| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 714 | 572 | +24.9% |
| EBITDA | 291 | 213 | +36.5% |
| EBITDA margin | 40.7% | 37.2% | +3.5 pts |
| Profit before tax | 174 | 120 | +45.3% |
| Net profit | 127 | 85.1 | +48.7% |
| EPS | ₹4.07 | ₹2.72 | +49.6% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 10,830 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 213 | 425 | 612 | 408 | 169 | ||
| 5.2 | 5.4 | 2.8 | — | — | ||
| 1,821 | 1,821 | 937 | 1,154 | 486 | ||
| 12,443 | — | — | — | — | ||
| 2,576 | 2,420 | 2,405 | 2,161 | 1,352 | ||
| — | +0.6% | +11.3% | +59.8% | — | ||
| 930 | 848 | 997 | 874 | 465 | ||
| 36.1% | 35.0% | 41.5% | 40.5% | 34.4% | ||
| 863 | 783 | 942 | 761 | 398 | ||
| 614 | 564 | 713 | 513 | 250 | ||
| 23.8% | 23.3% | 29.6% | 23.8% | 18.5% | ||
| ₹19.67 | ₹18.02 | ₹22.89 | ₹16.48 | ₹8.02 | ||
| — | −21.3% | +38.9% | +105.5% | — | ||
| — | −1,070 | 871 | −118 | −793 | ||
| — | −28.3 | −48.2 | −31.2 | −13.2 | ||
| −1,098 | −1,098 | 823 | −149 | −806 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 10,830.1 | |
| - Cash, Equiv & ST Investments | 169.4 | 408.3 | 612.2 | 424.8 | 213.2 | |
| + Minority Interest | — | — | 2.8 | 5.4 | 5.2 | |
| + Total Debt | 485.8 | 1,153.8 | 937.2 | 1,820.9 | 1,820.9 | |
| Enterprise Value | — | — | — | — | 12,443.0 | |
| Revenue | 1,352.1 | 2,161.3 | 2,405.0 | 2,420.0 | 2,576.5 | |
| Growth %, YoY | — | +59.8 | +11.3 | +0.6 | — | |
| EBITDA | 465.0 | 874.4 | 997.1 | 848.0 | 930.5 | |
| Margin % | 34.39 | 40.46 | 41.46 | 35.04 | 36.12 | |
| EBIT | 398.1 | 760.6 | 942.2 | 783.0 | 862.6 | |
| Net Income | 249.8 | 513.3 | 712.9 | 563.6 | 613.7 | |
| Margin % | 18.48 | 23.75 | 29.64 | 23.29 | 23.82 | |
| EPS, Adj (current shares) | 8.02 | 16.48 | 22.89 | 18.02 | 19.67 | |
| Growth %, YoY | — | +105.5 | +38.9 | -21.3 | — | |
| Cash from Operations | -793.0 | -117.6 | 870.9 | -1,069.6 | — | |
| Capital Expenditures | -13.2 | -31.2 | -48.2 | -28.3 | — | |
| Free Cash Flow | -806.2 | -148.8 | 822.7 | -1,097.9 | -1,097.9 | |
Prices at the previous close · figures from the company's filings with NSE
IIFL Capital Services (NSE: IIFLCAPS) had a market capitalisation of ₹10,966 crore at the previous close (₹347.75 a share), a PE ratio of 17.9 on the last four quarters' profit and a price-to-book ratio of 3.17. In FY26 its consolidated net profit was ₹561 crore on revenue of ₹2,420 crore; in Q2 FY27 (July–September 2026) it was ₹127 crore, up 49.0% year on year. Its debt-to-equity ratio was 0.65 on 30 September 2026. Promoters held 30.49% of the shares on 30 September 2026.
IIFL Capital Services' PE ratio is 17.9 at the previous close (₹347.75 a share): a market capitalisation of ₹10,966 crore divided by consolidated net profit of ₹613 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹561 crore) it is 19.5.
IIFL Capital Services' debt-to-equity ratio was 0.65 on 30 September 2026: borrowings, debt securities, deposits and subordinated debt of ₹2,251 crore against total equity of ₹3,468 crore. A year earlier, on 30 September 2025, it was 0.62.
IIFL Capital Services' net worth — shareholders' equity in its consolidated balance sheet — was ₹3,463 crore on 30 September 2026, up 23.2% from ₹2,811 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹10,966 crore at the previous close.
IIFL Capital Services' price-to-book (PB) ratio is 3.17 at the previous close: a market capitalisation of ₹10,966 crore divided by shareholders' equity (book value) of ₹3,463 crore on 30 September 2026. That is a book value of ₹109.82 per share against a share price of ₹347.75.
IIFL Capital Services' book value per share was ₹109.82 on 30 September 2026: shareholders' equity of ₹3,463 crore divided by the 31.54 crore shares in issue, up 21.3% from ₹90.57 a year earlier. The share price at the previous close was ₹347.75.
IIFL Capital Services' dividend yield is 0.86% at the previous close: dividends of ₹3 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹347.75. They were ₹3 on 16 February 2026 (interim).
IIFL Capital Services' market capitalisation was ₹10,966 crore at the previous close: 31.54 crore shares at ₹347.75 each.
In FY26, IIFL Capital Services' return on equity (ROE) was 20.2%. ROE is net profit divided by average shareholders' equity (the start and end of the year).
In 2026, IIFL Capital Services has declared one dividend: ₹3 (interim) with record date 16 February 2026.
No. IIFL Capital Services had borrowings of ₹2,251 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.65. Its cash and current investments were ₹4,832 crore, so it held net cash of ₹2,581 crore.
IIFL Capital Services' basic earnings per share (EPS) were ₹18.08 in FY26, against ₹23.06 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹19.71.
Promoters held 30.49% of IIFL Capital Services on 30 September 2026, down 0.18 percentage points from 30.67% the previous quarter and down 0.49 percentage points from 30.98% a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, IIFL Capital Services' shares were held by promoters 30.49%, foreign portfolio investors (FII/FPI) 15.37%, domestic institutions (DII) 4.88% (including mutual funds at 0.90%) and retail and other non-institutional investors 49.27%. Over the year, FII holding was down 1.56 percentage points from 16.93% and DII holding was down 0.15 percentage points from 5.03%.
In FY26, IIFL Capital Services generated ₹1,070 crore of cash from operations and spent ₹28.3 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹1,098 crore. In FY25 it was ₹823 crore.
In FY26, IIFL Capital Services earned net profit of ₹561 crore on revenue of ₹2,420 crore, against ₹1,869 crore on ₹9,374 crore for Motilal Oswal Financial Services. IIFL Capital Services' operating margin was 32.4% (Motilal Oswal Financial Services 40.1%) and its return on equity 20.2% (Motilal Oswal Financial Services 15.6%).
IIFL Capital Services' latest results are for Q2 FY27 (July–September 2026), filed on 28 October 2026: consolidated net profit ₹127 crore, up 49.0% from ₹85.1 crore in Q2 FY26; revenue from operations ₹714 crore, up 24.9% year on year.
In FY26 (April 2025–March 2026), IIFL Capital Services' consolidated net profit was ₹561 crore, down 21.3% from ₹713 crore in FY25, on revenue from operations of ₹2,420 crore (up 0.6%). Over three years, from FY23, net profit was up 124.7%.
IIFL Capital Services has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
On FY26 consolidated figures, against Motilal Oswal Financial Services, Angel One and JM Financial: IIFL Capital Services' operating margin of 32.4% is the lowest of the four (Motilal Oswal Financial Services 40.1%, Angel One 33.0%, JM Financial 59.4%; peer average 44.2%); its return on equity of 20.2% is the highest of the four (Motilal Oswal Financial Services 15.6%, Angel One 15.6%, JM Financial 11.8%; peer average 14.3%); its revenue growth over three years of 21.4% a year is the second highest of the four (Motilal Oswal Financial Services 30.9% a year, Angel One 19.6% a year, JM Financial 7.8% a year; peer average 19.4% a year).
From IIFL Capital Services' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.