IIFL Finance board approves issuance of NCDs up to ₹2,000 crore; shares zoom 4% to 52-week high

The stock jumped 3.61% to reach a fresh 52-week high of ₹577.50 apiece. At around 1:15 pm, the scrip was trading at ₹568.15 per equity share, marking a 1.93% jump.

The share has risen nearly 3% in the last five days and more than 12% over the month. It has increased by over 36% in the past six months. On a year-to-date basis, it has surged approximately 36%.

The stock touched a year’s low of ₹279.80 per equity share on March 4, 2025.

At its meeting on Wednesday, the financial services provider’s board of directors approved the public issue of secured, rated, listed, redeemable NCDs, with the shelf limit of up to ₹2,000 crore, it said in a regulatory filing.

The public issue will include a green shoe option, if any, in one or more tranches, in compliance with the provisions of the SEBI, it added.

The NCD public issue will be subject to regulatory and statutory approvals, as may be applicable, it stated.

IIFL Finance Q2 results

The company reported a consolidated net profit of ₹376.33 crore for the September quarter of FY26, compared to a loss of ₹157.68 crore in the year-ago period, supported by strong growth momentum in its gold loans business.

Its net interest income (NII) stood at ₹1,439 crore during the quarter under review, reflecting a 6.1% annual jump from ₹1,355 crore in the second quarter of FY25.

Its asset quality improved as its gross non-performing assets (GNPA) contracted by 22 basis points (bps) year-on-year (YoY) to 2.1% in Q2FY26, as against 2.4% in the corresponding period of the previous fiscal year. Similarly, its net NPA (NNPA) declined by 4 bps annually to 1%, compared to 1.1%.

IIFL Finance has a total market capitalisation of ₹24,205.31 crore, as of November 26, 2025, according to data on the NSE.