Financial Services company IIFL Finance announced Q2FY25 results Net loss after tax of Rs 93 crore (before non-controlling interest) down 118% YoY. Loss before tax (LBT) for the quarter was Rs 140 crore down 120% YoY. Home loans grew by 21% and loan against property AUM grew by 18% Microfinance was stagnant on YoY basis while digital loans grew by 53% YoY Gold loans de-grew by 54% YoY Overall loan AUM de-grew by 8% YoY to Rs 66,964 crore. The company’s annualized ROE and ROA for Q2FY25 stood at (5.3%) and (0.7%) respectively. GNPA stood at 2.4% up by 51 bps YoY and NNPA stood at 1.1% up 3 bps YoY, as at September 30, 2024. Total CRAR stood at 26.3% as at September 30, 2024, as against minimum regulatory requirement of 15% supported by the capital raised during the quarter. Nirmal Jain, Managing Director, IIFL Finance, said: “This past quarter has been one of our most challenging, primarily due to the regulatory embargo on our gold loan business. We have taken corrective actions that have satisfied the regulatory authorities, and I’m pleased to announce that the embargo has now been lifted. Although this quarter has seen our lowest financial performance, I believe the worst is behind us. We are committed to not only restoring these standards but also strengthening them moving forward. I am proud of the dedication and resilience shown by our teams, who have remained steadfast in their commitment to our long-term success during these difficult times. Our fortified compliance framework, robust distribution network, combined with our advanced technology platforms, positions us well to recover and grow stronger than ever." Kapish Jain, President & Group Chief Financial Officer, IIFL Finance, said: “With the lifting of the embargo in the gold loan business we are back to business normalcy across all our businesses. During this challenging phase we were well supported by all our stakeholders more particularly our lenders, rating agencies, our loyal customers, our employee and last but not the least our Board of Directors. We are also immensely grateful to the Reserve Bank of India for guiding us during this period and help us getting our house back in order.” Result PDF