IIFL Capital Q1FY27 Revenue ₹631 Cr; Fairfax to Increase Stake to 51%
IIFL Capital reported Q1FY27 consolidated revenue of ₹631 crores. Profit After Tax was ₹184 crores. Fairfax India proposed increasing its stake to 51% via a ₹2,000 crore preferential issue. Shareholders approved this preferential issue at the EGM on June 01, 2026.
The proposed 51% stake acquisition by Fairfax, a major investor, is a significant strategic development that will impact the company's ownership structure, capital base, and future growth trajectory.
The announcement details steady financial performance and a significant strategic investment from Fairfax, which is expected to bolster the company's capital and growth prospects.
IIFL Capital Services Limited announced its consolidated financial results for the quarter ended June 30, 2026. Consolidated operating revenue stood at ₹631 crores, marking a 2% decrease quarter-on-quarter but a 2% increase year-on-year. Operating profit before tax was ₹149 crores, up 4% Q-o-Q and down 9% Y-o-Y.
As of June 30, 2026, total assets under management reached ₹2,57,095 crores, comprising ₹57,364 crores in distribution assets and ₹1,99,731 crores in custody assets. The company reported a Profit After Tax of ₹184 crores for the quarter.
Mr. R. Venkataraman, Managing Director, stated that the company delivered a steady performance driven by resilient investment banking and institutional equities businesses, along with continued traction in wealth and asset management platforms.
Fairfax India Holdings Corporation proposed to increase its shareholding in IIFL Capital to at least 51% through a preferential issue of approximately ₹2,000 crores at ₹350 per share, an open offer, and arrangements with existing promoters, subject to regulatory approvals. Shareholders approved the preferential issue at the Extraordinary General Meeting on June 01, 2026. This investment is expected to strengthen the company's capital base and support growth across its various business segments.
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IIFL Capital Services Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by IIFL Capital Services Limited. Read the original for the full detail.