IIFL Capital Services Ltd (IIFLCAPS) Q2FY26 Concall Summary - Sep-2025 Qtr
Performance Overview
- India's economy has demonstrated continued resilience and strength, supported by GST reforms, festive season spending, and an incipient revival in manufacturing and services.
- The management anticipates a better second half for FY26, driven by policy stability, demand growth, lower GST rates, consumption, and a benign liquidity environment.
- Consolidated revenue from operations for Q2 FY26 stood at INR 592 crores, reflecting a 4% sequential decline and an 8% year-on-year decrease.
- Operational CBT (before other income and MTM income) remained flat quarter-on-quarter at INR 160 crores but experienced a 20% year-on-year decline.
- The company reported significant growth in cross-sell assets, reaching INR 44,000 crores, with 60% in ARR and 40% in non-ARR assets (mutual funds, PMS, AIF).
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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