Analysts/Institutional Investor Meet/Con. Call Updates

October 22, 2026 The Manager, The Manager, Listing Department, Listing Department, BSE Limited, The National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot C/1, G Block, Dalal Street, Bandra - Kurla Complex, Bandra (E), Mumbai 400 001 Mumbai 400 051 BSE Scrip Code: 532636 NSE Symbol: IIFL Subject: Earnings conference call transcript Dear Sir/Madam, Pursuant to the Regulation 30 read along with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and further to our earlier intimation dated October 9, 2026, regarding the earnings conference call for the quarter and half year ended September 30, 2026, please find annexed herewith transcript of the said earnings conference call which was held on October 15, 2026. The same is also made available on the website of the Company i.e. https://www.iifl.com/iifl- finance/financial Further, we hereby confirm that no unpublished price sensitive information was shared or discussed during the said earnings conference call. Kindly take the same on record and oblige. Thanking You, For IIFL Finance Limited Samrat Sanyal Company Secretary & Compliance Officer ACS – 13863 Email ID: csteam@iifl.com Place: Mumbai Encl: as above India International Exchange (IFSC) Limited NSE IFSC Limited 1st Floor, Unit No. 101, The Signature Building Unit-1201, 12th Floor, Brigade International No. 13B, Road 1C, Zone 1, GIFT SEZ, Financial Centre, Block 14, Road 1C, Zone 1, GIFT GIFT City, Gandhinagar, Gujarat – 382050 SEZ, GIFT City, Gandhinagar, Gujarat – 382050 IIFL Finance Limited CIN No.: L67100MH1995PLC093797 Corporate Office – 802, 8th Floor, Hubtown Solaris, N.S. Phadke Marg, Vijay Nagar, Andheri East, Mumbai 400069 Tel: (91-22) 6788 1000. Fax: (91-22) 6788 1010 Regd. Office – IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, Thane Industrial Area, Wagle Estate, Thane – 400604 Tel: (91-22) 41035000. Fax: (91-22) 25806654 E-mail: csteam@iifl.com Website: www.iifl.com “IIFL Finance Limited Q2 FY '27 Earnings Conference Call” October 15, 2026 MANAGEMENT: MR. NIRMAL JAIN – MANAGING DIRECTOR – IIFL FINANCE LIMITED MR. VIKAS JAIN – CHIEF FINANCIAL OFFICER – IIFL FINANCE LIMITED MR. R. VENKATARAMAN – NON-EXECUTIVE DIRECTOR – IIFL FINANCE LIMITED MR. GIRISH KOUSGI –MD AND CEO– IIFL HOME FINANCE LIMITED MR. VENKATESH N. – MD – IIFL SAMASTA FINANCE LIMITED Page 1 of 21 IIFL Finance Limited October 15, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the IIFL Finance Q2 FY '27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star, then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference call over to Mr. Vikas Jain, CFO of IIFL Finance Limited. Thank you, and over to you, sir. Vikas Jain: Yes. My name is Vikas Jain, CFO of IIFL Finance. Thank you very much, and a warm welcome to all the ladies and gentlemen who have joined us today for IIFL Finance Q2 FY '27 Investor Conference presentation call. Joining us on today's call are Mr. Nirmal Jain, our Founder and Managing Director; Mr. R. Venkataraman, our Co-Founder and Non-Executive Director; Mr. Girish Kousgi, CEO of IIFL Home Finance; and Mr. Venkatesh N, MD of IIFL Samasta Finance. During this call, we will take you through the company's performance for the second quarter and half year ended September 30, 2026. Before we discuss the detailed financial and operational performance, I would like to hand over the call to Mr. Nirmal Jain, who will share his perspective on the macroeconomic environment, key industry developments and the company's strategy and outlook. Nirmal Jain: Thank you, Vikas. Good evening, everyone, and thank you for joining us. So let's start with the macro environment. Macro backdrop remains very supportive of retail credit in India, but it is not without uncertainty. While domestic demand is steady, formal credit penetration in small towns and areas where we operate in is still very low. At the same time, global uncertainty, volatile oil prices or commodity prices and tight funding conditions means that balance sheet strength, asset quality, diversified funding and liquidity matter most than ever before. And in this environment, we have chosen to grow with discipline, keeping adequate liquidity and strict control on asset quality. Now to the quarter. So our AUM crossed INR1.24 lakh crores, which is a growth of 38% Y-o-Y and 8% sequentially Q-o-Q. Profit after tax on a consolidated basis was INR805 crores, first time crossing the milestone of INR800 crores, up 13% quarter- on-quarter and 93% year-on-year. What is important is our gross NPA have improved and they remain at around 1.5%. Our return on equity now on a consolidated basis is above 20%, what has been our target. The book is about 90% secured now. And our liquidity is significantly higher than what normally we keep given the global environment and uncertainty as well as liquidity tightening expected in local market at INR13,805 crores on a group basis. Our capital adequacy on a computed basis is 23.5%, but we can discuss individual companies separately. So our strategy remains resilient capital-efficient growth and that's based on 6 pillars. One, secured lending as we have pivoted to secured lending, and that is already now 90% of our total AUM, and we will intend to endeavor to maintain it at these levels. Second is Capital-Light Growth. So our off-book AUM is 34% of our total loan assets. The 18 banks that are active co-lending partners now, many of these relationships have started recently Page 2 of 21 IIFL Finance Limited October 15, 2026 and will scale up. We have originated in the last 10 years, over INR1.7 lakh crores loans which are either assigned to banks or co-lent. Third is our funding and liquidity. Fitch upgraded our rating to BB-. We raised $300 million social bond. We also did a small issue for the first time of the tokenized bonds. More importantly, liquidity is already over INR13,000 crores, which is all-time high. In -- the previous quarter, we have taken enabling resolution from our shareholders to raise equity, which will further strengthen our balance sheet as we go along. Fourth, AI is part of how we operate. And I think many of projects have moved ahead of pilot and they have been deployed with reasonable success. Fifth is branch-led distribution. I mean, our strategy remains digital because our goal that customer pledges with us has to be physically stored in aggregate, including gold loans, microfinance, we have more than 5,000 branches now. And primarily serving underserved customers across the country. Sixth is our credit and cost discipline. As you'll see in our numbers that we are trying to make sure that our credit cost and the operating costs move southward in relation to our loan assets and which will help us strengthen our balance sheet further. Looking ahead, we are confident that this momentum will continue through FY '27 and will remain disciplined on asset quality and capital. Thank you. With this, I hand over to -- I hand it back to Vikas to take you through the financial details. Vikas Jain: Yes. Thank you, Nirmal Sir. Now I'll take you through the detailed financial and operational performance for the quarter. Overall, quarter 2 financial year '27 reflects the strong business momentum, improved profitability, continued progress towards our building a secured and capital-efficient portfolio. We remain conscious on the significant portion of recent growth has come from the gold loans. Capital adequacy, liquidity portfolio concentration and risk control, therefore, remains an important area of focus. Coming to the consolidated financial performanc [Showing first 8,000 characters — download PDF for full document]