Analysts/Institutional Investor Meet/Con. Call Updates

July 28, 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 July 16, 2026 regarding the earnings conference call for the quarter ended June 30, 2026, please find annexed herewith transcript of the said earnings conference call which was held on July 22, 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on the website of the Company i.e. https://www.iifl.com/iifl- finance/financial Further, we hereby confirm that no unpublished price sensitive information was shared or discussed during the said earnings conference call.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 The Signature, Building No.13B, GIFT SEZ, 1201, Brigade International Financial Centre GIFT City, Gandhinagar, Gujarat - 382355 12th floor, Block-14, Road 1C, Zone -1, GIFT SEZ, Gandhinagar, Gujarat – 382355 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 Q1 FY27 Earnings Conference Call” July 22, 2026 MANAGEMENT: MR. NIRMAL JAIN –MANAGING DIRECTOR – IIFL FINANCE LIMITED MR. VENKATESH. N – MD – IIFL SAMASTA FINANCE LIMITED MR. GIRISH KOUSGI – MD AND CEO- IIFL HOME FINANCE LIMITED MR. VIKAS JAIN – CHIEF FINANCIAL OFFICER – IIFL FINANCE LIMITED Page 1 of 17 IIFL Finance Limited July 22, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the IIFL Finance Limited Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in 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 and then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference call over to the management for the opening remarks. Thank you, and over to you. Vikas Jain: Good evening, everyone. I welcome you all in the IIFL Finance Investor Conference presentation call. My name is Vikas Jain, CFO, IIFL Finance. We have today Mr. Nirmal Jain, MD of IIFL Finance; Mr. Girish, who is the CEO of IIFL Home Finance; and Mr. Venkatesh N., who is the CEO of IIFL Samasta Finance. Now I will hand over to Mr. Nirmal Jain for macro and strategic overview for the quarter. Nirmal Jain: Thank you, Vikas. Good evening, everyone, and thank you for joining us today. So on the macro backdrop, the West Asia situation has reignited over the last 2 weeks after the June ceasefire framework, keeping crude and shipping volatile. RBI held the repo rate at 5.25% in June with a neutral stance, but it trimmed FY27 growth outlook to 6.6% and nudging inflation up to 5.1% on account of geopolitical and external pressures. However, domestic credit demand, particularly in retail and MSME has remained structurally resilient regardless. Coming to our main core business, gold prices despite corrections have been elevated through this period of uncertainty and while that has supported our growth and which has been credit- led growth as well. But we are equally mindful that a sharp correction is a real tail risk in this environment, and we are, therefore, consciously focused on maintaining loan-to-value discipline and collection. Turning to performance. So in the quarter, our return on equity annualized is close to 20%, i.e 19.5%. Return on asset is 3.1%. And on a book that is nearly 90% secured, our AUM has crossed INR1.15 lakh crores, is up 38% on a year-on-year basis. Gold loan has remained our primary engine. But as I said, we are managing growth deliberately. Our home finance and microfinance businesses typically have a first quarter comparatively slower, but both these businesses are structurally on track, and we expect the trajectory to strengthen through the rest of the year. Our co-lending continues to scale a bit slower than our plan in the first quarter, but now with 15 active bank partners, we expect it to gather momentum. Also, our AI-led operating model is moving from pilot to measurable impact across collection, fraud detection, frontline productivity and so on. Also, the Board has approved an enabling resolution for fresh equity, which is subject to shareholders' approval in the day after tomorrow's AGM, which will give us flexibility to raise capital during the year as and when needed. So in summary, this was a quarter where our profitability and operations are back to their natural levels. And from here on, we expect organic growth to continue and also AI and operating leverage to support the profitability acceleration in the near future. With this, I'll hand over to Vikas for the detailed numbers. Thank you. Page 2 of 17 IIFL Finance Limited July 22, 2026 Vikas Jain: Thank you, sir. To start with the financial numbers for the quarter. For the quarter, IIFL Finance profit after tax before non-controlling interest was INR713 crores and up by 14% on quarter-on- quarter basis. We recorded pre-provision operating profit of INR1,252-odd crores, up by 50% Y-o-Y basis and 7% on a quarter-on-quarter basis. For the quarter, consolidated loan AUM grew by healthy 38% Y-o-Y and was up 7% on quarter-on-quarter basis at INR1,15,523-odd crores driven by gold loans close to around INR58,406 crores. Further dissecting the AUM, our core product loan AUM comprising home loan, gold loans, MSME loans and microfinance up by 43% Y-o-Y and was up 8% quarter-on-quarter basis to INR1,11,717-odd crores. This segment now comprises 96.7% of our overall AUM mix. On the asset quality side, our gross NPA stood at 1.6% and net NPA stood at 0.8%, both of which are stable and slightly up by 9 basis points from the quarter-on-quarter basis. The company maintains a cautious stance on unsecured MSME and MFI segments focused on recovery and collections. Happy to inform that provision coverage ratios on NPA stand at 94%. The assigned loan book stands at INR26,118 crores, up by 73% on Y-o-Y basis and up by 10% on a quarter-on-quarter basis. Besides this, there are co-lending assets of INR14,647 crores, which is up by 27% and 20% on a quarter-on-quarter basis. Quarterly average cost of borrowing has decreased by 3 basis points on a quarter-on-quarter to 9.13% and 33 basis points on a Y-o-Y basis. A brief update on liquidity. During the quarter, we have raised INR17,183 crores through term loans, bonds, commercial paper and INR5,283 crores was raised through direct assignment on loans. Our cash and cash equivalents and committed credit lines from the banks and institutions is INR7,148 crores are adequate to meet not only the near-term liability, but also to fund our growth momentum. We have a positive ALM, whereby inflows covers or exceeds our expected outflow across all buckets and net gearing is at 4.0x. Our ROE for the quarter stood at 19.5% and while ROA stood at 3.1%. Basic earnings per share for the quarter is INR15.9 per share. As of June 2026, our capital adequacy ratio for NBFC is 17.1%, HFC 41.7% and for Samasta [Showing first 8,000 characters — download PDF for full document]