IIFL Finance Ltd. approved the sale of NCDs of up to Rs 350 crore in an exchange filing (September 2, 2026) on Wednesday.
The company's board of directors approved the assignment of 35,000 secured, listed, rated and redeemable non-convertible debentures, each carrying a face value of Rs 1 lakh. The total amount of the issue is Rs 350 crore.
The NCDs are allocated on September 2, 2026. The company said that the securities will mature on September 1, 2028.
Interest Payment Schedule
The NCDs have been arranged with principal and interest payment dates. The principal and interest payment is on September 2, 2027, and another payment is due on the maturity date.
As secured, listed, rated and redeemable instruments, the NCDs form part of IIFL Finance’s funding strategy and provide the company with access to debt capital markets.
IIFL Finance Q1 FY27 Performance
The NCD allotment comes on the heels of a strong first quarter performance for IIFL Finance.
For the quarter ending June 30, 2026, the non-bank lender reported a 189.3% year-on-year increase in consolidated net profit. The profit rose to Rs 675.1 crore in Q1 FY27 as against Rs 233.4 crore in the corresponding quarter of the previous financial year.
The company also saw significant growth in net interest income (NII). NII increased 54.8 percent year-on-year to Rs 2,003.9 crore, from Rs 1,294.7 crore in the year-ago quarter.
At the same time, provisions declined to Rs 294.2 crore, as compared to Rs 512.5 crore in the same period last year. Lower provisions and higher net interest income in the quarter helped in the profitability of the firm.
On a pre-non-controlling interest (pre-NCI) basis, IIFL Finance reported profit after tax (PAT) of Rs 713.1 crore in Q1 FY27, a 160% year-on-year improvement and a 14% increase over the previous quarter.
IIFL Finance Share Price Performance
IIFL Finance shares were largely unchanged on the NSE in Wednesday's trading session.
Although the share price has shown a weak response on the day, the stock has actually enjoyed some returns over time. IIFL Finance shares are up 4.81% so far in 2026 and up 46% in the past 12 months.
The company’s latest NCD allotment and quarterly performance come at a time when its improving profitability and funding activities remain key areas of interest for investors tracking the non-banking financial sector.
The Rs 350-crore NCD allocation will help IIFL Finance to increase its debt-raising as it is still dealing with some funding requirements and lending.
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