IIFLCAPS Q3 FY26 Guidance vs Delivery (IIFLCAPS Management Mirror)

Wealth Management & Profitability

Dec'25 Outlook: Management expects the wealth business, currently loss-making due to investments, to approach break-even by next year (FY27).

Consistency: Accelerated. In Sep'25, guidance was for profitability over the next 2-3 years. The Dec'25 outlook narrows this timeline specifically to "next year." The Jun'25 outlook only noted that cost-to-income would remain elevated in FY26 with scale benefits appearing in FY27.