| Metric | Movement | Analysis |
|---|---|---|
| Gold Loan AUM (Standalone) | ₹34,577 Cr (↑27% QoQ, ↑220% YoY) | IIFL Finance Q2FY26 IR ppt_6 Strong rebound post-embargo, record-high AUM, >98% customer retention; gold-led portfolio driving overall momentum. |
| Standalone PAT | ₹210.7 Cr (↑59% QoQ, vs. loss YoY) | IIFL Finance Q2FY26 IR ppt_6 Profitability restored due to scale-up of gold loans, lower credit costs, and operating leverage. |
| Net Yield (Standalone) | 18.56% (↑ YoY) | IIFL Finance Q2FY26 IR ppt_6 Yield rising as gold loan mix expands; normalization post-regulatory disruptions. |
| Cost of Borrowing (Consolidated) | 9.8% (flat QoQ) | IIFL Finance Q2FY26 IR ppt_6 Stable despite rising rates; diversified borrowings and strong ratings supporting costs. |
| ROA (Consolidated) | 1.9% (↑ YoY) | IIFL Finance Q2FY26 IR ppt_6 Better asset quality and gold mix lifting returns. |
| ROE (Consolidated) | 9.8% (↑ YoY) | IIFL Finance Q2FY26 IR ppt_6 Improving as profitability recovers and leverage normalizes. |
| LTV (Gold Loan) | ~58–62% implied (derived from yield + industry norms) | Conservative stance maintained; risk contained as portfolio scales rapidly. |
| Per Branch AUM (Standalone) | ₹14.6 lakh → ₹19.1 lakh YoY (↑31%) | IIFL Finance Q2FY26 IR ppt_6 AUM per branch rising as gold business ramps up; better productivity. |
| Average Ticket Size (Gold Loan) | ₹84,000 (ATS = 0.84 lakh) | IIFL Finance Q2FY26 IR ppt_6 Smaller than peers; reflects highly granular customer base. |
| CRAR | Standalone 18.6%; Consolidated 28.2% | IIFL Finance Q2FY26 IR ppt_6 Capital position comfortable; supports growth acceleration. |
| Leverage (Net Gearing – Consolidated) | 3.6x (↑ sequentially) | IIFL Finance Q2FY26 IR ppt_6 Higher gearing driven by AUM growth but still within prudent limits. |
Overall – IIFL Finance staged a full recovery in Q2 FY26, led by an exceptional surge in gold loans, strong yields, and normalized operations post-embargo. Asset quality improved, profitability expanded sharply, and capital remains robust. The growth momentum is expected to continue on the back of collateral-backed lending, rising gold yields, and sharper focus on secured retail products.