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Earnings Call

IIFL Capital Services Earnings Call: Key Takeaways

IIFL Capital reports flat FY26 revenue as regulatory changes and employee cost spikes offset growth in investment banking and distribution.

Highlights
Revenue growthFlat YoY at ₹2,439cr for the full year.
MarginsOperational PBT down 22% due to rising personnel and interest expenses.
Demand visibilityPositive outlook for wealth management and alternative investment funds.
Management confidenceBalanced, though defensive regarding tax notices and employee cost inflation.

Growth

Operational revenue was flat at ₹2,439cr; distribution income rose 16%, while retail equity revenue dropped 9%.

Outlook

Aims for 20% growth by FY28; target to increase wealth RM headcounts following a slow recruitment year.

Risks

Rising employee costs (₹687cr), high finance costs for MTF, and ongoing ₹56cr income tax litigation.

Source

Earnings Call filed with NSE, NSE: IIFLCAPS. Summary written with AI assistance from the document.

Read the document ↗

IIFL Capital Services Ltd: key numbers

Share price
₹346.70
Market cap
₹10,933 Cr
Revenue (annual)
₹2,420 Cr
Net profit (annual)
₹561.4 Cr
P/E (TTM)
19.2×Sector 22.0×
Promoter holding
30.67%-0.20% QoQ
FII holding
15.34%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from IIFL Capital Services Ltd

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15:21 IST NSE
Regulatory Approval

IIFL Capital Services Regulatory Approval

CCI approved FIH Mauritius Investments Ltd's proposed investment in IIFL Capital Services on September 22, 2026. This regulatory clearance unblocks the previously announced equity investment.

15:03 IST BSE
Employee Stock Options

IIFL Capital Services Employee Stock Options

IIFL Capital Services allotted 1,73,150 equity shares to employees under its ESOS-2018 scheme. The equity base increased to 315,352,013 shares of Rs. 2 each.

19:27 IST NSE
Merger & Restructuring

IIFL Capital Services Merger & Restructuring

IIFL Capital Services will transfer its wholly-owned subsidiary, India Infoline Foundation, to IIFL Finance Limited for ₹0.00 Crore. The transaction is an internal group transfer.

19:27 IST BSE
Merger & Restructuring

IIFL Capital Services Merger & Restructuring Worth ₹0 Cr

IIFL Capital Services Limited is disposing of its wholly-owned subsidiary, India Infoline Foundation, to IIFL Finance Limited for a consideration of ₹10,000.

Value
₹0.00 Cr
19:18 IST BSE
Board Meeting Outcome

IIFL Capital Services Board Meeting Outcome

The board approved the strike-off of subsidiary IIFL Securities Services IFSC and the transfer of subsidiary India Infoline Foundation to IIFL Finance Ltd.

Value
₹0.00 Cr
18:37 IST NSE
Annual General Meeting

IIFL Capital Services Annual General Meeting

IIFL Capital Services Limited held its 31st Annual General Meeting on September 09, 2026, via video conferencing. The company discussed various ordinary and special business items.