IIFL Capital Services Limited — Investor Meet, 12-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

IIFL Capital reported Q1FY26 consolidated revenue of Rs.680 Cr (+19% QoQ, +6% YoY) and PAT of Rs.176 Cr (+37% QoQ, -4% YoY). New wealth management revenue was corrected to Rs.28 Cr for the quarter. Institutional & Investment Banking revenue doubled QoQ, though retail brokerage saw a YoY decline due to regulatory shifts. The company is actively transforming retail broking into wealth management, adding about 50 RMs. This expansion will lead to elevated costs this year, with benefits expected next year. Management noted a strong investment banking pipeline.