IIFL Capital Services Ltd. reported its unaudited financial results for the quarter and half-year ended September 30, 2026. For the second quarter of FY27, the company’s Profit After Tax surged by 49% year-on-year to ₹127 crore. Operating revenues saw a 22% increase. The company also announced strategic plans, including the incorporation of an NBFC subsidiary and leadership succession.
IIFL Capital Reports Strong Q2 FY27 Financials
IIFL Capital Services Ltd. (formerly IIFL Securities Ltd) announced its consolidated financial results for the quarter and half-year ended September 30, 2026. The company demonstrated robust performance, with consolidated operating revenues for the quarter rising 14% quarter-on-quarter and 22% year-on-year to ₹722 crore.
Operating profit before tax for the quarter stood at ₹206 crore, an increase of 38% Q-o-Q and 25% Y-o-Y. Profit After Tax for the quarter reached ₹127 crore, up significantly by 49% compared to the same period last year, despite a 31% sequential decline.
For the half-year ended September 30, 2026, revenue from operations grew 12% Y-o-Y to ₹1,353 crore. Profit After Tax for the half-year increased by 19% Y-o-Y to ₹311 crore.
Key Business Highlights
As of September 30, 2026, total assets under management stood at ₹2,64,154 crore. The average daily market turnover for the broking business was ₹3,05,073 crore, a decrease of 3% Q-o-Q but an increase of 16% Y-o-Y. Financial Product Distribution AUM grew by 6% Q-o-Q to ₹60,772 crore.
In Investment Banking, the division completed 28 deals across capital markets and private placement/advisory in Q2FY27. The company highlighted its robust deal pipeline with multiple transactions in various stages of execution.
Strategic Initiatives
IIFL Capital is set to incorporate a wholly owned subsidiary to apply for an NBFC license. This move aligns with the company’s strategy to expand its financial services, focusing on developing dedicated lending and credit capabilities for high-net-worth and ultra-high-net-worth clients. The subsidiary aims to offer structured lending solutions, including financing against financial assets and promoter funding.
Furthermore, the Board has approved the appointment of Mr. Vasudev Jagannath as Additional Director and Whole-time Director. He is slated to be re-designated as Managing Director effective January 1, 2027, as part of the company’s leadership succession plan. Mr. R. Venkataraman will continue to serve on the Board of Directors.
The company also noted the progress on the change in control transaction with FIH Mauritius Investments Ltd and its affiliate (“Fairfax”), which is acquiring up to 51% stake through a preferential allotment and open offer, subject to statutory timelines and regulatory approvals.
Source: BSE
