IIFL Capital Services shares fell over 5% on Wednesday after the company reported a year-on-year decline in net profit for Q3FY26. The stock dropped as much as 5.4% to ₹322.20 on the NSE and was trading 5.3% lower at ₹322.80 in afternoon trade, even as the Nifty 50 edged higher.
The company posted a 5% fall in net profit to ₹188 crore for the October–December quarter, compared to ₹197 crore a year earlier. Operating profit before tax declined sharply by 36% to ₹119 crore, mainly due to higher employee costs as the firm expands its wealth management business. Revenue rose marginally by 1% to ₹586 crore.
On a sequential basis, however, net profit surged 121% from ₹85 crore in Q2FY26.
The stock has corrected over 22% from its 52-week high of ₹411.30 but remains up 45% over the past year. Analysts note the stock is nearing the lower end of its ₹280–₹400 trading range, with some suggesting accumulation at support levels for medium-term gains.
IIFL Capital Shares Slide Over 5% as Q3 Profit Declines
