New Delhi, Feb. 14 -- Shares of IIFL Finance, a prominent NBFC specialising in retail credit, plunged 6% in intraday trade on February 14, touching a 10-month low of Rs.312.20 per share. The decline came after the company's December quarter performance fell short of Street estimates, impacted by elevated credit costs and a slight deterioration in asset quality due to a cyclical economic slowdown.

The company faced asset quality stress in its microfinance (MFI), unsecured personal/business loans, and small-ticket loan against property (LAP) segments during the quarter, reflecting weak macroeconomic trends.

For the quarter ended December, the company reported a profit after tax (PAT) of Rs.82 crore, down 85% year-on-year (YoY). Among its ...