IITL - Indl. Inv. Trust

📊 NSE: IITL 🏢 Finance & Investments 📅 Last Updated: 12/14/2025 8:00

💰 Financial Performance

Revenue Growth by Segment

Total revenue from operations fell 60.3% to INR 1,496.27 lakhs in FY 2024-25 from INR 3,767.43 lakhs in FY 2023-24. Segment-specific growth percentages were not disclosed, but the overall decline was driven by fair value losses on investments.

Geographic Revenue Split

Not disclosed in available documents, though the company is headquartered in Mumbai, Maharashtra.

Profitability Margins

Net Profit Margin dropped significantly from 149.03% in FY 2023-24 to 24.08% in FY 2024-25. Operating Profit Margin also declined from 150.59% to 26.80% over the same period, primarily due to fair value losses on investments.

EBITDA Margin

Operating Profit Margin was 26.80% in FY 2024-25, a sharp decrease from 150.59% in the previous year, reflecting a 123.79 percentage point drop in core profitability.

⚙️ Operational Drivers

Raw Materials

As an NBFC, the primary 'raw material' is financial capital for deployment into equity shares, mutual funds, and corporate loans.

Import Sources

Not applicable for financial services operations.

Key Suppliers

Not applicable; however, MUFG Intime India Private Limited serves as the Registrar and Transfer Agent.

Capacity Expansion

Not applicable for NBFC operations; however, the company incorporated a new subsidiary, IITL Investment Advisors Private Limited (IIAPL), on January 16, 2025, to launch AIF category II funds.

Raw Material Costs

Not applicable; financial performance is instead driven by fair value changes, which resulted in a net loss of INR 758.94 lakhs in FY 2024-25 compared to a profit of INR 1,420.10 lakhs in FY 2023-24.

Manufacturing Efficiency

Not applicable; however, the company maintains a lean workforce of 25 employees including subsidiaries as of March 31, 2025.

Logistics & Distribution

Not applicable for financial services operations.

📈 Strategic Growth

Expected Growth Rate

3.00%

Growth Strategy

The company plans to achieve growth by launching AIF category II funds in the real estate sector via its new subsidiary IIAPL. Additionally, it is executing a consolidation strategy by merging non-operating subsidiaries (IIT Investrust and IITL Management) to achieve operational synergies, cost optimization, and more efficient human resource utilization.

Products & Services

Corporate loans, equity investments (quoted and unquoted), mutual fund units, real estate development projects (via IITLPL), and upcoming AIF category II real estate funds.

Brand Portfolio

IITL, IITL Projects Limited (IITLPL), IIT Investrust Limited, IITL Management and Consultancy Private Limited, IITL Investment Advisors Private Limited (IIAPL).

New Products/Services

AIF category II funds in the real estate sector are planned for launch via IIAPL; expected revenue contribution percentages are not yet disclosed.

Market Expansion

Expansion into the Alternative Investment Fund (AIF) space targeting the real estate sector.

Strategic Alliances

The company is merging its wholly-owned subsidiaries IIT Investrust Limited and IITL Management and Consultancy Private Limited into the holding company.

🌍 External Factors

Industry Trends

The NBFC sector is transitioning under RBI's Scale Based Regulation (SBR), with IITL classified as a Base Layer NBFC (NBFC-BL). There is an increasing trend of corporates using Qualified Institutional Players (QIPs) for fundraising, which held an 11.4% share in FY 2024-25.

Competitive Landscape

Competes with other NBFC-Investment and Credit Companies and real estate investment managers in the AIF space.

Competitive Moat

The company's moat is based on its long-standing holding company structure (incorporated 1933) and its diversified presence in both financial services and real estate through its listed material subsidiary IITLPL.

Macro Economic Sensitivity

Highly sensitive to equity market volatility and global economic growth, which the IMF projects at 3.0% for 2026.

Consumer Behavior

Shift toward institutionalized real estate investment vehicles like AIFs.

Geopolitical Risks

Exposed to global trade tensions and policy uncertainties which contribute to market volatility and impact investment valuations.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the RBI Master Direction - NBFC Scale Based Regulation 2023 and SEBI (Prohibition of Insider Trading) Regulations 2015. The company maintains a Structured Digital Database (SDD) for compliance.

Legal Contingencies

The company has filed a Scheme of Amalgamation with the NCLT Mumbai for subsidiary mergers. Specific values for other pending court cases were not disclosed.