IIFL Finance MD: Home Loans to Drive Future Growth After Gold Loan Surge

• IIFL Finance saw strong Q3 growth, primarily driven by a significant recovery in gold loans.
• The company's home loan AUM grew 5% to Rs 31,893 crore, while gold loan AUM surged 189% to Rs 43,432 crore in the December quarter.
• Secured segments now form the majority of the loan book, shifting away from higher-risk portfolios and stabilizing cash flows.
• Asset quality improved, with gross NPAs moderating to 1.6% and net NPAs easing to 0.8% in Q3.
• IIFL Finance expects home loans and loans against property to drive business in coming quarters, supported by technology and bank partnerships.

Why It Matters: IIFL Finance anticipates home loans will fuel future growth, building on strong gold loan performance and improved asset quality.