IIFL Finance tumbles after tax authorities order audits, impose penalties

IIFL Finance

22/01/2026 10:03

** Shares of IIFL Finance IIFL.NS falls as much as 18% to a near three-month low of 511.15 rupees, last down 14.9%

** Co gets order from Income Tax Department directing IIFL to get its accounts audited for a specified block period

** Co also gets two tax orders from Bihar and one order from Gujarat tax department imposing combined penalty of 132.7 million rupees ($1.45 million)

** Meanwhile, the non-bank finance co's Q3 consol net PAT jumps 10-fold to 4.64 billion rupees; total rev from ops rises 40% y/y

** More than 24 million shares exchange hands vs 1.47 million 30-day avg vol

** IIFL rose 47.6% in 2025

($1 = 91.6520 Indian rupees)

 (Reporting by Brijesh Patel in Bengaluru)

 ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))