IIFL Finance Limited (NSE: IIFL), a leading retail-focused NBFC, announced its financial results for the quarter ended September 30, 2026, showcasing strong growth and robust profitability. The company reported a Profit After Tax (PAT) of ₹805.0 Cr, marking a 93% year-on-year growth, driven by its secured lending strategy and improved operating efficiency.

Performance Overview

IIFL Finance delivered a robust quarter with consistent growth across its core businesses. Total income rose 23% year-on-year to ₹2,339.6 crore, while pre-provision operating profit increased 31% YoY to ₹1,355.1 crore. Profit before tax rose 93% YoY to ₹1,073.7 crore, supported by operating leverage and lower loan losses and provisions.

Key Highlights

Consolidated Assets Under Management (AUM) grew to ₹1,24,268 Cr, up 8% quarter-on-quarter and 38% year-on-year. The Return on Equity (ROE) stood at 20.1% (annualized for H1FY27), reflecting strong gold and mortgage franchises, lower credit costs, and improved operating efficiency. The company also completed a ₹25 crore tokenised bond transaction, becoming the first Non-PSU NBFC in India to undertake such a transaction.

The company continues to focus on its strategy of ‘Resilient, Capital-Efficient Growth’ anchored on secured lending focus, expansion in underserved MSME and Bharat segments, AI-led operating model, and branch-led distribution with hyperlocal sourcing.

As the company enters the rest of FY27, it remains well-positioned to fund growth while maintaining balance-sheet resilience and capital discipline.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of IIFL Finance Limited

IIFL Finance Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.

IIFL posts a 4.9% three-month gain, but softens in the last few weeks. The PEG reaches 3.62, hard to justify given the growth. The market prices in a turnaround that has not arrived. D/E reaches 3.69. High leverage in this environment is a material risk the market cannot ignore. The stock gives back 1.0% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 13.6% CAGR and the PEG stands at 3.62. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of IIFL Finance Limited.

Fedbank Financial Services Limited (FEDFINA) has announced its financial results for the second quarter of FY27, showcasing a robust performance with a 63.1% year-on-year increase in Profit After Tax (PAT). The company, a leading retail-focused NBFC specializing in Loan Against Property and Gold Loans, reported a PAT of ₹130.8 Cr for Q2 FY27, up from ₹80.2 Cr in the same quarter last year. This impressive growth is supported by a 37.4% YoY increase in net interest income to ₹403.7 Cr and a 47.5% YoY rise in operating profit to ₹205.1 Cr.

Financial Highlights

FEDFINA’s Asset Under Management (AUM) increased by 36.6% YoY to ₹22,035 Cr in Q2 FY27, while disbursements grew by 28.3% YoY to ₹6,676 Cr. The company’s net interest income grew by 38.3% YoY to ₹404.8 Cr, and the return on average equity (ROE) stood at 17.0%, reflecting strong financial health.

Operational Growth

The company’s operational efficiency is evident with a 9.8% QoQ increase in branches, bringing the total to 831 across 18 states and union territories. The employee count also rose by 10.1% QoQ to 5,920, highlighting FEDFINA’s expansion and commitment to its workforce.

As FEDFINA continues to empower emerging India with easy access to loans, its strong financial and operational performance underscores its leadership in the NBFC sector. Looking ahead, the company remains focused on delivering sustainable growth and value to its stakeholders.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Fedbank Financial Services Limited

Fedbank Financial Services Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.

Fedbank gains 15.6% over three months and trades near its 52-week highs. The PEG of 0.75 signals undervaluation relative to growth. It is a potential re-rating candidate. D/E reaches 4.10. High leverage in this environment is a material risk the market cannot ignore. The stock trades at 75% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. Both the business and the stock move in the right direction. Revenue grows at 24.2%, profits at 24.0%, and the PEG sits at 0.75 — below its growth rate. That combination is rare. Check Fundamentals of Fedbank Financial Services Limited.

HDB Financial Services Limited (HDBFS) has announced its unaudited financial results for the quarter ended September 30, 2026. The company reported a Profit After Tax (PAT) of ₹780 crores, marking a significant growth of 34.2% year-on-year (YoY). Additionally, disbursements for the quarter stood at ₹18,522 crores, reflecting an 18.7% increase compared to the same period last year. Moreover, the board of directors has declared an interim dividend of ₹2 per equity share.

Financial Performance Highlights

The company’s net interest income for Q2 FY27 was ₹2,534 crores, showing a 15.6% increase YoY. Net total income rose by 11.8% to ₹3,188 crores. The pre-provisioning operating profit increased by 15.9% to ₹1,774 crores. Loan losses and provisions decreased by 2.5% to ₹730 crores. Profit before tax grew by 33.4% to ₹1,044 crores.

Asset Growth and Loan Book

The asset under management (AUM) grew by 11.6% to ₹1,24,638 crores. The gross loan book increased by 11.7% to ₹1,24,469 crores. Notably, the gross Stage 3 loans decreased to 2.43% from 2.81% a year ago, while net Stage 3 loans fell to 1.09% from 1.27%.

As a result, the provision coverage on Stage 3 assets improved to 55.00% from 54.73%. The company’s return on average assets (annualized) stood at 2.4%, and earnings per share (EPS) for the quarter were ₹9.4.

HDB Financial Services Limited continues to expand its distribution network, now spanning 1,701 branches across 1,156 cities/towns, offering a wide range of lending products through its three business verticals: Enterprise Lending, Asset Finance, and Consumer Finance.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of HDB Financial Services Limited

HDB Financial Services Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.

HDB rises 10.3% over three months, with buying pressure holding steady. Industry-leading margins of 28.8% reflect exceptional pricing power and operational efficiency. The PEG of 2.47 is on the high side. However, it is acceptable for a quality compounder with a strong moat. Buyers show up with 3.4x the volume of sellers. Moreover, they dominated on 17 of recent sessions versus 13 for sellers — a healthy accumulation pattern. The business grows revenue at 14.0% and profits at 9.1%, with D/E of 0.00. The stock reflects that strength. Moreover, when fundamentals and price action align, the PEG of 2.47 premium is usually justified. Check Fundamentals of HDB Financial Services Limited.