Short news for quality minds. Power your niche.

Back to Business News
IIFCL PAT falls 13% on forex volatility in FY26
May 30, 2026
Economic Times

IIFCL PAT falls 13% on forex volatility in FY26

IIFCL's profit dropped 13.3% to ₹1,379 crore in FY26 because of big currency swings. MD Rohit Rishi said, "Last year was unprecedented in terms of foreign exchange fluctuation." This shows how global money changes can really affect a company's earnings, making it a tough year for them.