Iifl Capital Services Ltd · NSE:IIFLCAPS
Iifl Capital Services — Q2 FY27 Earnings Presentation
30 slides from Iifl Capital Services's earnings presentation, Oct 28, 2026
Slide 1: Cover letter to stock exchanges
October 28, 2026 The Manager, The Manager, Listing Department, Listing Department, BSE Limited, The National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Tower, Exchange Plaza, 5 Floor, Plot C/1, G Block, Dalal Street, Bandra - Kurla Complex, Mumbai 400 001 Bandra (E), Mumbai 400 051 Tel No.: 22
Slide 2: Investor Presentation for the quarter and half year ended September 30, 2026
Investor Presentation For the quarter and half year ended September 30, 2026 NSE: IIFLCAPS | BSE: 542773 IIFL Capital Services Limited Formerly Known as IIFL Securities Limited | Strictly Private And Confidential – Do Not Reproduce or Distribute Without Consent 1 1 1
Slide 3: Performance Highlights: Q2 FY27
Performance Highlights: Q2 FY27 ₹ 2,642 Bn ₹ 608 Bn ₹ 7,219 Mn ₹ 2,059 Mn 3 % q-o-q 6 % q-o-q 14 % q-o-q 38 % q-o-q Asset Under Management Distribution AUM Operating Revenue Operating PBT & Custody ₹ 34.6 Bn ₹ 20.1 Bn ₹ 3,051 Bn 28 5% q-o-q 12 % q-o-q 3 % q-o-q Net Margin Trading Completed Investmen
Slide 4: Table of contents
Table of contents 01 02 About IIFL Capital Key Business Segments i. Institutional Equities & Investment Banking ii. Non- Institutional Segment Business 03 04 Financials Other Corporate Updates IIFL Capital Services Limited Formerly Known as IIFL Securities Limited | Strictly Private And Confidential
Slide 5: About IIFL Capital
About IIFL Capital IIFL Capital Services Limited Formerly Known as IIFL Securities Limited | Strictly Private And Confidential – Do Not Reproduce or Distribute Without Consent 4 4
Slide 6: One platform, an exhaustive suite of offerings
One platform, an exhaustive suite of offerings Our vision: to give every client — individual, family, institution or issuer - tailored solutions across the full life of their wealth WE SERVE Affluent, HNI and UHNI UHNI clients & family offices investors research-backed Corporates & Institutions Weal
Slide 7: A Business That Has Evolved with India
A Business That Has Evolved with India 2019 Started Probity Research and Institutional equities ET Now and Services Ltd, doing Broadcast one 2019–2022 ‘The Asset Triple A’ & Institutional equity research research begins recognized, IIFL Holding company sustainable Group as demerged into 3 Finance 20
Slide 8: A Leading Full-Service Financial Services Platform
A Leading Full-Service Financial Services Platform Large, Financially Strong Player Agile Technology Platform • Assets Under Management and Custody of INR 2,642 Bn • Intuitive, scalable platform enabling seamless client • Net worth of INR 34.6 Bn experience • Strong capital base supporting diversifi
Slide 9: Integrated Capital Markets Platform
Integrated Capital Markets Platform: Affluent / HNI/UHNI Broking, Wealth Management, Investment Banking & Institutional Equities Affluent / HNI / UHNI Broking Wealth Management & Distribution Investment Banking Institutional Equities High-touch, research-led broking franchise Core growth franchise,
Slide 10: Key Business Segments: Institutional Equities & Investment Banking
Key Business Segments I. Institutional Equities & Investment Banking IIFL Capital Services Limited Formerly Known as IIFL Securities Limited | Strictly Private And Confidential – Do Not Reproduce or Distribute Without Consent 9 9
Slide 11: Institutional Equities: Connecting Research, Liquidity, and Global Capital
Institutional Equities: Connecting Research, Liquidity, and Global Capital 1,150+ 134 328+ Empaneled Clients Experienced team across sales, Stocks under coverage (69% of research and trading India’s market cap) Core Capabilities Institutional Equities & Investment Banking Revenue (₹ Mn) Research-Led
Slide 12: IIFL Research: Depth, Breadth, and Actionable Insight
IIFL Research: Depth, Breadth, and Actionable Insight Bottom-up research led by 48 analysts, powering institutional decisions and strengthening competitive positioning through expanding coverage. Sector-wise Break-up of Stocks Market cap break up of stocks How Research Powers the Platform Under Cove
Slide 13: Investment Banking: Leading the Market in Capital Raising and Advisory
Investment Banking: Leading the Market in Capital Raising and Advisory IIFL delivered strong performance in Q2 FY 27 in the investment banking division. Ranked #1 – Successfully completed 28 transactions across Capital Markets and Advisory, including 19 IPOs, 6 QIPs,2 OFSs and 1 advisory transaction
Slide 14: Key Business Segments: Non-Institutional Segment Business
Key Business Segments II. Non- Institutional Segment Business IIFL Capital Services Limited Formerly Known as IIFL Securities Limited | Strictly Private And Confidential – Do Not Reproduce or Distribute Without Consent 13 13
Slide 15: Delivering End-to-End Wealth Solutions Across the Client Lifecycle
Delivering End-to-End Wealth Solutions Across the Client Lifecycle Integrated capabilities enable conversion of market opportunities into scalable wealth revenues. Advisory-led, goal-based Access to exclusive and differentiated Multi-asset allocation and Family office, estate planning, and approach
Slide 16: IIFL Capital | In-House Investment Engine
IIFL Capital | In-House Investment Engine Research-driven, fundamentals-focused asset manufacturing across PMS & AIF — Total AUM ₹ 4,783 Cr PMS PLATFORM- ₹2,103 Cr AIF PLATFORM- ₹2,683 Cr Discretionary PMS Diversified alternatives across early stage, PE, Private Credit & Absolute Return for HNI & in
Slide 17: Key Business Metrics
Key Business Metrics Equity Assets (DP Assets) – ₹ Bn Distribution Assets – ₹ Bn Distribution Assets Mix ARR Assets Transactional Assets Mutual Fund Fixed Income AIF PMS 2,034 608 ETF 1,891 1,775 521 6% 1,622 9% 38% 39% Distribution 39% 11% 1,050 313 Assets Mix (%) 261 – ₹ 608 Bn 34% as of September
Slide 18: Key Business Metrics
Key Business Metrics Retail Equities Revenue (₹ Mn) FPD Income (₹ Mn) Non-Institutional Revenue (₹ Mn) Brokerage Interest Income Allied Income Insurance & Wellness Others Transaction Based Revenue (TBR) Annual Recurring Revenue (ARR) 12,325 5,904 17,419 17,116 11,157 11,212 13% 5,094 15,026 13% 12%
Slide 19: Key Business Metrics
Key Business Metrics Mutual Fund AUM (₹ Bn) Net MTF Book (₹ Bn) Live SIP transactions (count) (‘000) 302 239.2 290 289 233.9 20.1 263 211.7 17.9 14.5 200 143.0 150 108.0 9.2 9.3 68.5 4.9 FY23 FY24 FY25 FY26 Q1FY27 Q2FY27 FY23 FY24 FY25 FY26 Q1FY27 Q2FY27 FY23 FY24 FY25 FY26 Q1FY27 Q2FY27 IIFL Capita
Slide 20: Financials
Financials IIFL Capital Services Limited Formerly Known as IIFL Securities Limited | Strictly Private And Confidential – Do Not Reproduce or Distribute Without Consent 19 19
Slide 21: Financial Results
Financial Results ₹ Mn Q2FY27 Q1FY27 Q-o-Q Q2FY26 Y-o-Y H1FY27 H1FY26 Y-o-Y Revenue Break up Retail Equities 3,160 2,972 6% 2,711 17% 6,132 5,347 15% Institutional Equities and Investment Banking 2,445 2,068 18% 1,860 31% 4,513 3,897 16% Financial Product Distribution 1,594 1,252 27% 1,300 23% 2,846
Slide 22: Financials - Consistent Performance
Financials - Consistent Performance Total Revenue (₹ Mn) Profit After Tax (TCI) (₹ Mn) Return on Equity (%) 33% 33% 25,674 26,031 7,108 22,313 15% 5,620 18% 20% 20% 5,121 18% 13,704 14,116 12,278 3,062 2,480 2,594 FY23 FY24 FY25 FY26 H1FY26 H1FY27 FY23 FY24 FY25 FY26 H1FY26 H1FY27 FY23 FY24 FY25 FY2
Slide 23: Other Corporate Updates
Other Corporate Updates IIFL Capital Services Limited Formerly Known as IIFL Securities Limited | Strictly Private And Confidential – Do Not Reproduce or Distribute Without Consent 22 22
Slide 24: Fairfax Investment Update
Fairfax Investment Update The Company has received all requisite regulatory and shareholder approvals for the proposed change in control pursuant to FIH Mauritius Investments Ltd and its affiliate (“Fairfax”) acquiring up to 51% stake in the Company Update on Fairfax through a preferential allotment
Slide 25: Governed by Independent and Illustrious Board
Governed by Independent and Illustrious Board Ms. Rekha Warrier R Venkataraman V. Krishnan Chairperson and Independent Director Managing Director Independent Director Masters - Applied Mathematics (Mumbai) PGDM-IIM Bangalore, Cost Accountant, LLB, Ph.D and Economics & Public Policy BE – IIT, Kharagp
Slide 26: ESG: Embedded in Operations, Governance, and Growth
ESG: Embedded in Operations, Governance, and Growth A disciplined ESG framework strengthening trust, resilience, and long-term sustainability • ESG rating of “Strong” assigned by CRISIL (Upgraded from 63 to 69) ESG Rating & • ESG profile hosted on website aligned with global frameworks including IFC
Slide 27: ESG: Embedded in Operations, Governance, and Growth
ESG: Embedded in Operations, Governance, and Growth A disciplined ESG framework strengthening trust, resilience, and long-term sustainability • ESG rating of “Strong” assigned by CRISIL (Upgraded from 63 to 69) ESG Rating & • ESG profile hosted on website aligned with global frameworks including IFC
Slide 28: ESG: Embedded in Operations, Governance, and Growth
ESG: Embedded in Operations, Governance, and Growth A disciplined ESG framework strengthening trust, resilience, and long-term sustainability • ESG rating of “Strong” assigned by CRISIL (Upgraded from 63 to 69) ESG Rating & • ESG profile hosted on website aligned with global frameworks including IFC
Slide 29: Corporate Social Responsibility
Corporate Social Responsibility CSR: Driving Education, Environment & Community Impact with IIFL Foundation Sakhiyon Ki Baadi- Basic Literacy Vocational Training to Government Miyawaki Plantation in Udaipur Construction Support to Classroom and Numeracy to Girl Children School Students in Rural Assa
Slide 30: Thank you!
Thank you! Published in October 2026 IIFL Capital Services Ltd Email: [email protected] | Website: https://www.iiflcapital.com This report is for information purposes only and does not construe to be any investment, way responsible for any loss or damage that may arise to any person
IIFL Capital Services — Q2 FY27 Earnings Presentation on 6ix