The company's annualized ROE and ROA for Q4FY23 stood at 19.3% and 3.6% respectively. Pre-provision operating profit stood at Rs 766 crore for the quarter, up 17% y-o-y. Average borrowing costs for the quarter increased 38 bps q-o-q and 14 bps y-o-y to 8.9%. The company said that 95% of its loans are retail in nature and 67% of retail loans (excluding gold loans which are not classified as PSL loans) are PSL compliant. The assigned loan book, currently at Rs 16,979 crore. Besides, there are securitized assets of Rs 736 crore. Apart from securitization and assignment, co-lending book is at Rs 7,557 crore.

GNPA stood at 1.8% down from 2.1% q-o-q and NNPA stood at 1.1% steady q-o-q, as at 31 March 2023. With implementation of Expected Credit Loss under Ind AS, provision coverage on NPAs stands at 167%. Total CRAR stood at 20.4% as at 31 March 2023, as against minimum regulatory requirement of 15%. The total presence of branches stood at 4,267 as at the end of quarter.

At the end of the quarter, retail home loan assets grew by 23% y-o-y and 7% q-o-q to Rs 21,800 crore. As of 31 March 2023 the gold loan AUM grew to Rs 20,733 crore, showing a strong growth of 28% y-o-y and 13% q-o-q.

The microfinance loan AUM stood at Rs 9,786 crore, up 59% y-o-y and 25% q-o-q, as at 31 March 2023. Loan against property AUM grew by 18% y-o-y and 8% q-o-q to Rs 6,671 as at 31 March 2023. Digital loans AUM grew by 33% y-o-y to Rs. 2,512 as at 31 March 2023. Construction and real estate AUM stood at Rs 2,694 crore, down 7% y-o-y as at 31 March 2023.

In FY23, profit after tax (post NCI) rose 26% to Rs 1,500.3 crore and total income rose 31% to Rs 5,077.1 crore. Net interest income jumped 27% to Rs 3,018.3 crore.

Cash and cash equivalents and committed credit lines from banks and institutions of Rs 9,356 crore were available as on 31 March 2023.

Nirmal Jain, managing director, IIFL Finance, remarked on the financial results: “We are pleased to report a robust performance across all core loan products. We ended the year with loan AUM of over ₹64,000 crores and net profit (pre NCI) of over ₹1,600 crores. The demand for affordable home loans and MSME loans is expected to accelerate with revival in the business sentiment. We have expanded the branch network and invested aggressively in technology over the last two years. Having done the hard work, we expect to reap rewards of the investment from the current year."

Kapish Jain, group chief financial officer, IIFL Finance, commented on the financial results: "The consistency in our financial performance confirms the robustness of our business model and our asset light strategy driven in partnership with banks and financial institutions."

Meanwhile the company's board approved an enabling annual resolution for raising upto Rs 10,000 crore through issue of non-convertible debentures, on a private placement basis, subject to shareholders' approval.

IIFL Finance is one of the leading retail focused diversified NBFC in India, engaged in the business of loans and mortgages along with its subsidiaries - IIFL Home Finance and IIFL Samasta Finance. IIFL Finance, through its subsidiaries, offers a wide spectrum of products such as home loan, gold loan, business loan, microfinance, capital market finance and developer & construction finance to a vast customer base of over 8 million+ customers. IIFL Finance has widened its pan-India reach through extensive network of branches spread across the country and various digital channels.

Shares of IIFL Finance was down 0.50% to Rs 471.70 on the BSE.