IIFL Finance Q1 FY25 profit declined 28% to Rs 338 crore due to RBI's halt on gold loan disbursements.
IIFL Finance experienced a 28% decline in Q1 FY25 consolidated profit to Rs 338 crore due to RBI's halt on gold loan disbursements. Although total income increased to Rs 2,625 crore, expenses surged, resulting in asset quality deterioration, with gross NPAs rising to 2.25% from 1.8%. The gold loan book declined 33% YoY to Rs 14,727 crore, while retail home loans and microfinance loan AUMs increased.
August 06, 2024
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