The order was issued by the Joint Commissioner of Income Tax (OSD), Central Circle 4(4), Mumbai. The company received the assessment order on May 12, 2026, it stated.
IIFL Finance expressed confidence in having fulfilled all relevant tax obligations and claims to have sufficient factual and legal grounds to back its stance. It also mentioned that it does not anticipate any significant impact on its financial performance or operations as a result of the order.
Also Read: IIFL Finance shares decline 9%, marking the largest drop in three months, turning negative for April
The company is assessing its options and plans to file appeals against the order according to applicable laws.
Fourth Quarter Results
IIFL Finance’s net profit surged to ₹586.8 crore from ₹207.7 crore the previous year. Revenue experienced a year-on-year increase of 42.5%, reaching ₹3,693 crore compared to ₹2,591.2 crore last year. Asset quality improved during the quarter, with gross NPAs decreasing to 1.5%, down 14 basis points sequentially, while net NPAs settled at 0.7%, down 2 basis points QoQ.
Gold loans were the primary growth driver, with AUM soaring to ₹52,581 crore, up 150% year-on-year and 21% quarter-on-quarter, while maintaining strong asset quality with GNPA at 0.35%. The home finance segment also showed stability, with AUM at ₹40,075 crore and GNPA improving to 1.2%.
The company stated that it has “significantly strengthened our balance sheet, improved asset quality, and developed a scalable operating model based on AI and co-lending partnerships,” positioning itself well for “sustainable, high-quality growth” in FY27.
Also Read: IIFL Finance shares rise post strong Q4; see price target adjustments
Shares of IIFL Finance Ltd closed at ₹445.05, down ₹17.85, or 3.86%, on the BSE.
(Edited by : Jomy Jos Pullokaran)
First Published: May 12, 2026 11:19 PM IST
