Q3 Results: IIFL Finance profit up multifold to ₹501 crore, stock tanks 13% on I-T deptt directive

New Delhi: IIFL Finance, an NBFC providing gold loans and business loans, on Thursday said its December quarter net profit has increased exponentially. ₹501 million lira compared to the same period of the previous year.

profit a year ago ₹82 crore.

IIFL Finance said the Income Tax Department has directed the company to audit its accounts during a specified block period under Section 142(2A) of the Income Tax Act, 1961 and appoint a “special auditor” for the purpose.

In a regulatory filing, IIFL Finance said the ministry’s January 21 directive was “linked to ongoing assessment proceedings and procedural in nature”.

The statement said, “There is no judgment or determination against the company within the scope of the communication in question, and no financial impact can be detected at this stage.”

Additionally, the company received two orders from the Goods and Services Tax departments of Bihar and Gujarat, imposing penalties of over Rs 100,000. ₹13 crore.

Shares of IIFL Finance closed down 13.15 percent ₹540.80 per person in BSE.

Gold loan asset under management (AUM) has almost tripled, IIFL Finance said in a statement. ₹43,432 crore demonstrates strong momentum supported by healthy tonnage growth and stable asset quality.

Mortgage loan AUM increased by 5 percent annually ₹31,893 crore, MSME loan AUM up 17 percent ₹10,081 crore, while microfinance loan AUM fell by 19 percent ₹8,360 crore in the third quarter ended December 31, 2025.

Nirmal Jain, Founder and Managing Director, IIFL Finance, said: “Going forward, our AI-led operating framework, digital distribution network and strong risk and compliance discipline will continue to be at the core of delivering consistent performance and long-term value creation.”