IIFL Capital Services Board Approves ₹1,000 Crore Non-Convertible Debenture Issuance

Margin Expands, Costs Weigh PAT at Rs 184 Cr in Q1 FY27, +5.0% YoY; finance cost grew 48.4% vs revenue growth of 2.3%. Revenue at Rs 631 Cr in Q1 FY27, +2.3% YoY. EBITDA at Rs 316 Cr, +11.1% YoY. EBITDA margin at 50.0% vs 46.0%. Capital market activity segment drove growth, while insurance broking swung to a small loss. Fairfax to acquire control via preferential issue and open offer at Rs 350/sh; board approved NCD issuance up to Rs 1,000 Cr; income tax demand of Rs 124 Cr under appeal, management expects no material impact; senior management re-designations in wealth and technology roles.