IIFL Finance profit rises 9%, gold loans hit record

IIFL Finance Limited reported consolidated profit after tax of ₹274 crore for Q1FY26, a 9% sequential increase, with assets under management growing 7% to ₹83,889 crore.

Gold loan AUM reached an all-time high of ₹27,274 crore, a 30% quarter-on-quarter increase, driving the company's robust recovery.

Key leadership appointments include Mayank Sharma as chief AI & innovation officer, K.S. Praveen as head of audit assurance, and Binay Mishra as head of legal.

The Reserve Bank of India approved 500 new branches across India and 10 in Jammu & Kashmir to support growth.