Archive · 22 Jan 2026
IIFL Finance Shares Drop 15% After I-T Audit Order
IIFL Finance is a company that helps people with loans and other financial services.
Recently, the tax department in India told them to get a special audit done.
This made their stock price drop by 15%.
The company also got fined by the tax departments of Bihar and Gujarat for some mistakes in their tax filings.
The company's boss said this is just a normal check and not a big problem.
Despite this, the company made a lot of money in the last quarter and gave some of it back to its shareholders as a dividend.
One important person in the company also left their job, but the company says this won't affect their work.
IIFL Finance shares dropped 15% after the I-T department ordered a special audit for a specified block period.
GST departments of Bihar and Gujarat levied around ₹13 crore in penalties for alleged tax filing irregularities.
IIFL Finance reported a 6-fold increase in net profit for Q3FY26, with assets under management rising 38% on-year.
The company's gross bad loan ratio fell to 1.6% and net NPA ratio to 0.8% in Q3.
IIFL Finance declared an interim dividend of ₹4 per equity share and appointed a new Chief Information Security Officer.
- Who
- IIFL Finance, Income Tax Department, GST Departments of Bihar and Gujarat
- What
- IIFL Finance shares dropped 15% after the I-T department ordered a special audit and GST departments levied penalties
- When
- January 22, 2026
- Where
- India
- Why
- The I-T department ordered a special audit for a specified block period, and GST departments levied penalties for alleged tax filing irregularities
- Stock Price Drop
- 13%
- GST Penalty
- ₹13 crore
- Q3FY26 Net Profit
- ₹501 crore
- Assets Under Management
- ₹98,336 crore
- Net Interest Income
- ₹1,099 crore
- Gross Bad Loan Ratio
- 1.6%
- Net NPA Ratio
- 0.8%
- Interim Dividend
- ₹4 per equity share