ALFA Finder| Revenue growth | 2% Y-o-Y total revenue growth for Q1FY27. |
|---|---|
| Margins | Operating PBT margin shows slight improvement q-o-q. |
| Order book | 11 completed IB transactions in Q1; 5 DRHPs filed. |
| Demand visibility | Strong investment banking pipeline expected to execute over 4-6 quarters. |
| Management confidence | High; citing robust deal pipelines and strategic support from Fairfax. |
Growth
Total revenue grew 2% Y-o-Y; PAT (TCI) grew 3% Y-o-Y. Institutional Equities revenue rose 2% Y-o-Y, while Retail Equities grew 13% Y-o-Y.
Outlook
Fairfax proposed increasing shareholding to 51% via ₹2,000 Cr preferential issue to scale broking, wealth, and asset management businesses.
Risks
Financial Product Distribution revenue saw a 14% Y-o-Y decline. Cyclicality in investment banking and market-linked volumes remains a factor.
Last quarter's promises, checked
Delivered
- Aim to increase wealth RM headcount → Launched ASCEND leadership program (= BEAT)
- Target to grow AUM from INR 52,000 Cr → AUM growth supported by 24% MTF rise (= BEAT)
- Maintain profitable franchise via accruals → Q1FY27 PAT of INR 1,842 Mn (= BEAT)
Partly delivered
- Guided 20% growth in next couple years → Q1FY27 revenue grew 2% Y-o-Y (= PARTIAL)
Investor Presentation filed with BSE, NSE: IIFLCAPS. Summary written with AI assistance from the document.
IIFL Capital Services Ltd: key numbers
- Share price
- ₹352.30
- Market cap
- ₹13,129 Cr
- Revenue (annual)
- ₹2,420 Cr
- Net profit (annual)
- ₹561.4 Cr
- P/E (TTM)
- 21.4×Sector 20.8×
- Promoter holding
- 25.80%-4.87% QoQ
- FII holding
- 11.49%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from IIFL Capital Services Ltd
All →IIFL Capital Services Open Offer
The Manager to IIFL Capital Services' open offer disclosed 1,17,258 shares, 0.12% of offer size, tendered in the escrow demat account. Tendered shares remain subject to validation and may differ from shares finally accepted.
IIFL Capital Services Other Announcement
IIFL Capital Services' shareholding pattern as of 4 November 2026 shows FIH Mauritius Investments set to become a promoter after a preferential allotment of 5.71 crore shares. The filing is a Reg 31 quarterly shareholding statement that records the transition.
IIFL Capital Services Preferential Issue
IIFL Capital Services allotted 5.71 crore equity shares at ₹350/share to FIH Mauritius, raising ₹1,999.99 Crore via preferential issue.
- Value
- ₹2,000 Cr
IIFL Capital Services Employee Stock Options
IIFL Capital Services granted 29,713 ESOPs and allotted 180,499 shares on exercise under its 2018 ESOS scheme. The equity base rose to 315,532,512 shares of ₹2 each.
IIFL Capital Services Open Offer: ₹3,505 Cr
FIH Mauritius and HWIC launched a 26% open offer for IIFL Capital Services at Rs.350 per share. Up to Rs.3,505 Crore; tendering opens November 2.
- Value
- ₹3,505 Cr
IIFL Capital Services Adverse Business Impact
IIFL Capital Services' subsidiary surrendered its SEBI Investment Adviser registration, effective October 28, 2026. The company states there is no material monetary impact and no penalty.