IIFL Capital Services Q1 FY26: PAT ₹176 cr up 37% QoQ

Company details and stock snapshot

IIFL Capital Services Ltd is listed as operating from IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, MIDC, Thane Industrial Area, Wagle Estate, Thane, Maharashtra 400604. The company’s listed contact details include telephone 022-39294000 and email secretarial@iiflcapital.com.

On the market side, the stock reaction around the June-quarter update was notable. The article data also shows live-quote snippets around the ₹340 to ₹345 band, alongside a “Today” print of ₹342.00 and ₹344.95 in the feed. Separately, the stock was also reported to have climbed 8.33% to ₹325.85 after the company posted its June-quarter operational performance.

What the June-quarter update says

IIFL Capital Services reported a solid sequential improvement in profitability for the June 2025 quarter (Q1 FY26), even as year-on-year comparisons were mixed across some lines. In a results snapshot dated 29 July 2025, the company reported total income of ₹680.40 crore. This was described as a 3.4% QoQ decline versus the previous quarter’s ₹704.36 crore, while still showing a 5.7% YoY rise from ₹643.80 crore.

Profitability was reported with profit before tax (PBT) at ₹227.54 crore and profit after tax (PAT) at ₹175.54 crore. The same summary noted PAT was down 2.8% QoQ and down 3.7% YoY, while earnings per share (EPS) stood at ₹5.40.

Alongside this dataset, another June-quarter narrative in the article described sequential growth in business momentum. It stated total income rose 19% sequentially to ₹680.4 crore, driven by a 15% rise in revenue from operations to ₹617.4 crore and a 73% jump in other income to ₹63 crore.

Key consolidated numbers (Q1 FY26) from the data

Two sets of tables and summaries appear in the supplied text, and they do not fully align on every comparator. To keep the record clear, the figures below are reproduced as they appear.

Data Source cited in the text: BSE and company announcements.

Quarterly line items: operating income, revenue, EPS

A separate quarterly table titled “Quarterly - IIFL Capital Services Q1 Results” (figures in ₹ crore, except per share values) lists the following for the fiscal period columns Jun 25, Mar 26, and Jun 24.

• Total revenue for Jun 25 is shown at ₹617.37 crore, with ₹644.30 crore shown for Mar 26 and ₹639.92 crore for Jun 24.
• Net income for Jun 25 is shown at ₹175.33 crore, versus ₹114.74 crore for Mar 26 and ₹182.19 crore for Jun 24.
• Net income before taxes for Jun 25 is shown at ₹227.54 crore, with ₹154.61 crore for Mar 26 and ₹247.64 crore for Jun 24.
• Diluted normalized EPS for Jun 25 is shown at ₹5.36, versus ₹3.69 for Mar 26 and ₹5.77 for Jun 24.

This table also shows total operating expense of ₹412.50 crore for Jun 25 and depreciation/amortization of ₹16.20 crore.

What drove the quarter: operations, other income, and costs

The June-quarter narrative in the provided text attributes the sequential momentum to higher operating activity and other income. It said revenue from operations rose to ₹617.4 crore, and other income increased 73% to ₹63 crore from ₹36 crore in the previous quarter.

Expenses were also flagged as a moving piece. One section stated total expenses rose 10% sequentially to ₹452.9 crore, while the consolidated summary table shows total expenses of ₹452.86 crore and a 3.0% QoQ decline versus ₹466.92 crore. The write-up also noted employee costs increased 8%, finance costs fell 7%, and fee and commission expenses rose 24%.

On profitability, the quarter’s PBT of ₹227.5 crore and net profit around ₹175.5 crore were described as a strong sequential improvement in one part of the text, including a statement that net profit rose 37% from the March quarter.

Business mix and activity indicators

The company commentary included a quarter-on-quarter segment view:

• Institutional and Investment Banking revenue was described as having “virtually doubled” from the previous quarter.
• Retail brokerage revenue was said to have increased 15% QoQ, though another note said it declined 28% YoY.
• Distribution income was said to have decreased 24% QoQ, attributed to an “insurance effect” where March quarter typically sees a spike.

The text also included a segment revenue split statement: “approximately ₹200 crore,” with ₹150 crore from brokerage and ₹50 crore from investment banking.

AUM, custody and client asset metrics

Client asset metrics featured prominently in the update. As of June 2025, the company reported:

• Distribution AUM of ₹35,719 crore, up 14% QoQ
• DP assets of ₹2,08,352 crore, up 10% QoQ

In a separate quarterly note for Q3 FY26, the company reported that as of December 2025:

• Distribution AUM stood at ₹48,322 crore
• Custody assets under management stood at ₹2,12,314 crore

Market activity: volumes and market share

The update also referenced trading environment changes. It stated that average daily market turnover for the quarter was down 31% YoY at ₹2,23,232 crore, and attributed the decline largely to regulatory changes in derivatives trading.

Market share indicators cited include:

• F&O market share at 0.62%
• Cash market share described as having risen to “2.%” in the supplied text, with a reference to being up “251%” versus the preceding quarter (as written).

Because the cash market share figure is incomplete in the source text, it is best read as an indicative statement rather than a precise data point.

Dividend and earnings calendar references

The feed also includes corporate action and calendar markers:

• IIFL Capital Services “has declared a dividend of ₹3.00 on 16 Feb 2026.”
• The “Upcoming Earnings date” is mentioned as 4th May 2026, and a “Last Earnings Date” line references “Q4 FY26-27 | 4th, May, 2026” in the text.

Market impact: what investors are reacting to

The immediate market response described in the article was the stock move after the June-quarter performance update. The rally to ₹325.85 (up 8.33%) was linked to sequential improvement in profits and higher other income, alongside growth in wealth and distribution-linked assets such as distribution AUM and DP assets.

At the same time, the data reflects cross-currents that matter for investors tracking capital markets businesses. Revenue and income lines show different quarter-on-quarter trends across the provided datasets, while activity indicators such as average daily turnover were explicitly stated to be lower year-on-year. This combination helps explain why the quarter can read as strong on sequential profitability, but more mixed when compared to the prior year.

Why this quarter matters for the capital markets sector

Two themes in the update track broader sector dynamics. First, the company’s results reference regulatory changes in derivatives trading and their effect on volumes. Second, the business mix commentary points to institutional and investment banking strength, while distribution income is described as seasonal around the March quarter.

The June-quarter also highlights how non-operating components can shape reported profitability. The sharp rise in other income (including a separate note attributing other income growth to mark-to-market gains from investments, particularly in BSE shares, as stated) shows why investors often track both operating revenue and other income for brokerage and investment banking groups.

Conclusion

IIFL Capital Services’ June 2025 quarter update showed PAT of about ₹175.5 crore and total income of ₹680.4 crore, alongside a reported jump in other income to ₹63 crore and higher client asset metrics such as distribution AUM and DP assets. The stock reaction highlighted how the market weighed sequential profitability improvement even as some year-on-year indicators, including turnover, were softer. The next key marker in the supplied text is the stated upcoming earnings date of 4 May 2026, alongside the company’s previously declared ₹3 dividend dated 16 February 2026.