 482.1 519.1 (7%) 532.7 (10%) 2,058.8 1,505.5 37%
Total Income (1+2) (A) 1,420.0 1,379.2 3% 1,169.8 21% 5,077.1 3,876.8 31%

Employee benefit expenses (392.5) (378.2) 4% (315.2) 25% (1,359.9) (952.4) 43%
Other expenses (240.7) (234.9) 2% (199.8) 20% (885.8) (639.4) 39%
Total Expenses (B) (633.2) (613.1) 3% (515.0) 23% (2,245.7) (1,591.8) 41%

Operating Profit (A - B) 786.8 766.1 3% 654.8 20% 2,831.4 2,285.0 24%

Loan losses & provision (190.1) (208.3) (9%) (248.7) (24%) (866.1) (904.8) (4%)
Core Profit before tax 596.7 557.8 7% 406.1 47% 1,965.3 1,380.2 42%
Net Gain/(Loss) on Fair Value Changes 21.6 36.2 (40%) 27.9 (22%) 147.3 155.8 (5%)
PBT (before exceptional items) 618.4 594.0 4% 433.9 43% 2,112.5 1,536.0 38%
Exceptional Items 0.0 0.0 0.0 0.0 0.0
PBT (after exceptional items) 618.4 594.0 4% 433.9 43% 2,112.5 1,536.0 38%
Provision for taxation (145.5) (136.5) 7% (104.2) 40% (505.0) (347.7) 45%
Profit after tax (Pre-NCI) 472.9 457.6 3% 329.7 43% 1,607.5 1,188.2 35%
Non Controlling Interest (NCI) (47.5) (44.8) 6% (0.0) 171345% (107.2) (0.4) 29853%
Profit after tax (Post-NCI) 425.4 412.8 3% 329.7 29% 1,500.3 1,187.9 26%
OCI (17.9) 4.9 (462%) 1.9 (1028%) 33.7 9.2 266%
Total Comprehensive Income (PAT + OCI) - (A + B) (Pre NCI) 454.1 461.5 (2%) 331.6 37% 1,639.7 1,197.5 37%
Total Comprehensive Income (PAT + OCI) - (A + B) (Post NCI) 407.5 417.7 (2%) 331.6 23% 1,534.0 1,197.1 28%

Basic EPS 11.2 10.9 3% 8.7 29% 39.5 31.4 26%

Diluted EPS 11.1 10.8 3% 8.6 29% 39.2 31.3 25%
Book Value Per Share 240.0 231.1 4% 174.2 38% 231.1 165.3 40%
No. of Equity Shares 38.1 38.0 0% 38.0 0% 38.0 38.0 0%

AUM 68,178.2 64,637.6 5% 52,761.4 29% 64,637.6 51,209.8 26%

Loan book 41,515.3 40,101.9 4% 34,343.1 21% 40,101.9 34,066.6 18%
Networth (Excl. Minority) 9,134.0 8,790.5 4% 6,616.0 38% 8,790.5 6,273.9 40%
Total Equity (Incl. Minority) 10,664.8 10,202.1 5% 6,880.4 55% 10,202.1 6,469.7 58%
Total Borrowings (including securitisation) 38,486.2 39,604.0 (3%) 34,765.4 11% 39,604.0 35,725.5 11%
P&L-Consol
IIFL_Consolidated IND AS IND AS IND AS IND AS IND AS IND AS IND AS IND AS IND AS IND AS IND AS IND AS IND AS IND AS
Rs In Cr FY19 FY20 FY21 FY22 FY23 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24
1. Revenue from Operations 2,362.3 2,438.2 3,053.9 3,876.8 5,077.1 824.4 943.3 984.1 1,124.9 1,169.8 1,209.7 1,318.4 1,379.2 1,420.0
Interest Income 4,750.7 4,618.9 5,421.2 6,134.5 7,369.3 1,435.7 1,516.0 1,554.0 1,628.9 1,660.0 1,765.8 1,898.0 2,045.4 2,198.9
Interest expense (2,587.6) (2,405.0) (2,608.3) (2,991.0) (3,221.8) (700.9) (744.1) (772.8) (773.2) (776.0) (775.8) (809.4) (860.6) -887.8
Net Interest Income (NII) 2,163.1 2,213.9 2,812.9 3,143.5 4,147.4 734.8 771.9 781.2 855.7 884.0 990.0 1,088.6 1,184.9 1,311.1
NII on On-book (A) 1,917.9 1,638.0 2,110.9 2,371.3 3,018.3 544.1 598.2 591.4 637.7 637.0 733.1 788.1 860.1 938.0
NII on Off-book (I) 245.2 575.8 702.0 772.2 1,129.1 190.6 173.7 189.8 218.0 247.0 256.9 300.5 324.7 373.1

Net Gain on dercognition of Financial Instruments under amortis 68.1 105.8 129.8 411.2 513.8 47.6 89.7 117.8 156.2 199.1 158.0 149.9 6.8 -41.2
Fees and Commission Income from Off-book assets (III) 8.3 26.6 21.1 10.9 29.6 2.7 2.2 2.5 3.5 3.1 3.7 7.3 15.5 14.9
Income from Off-book assets (I+II+II) 321.7 708.2 852.8 1,194.3 1,672.6 240.9 265.6 310.2 377.7 449.2 418.6 457.7 347.0 346.8

Fees and Commission Income - Others (IV) 122.7 92.0 90.2 142.3 198.9 22.3 33.8 37.1 49.2 40.7 32.2 49.0 77.0 70.0
Dividend Income (V) 79.9 1.1 5.9 0.0 0.0 - 0.0 - 0.0 0.0 0.0 0.0 0.0 0.0

2. Other Income (VI) 107.0 81.8 131.0 168.9 187.3 17.2 45.8 45.5 60.4 42.8 25.8 23.6 95.1 65.2
Miscelleneous income 107.1 81.3 132.1 167.0 185.2 15.7 45.7 45.5 60.1 44.2 24.3 23.3 93.3 64.4
Profit/(loss) on sale of fixed assets -0.1 0.5 -1.1 1.9 2.1 1.5 0.1 -0.0 0.3 -1.4 1.5 0.3 1.7 0.8

Total Fund Based Income (A) 1,917.9 1,638.0 2,110.9 2,371.3 3,018.3 544.1 598.2 591.4 637.7 637.0 733.1 788.1 860.1 938.0
Total Non Fund Based Income (I+II+III+IV+V+VI) 631.2 883.0 1,079.9 1,505.5 2,058.8 280.3 345.2 392.7 487.2 532.7 476.6 530.3 519.1 482.1
Total Income (1+2) (A) 2,549.2 2,521.1 3,190.8 3,876.8 5,077.1 824.4 943.3 984.1 1,124.9 1,169.8 1,209.7 1,318.4 1,379.2 1,420.0

Employee benefit expenses (714.3) (766.5) (736.2) (952.4) (1,359.9) (201.0) (231.7) (247.1) (272.5) (315.2) (331.9) (343.2) (378.2) (392.5)
Other expenses (452.3) (501.3) (452.8) (639.4) (885.8) (114.1) (155.9) (173.6) (195.9) (199.8) (218.9) (223.5) (234.9) (240.7)
Total Expenses (B) (1,166.6) (1,267.7) (1,189.0) (1,591.8) (2,245.7) (315.1) (387.6) (420.7) (468.5) (515.0) (550.8) (566.7) (613.1) (633.2)

Operating Profit (A - B) 1,382.5 1,253.3 2,001.8 2,285.0 2,831.4 509.3 555.8 563.5 656.4 654.8 658.9 751.7 766.1 786.8
Loan losses & provision (369.3) (466.2) (1,168.6) (904.8) (866.1) (167.0) (210.2) (255.9) (271.7) (248.7) (196.0) (213.1) (208.3) (190.1)
Core Profit before tax 1,013.2 787.1 833.2 1,380.2 1,965.3 342.3 345.6 307.6 384.7 406.1 462.9 538.5 557.8 596.7
Net Gain/(Loss) on Fair Value Changes 12.1 (62.0) 171.6 155.8 147.3 8.2 26.0 86.7 34.9 27.9 66.6 16.6 36.2 21.6
PBT (before exceptional items) 1,025.3 725.2 1,004.8 1,536.0 2,112.5 350.5 371.5 394.3 419.6 433.9 529.4 555.1 594.0 618.4
Exceptional Items 104.6 (0.0) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PBT (after exceptional items) 1,129.9 725.2 1,004.8 1,536.0 2,112.5 350.5 371.5 394.3 419.6 433.9 529.4 555.1 594.0 618.4
Provision for taxation (334.1) (221.7) (244.0) (347.7) (505.0) (84.7) (80.0) (84.4) (98.6) (104.2) (132.4) (131.9) (136.5) (145.5)
Profit after tax (Pre-NCI) 795.8 503.5 760.8 1,188.2 1,607.5 265.8 291.6 309.9 321.0 329.7 397.1 423.2 457.6 472.9
Non Controlling Interest (NCI) (1.1) (1.6) (0.7) (0.4) (107.2) (0.1) (0.1) (0.2) (0.0) (0.0) (17.5) (44.9) (44.8) (47.5)
Profit after tax (Post-NCI) 794.7 501.8 760.1 1,187.9 1,500.3 265.7 291.5 309.7 320.9 329.7 379.6 378.3 412.8 425.4
OCI (10.1) (6.7) (24.3) 9.2 33.7 (16.1) (1.8) 9.8 17.3 1.9 25.5 1.3 4.9 (17.9)
Total Comprehensive Income (PAT + OCI) - (A + B) (Pre NCI) 785.7 496.8 736.5 1,197.5 1,639.7 249.7 289.8 319.7 338.2 331.6 421.8 424.7 461.5 454.1
Total Comprehensive Income (PAT + OCI) - (A + B) (Post NCI) 784.6 495.2 735.8 1,197.1 1,534.0 249.6 289.8 319.6 338.2 331.6 405.1 379.6 417.7 407.5

Basic EPS 21.0 13.3 20.1 31.4 39.5 7.0 7.7 8.2 8.5 8.7 10.0 10.0 10.9 11.2
Diluted EPS 20.9 13.2 20.0 31.3 39.2 7.0 7.6 8.1 8.4 8.6 9.9 9.9 10.8 11.1
Book Value Per Share 113.3 123.0 138.8 165.3 231.1 145.4 152.5 160.5 165.3 174.2 215.2 225.6 231.1 240.0
No. of Equity Shares 37.8 37.9 37.9 38.0 38.0 37.9 37.9 37.9 38.0 38.0 38.0 38.0 38.0 38.1

AUM 34,903.5 37,951.0 44,688.0 51,209.8 64,637.6 43,201.4 44,249.2 46,780.2 51,209.8 52,761.4 55,302.9 57,940.6 64,637.6 68,178.2
Loan book 27,524.8 27,805.3 33,612.0 34,066.6 40,101.9 32,901.5 32,860.9 33,570.6 34,066.6 34,343.1 35,162.0 36,285.6 40,101.9 41,515.3
Networth (Excl. Minority) 4,287.3 4,662.0 5,259.8 6,273.9 8,790.5 5,516.0 5,781.7 6,088.6 6,273.9 6,616.0 8,171.5 8,571.0 8,790.5 9,134.0
Total Equity (Incl. Minority) 4,358.7 4,765.6 5,393.4 6,469.7 10,202.1 5,645.0 5,938.0 6,262.2 6,469.7 6,880.4 9,480.4 9,911.2 10,202.1 10,664.8
Total Borrowings (including securitisation) 27,504.3 27,347.4 32,256.6 35,725.5 39,604.0 32,139.7 33,248.8 33,670.6 35,725.5 34,765.4 35,531.3 36,000.5 39,604.0 38,486.2
Loan growth FY18 FY19 FY20 FY21 FY22 FY23 Q1FY23 Q4FY23 Q1FY24 YoY% QoQ% 5yr CAGR
Loan AUM (₹ Cr) 31,228 34,903 37,951 44,688 51,210 64,638 52,761 64,638 68,178 29% 5% 16%
Loan Book (Ind AS Balance sheet) 29,029 27,525 27,805 33,612 34,067 40,102 34,343 40,102 41,515 21% 4% 7%
- Using risk capital 27,710 26,576 25,864 29,784 31,669 39,366 32,386 39,366 40,707 26% 3% 7%
- Securitized 1,319 949 1,941 3,828 2,397 736 1,957 736 808 (59%) 10% (11%)

Off book assets 2,105 7,378 9,723 11,076 17,143 24,536 18,418 24,536 26,663 45% 9% 63%
- Assigned assets 2,105 7,378 9,723 11,042 14,298 16,979 14,577 16,979 17,700 21% 4% 52%
- Co-lending 34 2,845 7,557 3,842 7,557 8,963 133% 19%

Off book and securitized assets % 11% 24% 31% 33% 38% 39% 39% 39% 40% 2% 1%

AUM mix (₹ Cr) 31,228 34,903 37,951 44,688 51,210 64,638 52,761 64,638 68,178 29% 5% 16%
IIFL Home Finance 14,333 19,173 18,495 20,694 23,617 28,512 24,554 28,512 29,595 21% 4% 15%
Home Loan 8,579 12,197 12,443 14,439 17,727 21,800 18,618 21,800 22,838 23% 5% 21%
LAP 4,295 5,758 4,882 5,381 5,346 5,905 5,351 5,905 5,958 11% 1% 7%
Construction Finance 1,459 1,219 1,170 873 544 807 585 807 799 37% -1% (11%)
IIFL Finance - Standalone 11,645 13,445 16,057 19,199 21,109 25,573 21,523 25,573 27,511 28% 8% 17%
Gold Loan 4,037 6,195 9,125 13,149 16,228 20,733 17,130 20,733 22,142 29% 7% 39%
LAP 1,437 - - - - - 61
Digital Loan 2,231 2,754 2,923 2,025 1,884 2,512 1,884 2,512 2,899 54% 15% 2%
Commercial Real Estate 2,876 3,836 3,557 3,362 2,355 1,887 1,902 1,887 1,933 2% 2% (8%)
Capital Market 1,063 660 451 663 642 442 607 442 477 (21%) 8% (16%)
IIFL Samasta 841 2,285 3,400 4,796 6,484 10,552 6,685 10,552 11,072 66% 5% 66%
MFI 841 2,281 3,378 4,738 6,155 9,786 6,276 9,786 10,255 63% 5% 63%
Micro LAP - 4 21 58 329 767 409 767 817 100% 7%

Core Products 21,420 29,189 32,773 39,790 47,669 61,502 49,668 61,502 64,970 31% 6% 23%
Synergistic Products 5,398 5,715 5,178 4,898 3,541 3,136 3,094 3,136 3,209 4% 2% (10%)
LAP as per IR ppt 5,732 5,762 4,904 5,439 5,675 6,671 5,760 6,671 6,836 19% 2% 3%
CRE as per IR PPT 4,335 5,055 4,727 4,235 2,899 2,694 2,487 2,694 2,732 10% 1% (9%)
Loan growth FY18 FY19 FY20 FY21 FY22 FY23 Q1FY23 Q4FY23 Q1FY24 YoY% QoQ% 5yr CAGR
AUM mix (%)
IIFL Home Finance 45.9% 54.9% 48.7% 46.3% 46.1% 44.1% 46.5% 44.1% 43.4% (3.1%) (0.7%)
Home Loan 27.5% 34.9% 32.8% 32.3% 34.6% 33.7% 35.3% 33.7% 33.5% (1.8%) (0.2%)
LAP 13.8% 16.5% 12.9% 12.0% 10.4% 9.1% 10.1% 9.1% 8.7% (1.4%) (0.4%)
Construction Finance 4.7% 3.5% 3.1% 2.0% 1.1% 1.2% 1.1% 1.2% 1.2% 0.1% -0.1%
IIFL Finance - Standalone 37.3% 38.5% 42.3% 43.0% 41.2% 39.6% 40.8% 39.6% 40.4% (0.4%) 0.8%
Gold Loan 12.9% 17.7% 24.0% 29.4% 31.7% 32.1% 32.5% 32.1% 32.5% 0.0% 0.4%
LAP 4.6% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.1% 0.1% 0.1%
Digital Loan 7.1% 7.9% 7.7% 4.5% 3.7% 3.9% 3.6% 3.9% 4.3% 0.7% 0.4%
Commercial Real Estate 9.2% 11.0% 9.4% 7.5% 4.6% 2.9% 3.6% 2.9% 2.8% (0.8%) (0.1%)
Capital Market 3.4% 1.9% 1.2% 1.5% 1.3% 0.7% 1.1% 0.7% 0.7% (0.5%) 0.0%
IIFL Samasta 2.7% 6.5% 9.0% 10.7% 12.7% 16.3% 12.7% 16.3% 16.2% 3.6% -0.1%
MFI 2.7% 6.5% 8.9% 10.6% 12.0% 15.1% 11.9% 15.1% 15.0% 3.1% -0.1%
Micro LAP 0.0% 0.0% 0.1% 0.1% 0.6% 1.2% 0.8% 1.2% 1.2% 0.4% 0.0%

Core Products 82.7% 83.6% 86.4% 89.0% 93.1% 95.1% 94.1% 95.1% 95.3% 1.2% 0.1%
Synergistic Products 17.3% 16.4% 13.6% 11.0% 6.9% 4.9% 5.9% 4.9% 4.7% (1.2%) (0.1%)

AUM Growth (%) 39% 12% 9% 18% 15% 26% (18%) 17% 29% 48% 12%
IIFL Home Finance 47% 34% (4%) 12% 14% 21% (14%) 11% 21% 34% 10%
Home Loan 61% 42% 2% 16% 23% 23% (15%) 11% 23% 37% 12%
LAP 31% 34% (15%) 10% (1%) 10% (9%) 8% 11% 21% 3%
Construction Finance 24% (16%) (4%) (25%) (38%) 48% (28%) 36% 37% 64% 1%
IIFL Finance - Standalone 25% 15% 19% 20% 10% 21% (16%) 15% 28% 44% 13%
Gold Loan 39% 53% 47% 44% 23% 28% (17%) 16% 29% 47% 13%
LAP (39%) 0% 0%
Digital Loan 121% 23% 6% (31%) (7%) 33% -25% 26% 54% 79% 28%
Commercial Real Estate 51% 33% (7%) (6%) (30%) (20%) 1% (6%) 2% 1% 7%
Capital Market (4%) (38%) (32%) 47% (3%) (31%) 37% (9%) (21%) (59%) (12%)
IIFL Samasta 252% 172% 49% 41% 35% 63% (37%) 45% 66% 102% 20%
MFI 252% 171% 48% 40% 30% 59% -36% 46% 63% 99% 18%
Micro LAP NA 0% 446% 171% 468% 133% -47% 41% 100% 147% 59%
0.0% 0.0%
Core Products 42% 36% 12% 21% 20% 29% -19% 18% 31% 50% 13%
Synergistic Products 29% 6% (9%) (5%) (28%) (11%) (1%) 2% 4% 5% 2%
Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24
43,201 44,249 46,780 51,210 52,761 55,302 57,941 64,638 68,178
32,901 32,861 33,571 34,067 34,343 35,162 36,286 40,102 41,515
28,599 28,874 30,379 31,669 32,386 33,582 35,237 39,366 40,707
4,303 3,987 3,191 2,397 1,957 1,580 1,049 736 808

10,300 11,388 13,210 17,143 18,418 20,140 21,655 24,536 26,663

10,195 11,151 12,365 14,298 14,577 15,438 15,939 16,979 17,700
105 237 845 2,845 3,842 4,703 5,716 7,557 8,963

34% 35% 35% 38% 39% 39% 39% 39% 40%

43,160 44,249 46,780 51,210 52,761 55,302 57,941 64,638 68,178

20,614 21,474 22,207 23,617 24,554 25,718 26,596 28,512 29,595
14,747 15,698 16,495 17,727 18,618 19,681 20,389 21,800 22,838
5,379 5,295 5,227 5,346 5,351 5,443 5,545 5,905 5,958
488 481 485 544 585 594 661 807 799
18,103 18,165 19,323 21,109 21,523 22,317 22,870 25,573 27,511
13,262 13,600 14,606 16,228 17,130 17,832 18,284 20,733 22,142
- - - - - 61
1,679 1,648 1,715 1,884 1,884 1,999 1,996 2,512 2,899
2,320 2,240 2,298 2,355 1,902 1,999 2,044 1,887 1,933
842 677 704 642 607 488 546 442 477
4,443 4,610 5,250 6,484 6,685 7,267 8,475 10,552 11,072
4,386 4,522 5,062 6,155 6,276 6,724 7,834 9,786 10,255
57 88 188 329 409 543 640 767 817

39,510 40,851 43,293 47,669 49,668 52,221 54,690 61,502 64,970

3,651 3,398 3,487 3,541 3,094 3,081 3,251 3,136 3,209
5,435 5,383 5,415 5,675 5,760 5,986 6,186 6,671 6,836
2,808 2,722 2,783 2,899 2,487 2,593 2,705 2,694 2,732
Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24

47.8% 48.5% 47.5% 46.1% 46.5% 46.5% 45.9% 44.1% 43.4%

34.2% 35.5% 35.3% 34.6% 35.3% 35.6% 35.2% 33.7% 33.5%
12.5% 12.0% 11.2% 10.4% 10.1% 9.8% 9.6% 9.1% 8.7%
1.1% 1.1% 1.0% 1.1% 1.1% 1.1% 1.1% 1.2% 1.2%
41.9% 41.1% 41.3% 41.2% 40.8% 40.4% 39.5% 39.6% 40.4%
30.7% 30.7% 31.2% 31.7% 32.5% 32.2% 31.6% 32.1% 32.5%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.1%
3.9% 3.7% 3.7% 3.7% 3.6% 3.6% 3.4% 3.9% 4.3%
5.4% 5.1% 4.9% 4.6% 3.6% 3.6% 3.5% 2.9% 2.8%
2.0% 1.5% 1.5% 1.3% 1.1% 0.9% 0.9% 0.7% 0.7%
10.3% 10.4% 11.2% 12.7% 12.7% 13.1% 14.6% 16.3% 16.2%
10.2% 10.2% 10.8% 12.0% 11.9% 12.2% 13.5% 15.1% 15.0%
0.1% 0.2% 0.4% 0.6% 0.8% 1.0% 1.1% 1.2% 1.2%

91.5% 92.3% 92.5% 93.1% 94.1% 94.4% 94.4% 95.1% 95.3%

8.5% 7.7% 7.5% 6.9% 5.9% 5.6% 5.6% 4.9% 4.7%

(3%) 3% 6% 9% 3% 5% 5% 17% 18%

(0%) 4% 3% 6% 4% 5% 3% 11% 11%
2% 6% 5% 7% 5% 6% 4% 11% 12%
(0%) (2%) (1%) 2% 0% 2% 2% 8% 7%
(44%) (1%) 1% 12% 7% 2% 11% 36% 21%
(6%) 0% 6% 9% 2% 4% 2% 15% 20%
1% 3% 7% 11% 6% 4% 3% 16% 21%

(17%) (2%) 4% 10% 0% 6% 0% 26% 45%

(31%) (3%) 3% 2% (19%) 5% 2% (6%) (5%)
27% (20%) 4% (9%) (6%) (20%) 12% (9%) (13%)
(7%) 4% 14% 23% 3% 9% 17% 45% 31%
(7%) 3% 12% 22% 2% 7% 17% 46% 31%
-2% 55% 114% 75% 24% 33% 18% 41% 28%

(1%) 3% 6% 10% 4% 5% 5% 18% 19%

(25%) (7%) 3% 2% (13%) (0%) 6% 2% (1%)
Asset Quality FY18 FY19 FY20 FY21 FY22 FY23 Q1FY24
IIFL Finance - Consolidated
Gross NPA on loan book (%) 1.6% 1.7% 2.0% 2.0% 3.2% 1.8% 1.8%
Net NPA on loan book (%) 0.6% 0.5% 0.8% 0.9% 1.8% 1.1% 1.1%

Standard asset provision+SICR (₹ Cr) 496 460 458 944 867 930 893
NPA provision (₹ Cr) 314 367 369 392 452 304 324
Total provision coverage 162% 153% 129% 186% 123% 167% 159%
Specific provision coverage 63% 68% 58% 55% 42% 41% 42%

GNPA on loan book - Product wise split

GNPA on loan book (%) 1.7% 2.0% 2.3% 2.1% 3.2% 1.8% 1.8%
Home Loan 0.7% 0.8% 1.4% 1.5% 2.6% 1.9% 2.0%
Gold Loan 0.3% 0.2% 0.3% 0.6% 0.9% 0.8% 0.8%
LAP 0.9% 1.2% 2.5% 3.4% 4.8% 2.9% 2.7%
Digital Loan 2.7% 5.8% 7.2% 11.8% 9.7% 3.6% 3.4%
Microfinance 0.8% 0.5% 1.5% 1.8% 3.9% 2.1% 2.1%
CRE 2.4% 4.4% 5.0% 1.4% 4.3% 0.4% 0.4%
Capital Market 0.0% 1.5% 0.0% 0.0% 0.0% 0.0% 0.0%
Balance Sheet
IIFL Finance (Consolidated) IND AS IND AS IND AS IND AS IND AS IND AS IND AS
ASSETS (₹ Cr) FY18 FY19 FY20 FY21 FY22 FY23 Q1FY24
1 Financial Assets
(a) Cash and Bank Balances 1,490 2,522 3,216 4,784 8,157 5,839 5,350
(b) Receivables 40 2,054 30 193 199 273 154
(c) Loan Assets 28,716 27,377 28,535 33,533 33,693 40,001 41,847
(d) Investments 878 212 770 32 1,192 3,511 2,509
(e) Other financial assets 184 210 601 541 998 1,839 1,653
Total Financial Assets (A) 31,308 32,375 33,152 39,082 44,239 51,464 51,513

2 Non-Financial Assets
(a) Current & Deferred tax assets (Net) 496 459 455 574 520 361 242
(b) Property, Plant and Equipment etc. 333 375 609 682 781 890 898
(c) Other non-financial assets 15 29 158 329 370 286 252
Total Non-Finance Assets (B) 843 863 1,222 1,585 1,671 1,537 1,392

Total Assets (A)+(B) 32,151 33,239 34,373 40,667 45,910 53,001 52,905

LIABILITIES AND EQUITY (₹ Cr) FY18 FY19 FY20 FY21 FY22 FY23 Q1FY24
1 Financial Liabilities
(a) Payables 86 109 78 109 152 197 179
(b) Borrowings
- NCDs 15,662 12,136 10,873 10,632 10,406 11,128 9,815
- Others 11,139 14,381 16,845 21,632 25,319 28,476 28,671
(c) Other financial liabilities 1,285 2,028 1,635 2,567 3,345 2,486 3,115
Total Financial Liabilities (A) 28,172 28,654 29,431 34,940 39,223 42,287 41,780

2 Non-Financial Liabilities (B) 248 226 177 333 217 512 460

3 Equity & Reserves (C)

(a) Equity 76 76 76 76 76 76 76
(b) Reserves 3,656 4,283 4,690 5,318 6,394 10,126 10,589
Equity & Reserves (C) 3,731 4,359 4,766 5,393 6,470 10,202 10,665

Total Liabilities and Equity (A)+(B)+(C) 32,151 33,239 34,373 40,667 45,910 53,001 52,905
Capital Position
Rs In Cr FY18 FY19 FY20 FY21 FY22 FY23 Q1FY24
CRAR (IIFL Finance Standalone)
Tier I 14.97% 13.13% 13.13% 17.51% 16.02% 12.85% 13.04%
Tier II 1.35% 5.13% 4.42% 7.89% 7.83% 7.53% 7.57%
CRAR % 16.32% 18.26% 17.55% 25.40% 23.85% 20.38% 20.61%
Tier I Capital (Net Owned Funds) 2,642 2,206 1,924 2,648 2,434 2,442 2,607
Tier II Capital 238 861 647 1,193 1,190 1,432 1,514
Total Capital 2,881 3,067 2,571 3,841 3,624 3,875 4,121
Total Risk Weighted Assets 17,652 16,800 14,659 15,118 15,193 19,011 19,996

CRAR (IIFL Home Finance)

Tier I 13.06% 15.82% 18.35% 20.81% 21.05% 39.24% 42.95%
Tier II 4.11% 5.19% 5.37% 3.19% 9.44% 8.04% 8.27%
CRAR % 17.17% 21.02% 23.71% 24.00% 30.49% 47.29% 51.22%
Tier I Capital (Net Owned Funds) 1,140 1,467 1,604 2,124 2,196 5,082 5,332
Tier II Capital 359 482 469 326 985 1,042 1,027
Total Capital 1,499 1,948 2,073 2,449 3,180 6,124 6,359
Total Risk Weighted Assets 8,729 9,270 8,744 10,206 10,429 12,953 12,415

CRAR (IIFL Samasta Finance)

Tier I 15.16% 13.51% 20.91% 15.14% 15.85% 13.49% 14.01%
Tier II 1.75% 6.99% 4.96% 3.42% 1.98% 3.65% 5.96%
CRAR % 16.91% 20.51% 25.87% 18.56% 17.83% 17.14% 19.97%
Tier I Capital (Net Owned Funds) 104 247 485 599 869 1,098 1,161
Tier II Capital 12 128 115 135 109 297 494
Total Capital 116 375 601 734 978 1,395 1,654
Total Risk Weighted Assets 683 1,827 2,321 3,952 5,484 8,139 8,286
Business Update
Home loans FY18 FY19 FY20 FY21 FY22 FY23 Q1FY24 Home Loans Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24
Branch 127 127 127 125 225 386 397 Disbursements 1,591 2,132 1,814 1,951 1,882 2,428 1,880
Portfolio Yield (%) 9.6% 9.8% 10.3% 10.3% 10.0% 10.9% 11.2%
Salaried and Self Employed Mix (%)
Self Employed 52% 46% 42% 39% 37% 35% 35%
Salaried 48% 54% 58% 61% 63% 65% 65%
Onboarding ATS (₹ lacs) 22.0 18.0 14.8 15.8 16.4 14.3 14.0

Gold loans FY18 FY19 FY20 FY21 FY22 FY23 Q1FY24 Gold loans Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24
Branch presence 1,036 1,357 1,738 1,881 2,359 2,653 2,691 Disbursements 6,462 7,997 7,135 6,811 7,177 11,245 9,304
Tonnage 21.4 30.4 36.8 41.3 51.7 59.2 59.3
Portfolio Yield (%) 17.8% 18.1% 19.0% 18.0% 17.5% 17.5% 17.5%
Onboarding ATS (₹ '000s) 53 58 56 59 70 63 69

Digital Loan FY18 FY19 FY20 FY21 FY22 FY23 Q1FY24 Digital Loan Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24
Portfolio Yield (%) 19.9% 20.8% 19.9% 19.7% 20.6% 23.3% 23.3% Disbursements 466 661 693 716 501 898 911
Onboarding ATS (₹ '000s) 1.0 0.8 1.8 0.4 0.4 0.3 0.5

LAP FY18 FY19 FY20 FY21 FY22 FY23 Q1FY24 LAP Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24
Portfolio Yield (%) 14.2% 14.3% 14.8% 15.1% 16.1% 17.9% 18.3% Disbursements 504 743 561 720 792 982 640
Onboarding ATS (₹ lakhs) 77 33 21 7 10 5 7

MFI FY18 FY19 FY20 FY21 FY22 FY23 Q1FY24 MFI Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24
Branch presence 173 493 561 618 807 1,267 1,352 Disbursements 1,628 2,516 1,374 1,834 2,699 3,750 2,277
Portfolio Yield (%) 24.8% 23.4% 22.6% 22.3% 21.9% 23.8% 24.2%
MFI and non-MFI Mix (%)
MFI 100% 100% 97% 93% 90% 86% 85%
non-MFI 0% 0% 3% 7% 10% 14% 15%
Geo Presence (as on Q1 FY24)
AUM (₹ Cr) Home Loan Gold Loan LAP Digital Loan MFI Core Biz Home Loan Gold Loan LAP Digital Loan MFI Core Biz
PAN India 22,838 22,142 6,836 2,899 10,255 64,970 100% 100% 100% 100% 100% 100%
North 9,144 5,698 2,206 758 1,534 19,341 40% 26% 32% 26% 15% 30%
DELHI 3,459 982 802 258 - 5,501 15% 4% 12% 9% 0% 8%
UTTAR PRADESH 2,394 1,075 453 231 699 4,853 10% 5% 7% 8% 7% 7%
RAJASTHAN 1,219 1,629 366 102 833 4,150 5% 7% 5% 4% 8% 6%
HARYANA 887 1,237 295 87 1 2,507 4% 6% 4% 3% 0% 4%
PUNJAB 568 513 166 44 0 1,291 2% 2% 2% 2% 0% 2%
CHANDIGARH 451 9 100 19 - 579 2% 0% 1% 1% 0% 1%
UTTARAKHAND 165 228 25 11 - 430 1% 1% 0% 0% 0% 1%
HIMACHAL PRADESH - 25 - 4 - 30 0% 0% 0% 0% 0% 0%
JAMMU AND KASHMIR - - - 1 - 1 0% 0% 0% 0% 0% 0%
South 4,335 5,218 2,825 576 3,114 16,068 19% 24% 41% 20% 30% 25%
KARNATAKA 1,207 1,791 851 181 1,196 5,226 5% 8% 12% 6% 12% 8%
TELANGANA 1,448 1,681 818 156 - 4,103 6% 8% 12% 5% 0% 6%
TAMIL NADU 510 674 571 123 1,544 3,422 2% 3% 8% 4% 15% 5%
ANDHRA PRADESH 1,161 1,062 578 87 1 2,888 5% 5% 8% 3% 0% 4%
KERALA 6 - 1 28 355 391 0% 0% 0% 1% 3% 1%
PUDUCHERRY 3 10 6 2 17 38 0% 0% 0% 0% 0% 0%
ANDAMAN AND NICOBAR - - - 0 - 0 0% 0% 0% 0% 0% 0%
LAKSHADWEEP - - - 0 - 0 0% 0% 0% 0% 0% 0%
West 8,640 7,713 1,624 1,102 826 19,905 38% 35% 24% 38% 8% 31%
MAHARASHTRA 4,519 2,418 868 730 163 8,698 20% 11% 13% 25% 2% 13%
GUJARAT 2,485 4,418 319 285 240 7,746 11% 20% 5% 10% 2% 12%
MADHYA PRADESH 1,637 777 437 84 404 3,339 7% 4% 6% 3% 4% 5%
GOA - 63 - 2 18 83 0% 0% 0% 0% 0% 0%
DADRA AND NAGAR HAVELI - 37 - 1 - 39 0% 0% 0% 0% 0% 0%
DAMAN AND DIU - - - 0 - 0 0% 0% 0% 0% 0% 0%
East 718 3,512 182 462 4,781 9,656 3% 16% 3% 16% 47% 15%
WEST BENGAL 483 1,667 112 255 1,001 3,518 2% 8% 2% 9% 10% 5%
BIHAR - 253 - 57 2,390 2,700 0% 1% 0% 2% 23% 4%
ODISHA - 786 - 70 969 1,825 0% 4% 0% 2% 9% 3%
CHHATTISGARH 235 76 69 13 68 461 1% 0% 1% 0% 1% 1%
ASSAM 0 483 - 39 36 558 0% 2% 0% 1% 0% 1%
JHARKHAND - 96 - 21 274 390 0% 0% 0% 1% 3% 1%
TRIPURA - 152 - 2 35 189 0% 1% 0% 0% 0% 0%
MANIPUR - - - 2 - 2 0% 0% 0% 0% 0% 0%
MEGHALAYA - - - 1 - 1 0% 0% 0% 0% 0% 0%
NAGALAND - - - 1 - 1 0% 0% 0% 0% 0% 0%
ARUNACHAL PRADESH - - - 1 8 9 0% 0% 0% 0% 0% 0%
MIZORAM - - - 0 - 0 0% 0% 0% 0% 0% 0%
SIKKIM - - - 0 - 0 0% 0% 0% 0% 0% 0%