IIFL Finance Q3 profit up multifold to ₹501 crore; scrip tanks 13% on I-T department directive

IIFL Finance, an NBFC providing gold loans and business loans, on Thursday (January 22, 2026) said its December quarter net profit grew multifold to ₹501 crore as compared to the year-ago period.

A year ago, the profit was ₹82 crore.

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

In a regulatory filing, IIFL Finance said the directive from the department dated January 21 is “in connection with ongoing assessment proceedings and is procedural in nature”.

“There is no adjudication or determination against the company under the said communication, and at this stage no financial impact can be ascertained,” it said.

Besides, the company has received two orders from the Goods and Services Tax departments of Bihar and Gujarat imposing penalty of over ₹13 crore.

Shares of IIFL Finance tanked 13.15% to close at ₹540.80 apiece on the BSE.

In a statement, IIFL Finance said its gold loan asset under management (AUM) almost tripled to ₹43,432 crore demonstrating a strong momentum supported by healthy tonnage growth and stable asset quality.

Home loan AUM grew 5% YoY to ₹31,893 crore, MSME loan AUM rose 17% to ₹10,081 crore, while microfinance loan AUM dipped 19% at ₹8,360 crore during the third quarter ended December 31, 2025.

IIFL Finance founder & managing director, Nirmal Jain said, “Going forward, our AI-led operating framework, phygital distribution network, and strong risk and compliance discipline will remain central to delivering consistent performance and long-term value creation”.