IDFC First Bank posts Rs 1,525 Crore profit in FY25, approves Rs 7,500 crore capital raise
IDFC First Bank
on Saturday reported a net profit of Rs 1,525 crore for the financial year ended March 31, 2025, marking a 48.4% decline from Rs 2,954 crore in FY24, mainly due to stress in the
microfinance portfolio
.
For the fourth quarter (Q4 FY25), the bank reported a net profit of Rs 304 crore, down from Rs 724 crore in Q4 FY24.
Net Interest Income (NII) for Q4 stood at Rs 4,907 crore, a 9.8% increase year-on-year.
Fee and other income for the quarter rose 5.7% YoY to Rs 1,702 crore. Core operating income in Q4 grew 8.7% YoY to Rs 6,609 crore, while operating expenses rose 12.2% to Rs 4,991 crore. Core operating profit (excluding trading gains) for Q4 stood at Rs 1,618 crore, slightly down from Rs 1,632 crore in the year-ago period.
Customer deposits rose 25.2% YoY to Rs 2,42,543 crore, with retail deposits growing 26.4% to Rs 1,91,268 crore.
The CASA ratio was 46.9%. Loans and advances increased by 20.4% YoY to Rs 2,41,926 crore.
Gross NPA improved to 1.87% as of March 31, 2025, from 1.94% in the previous quarter, while Net NPA inched up to 0.53%. The Provision Coverage Ratio (PCR) stood at 72.3%. Provisions for the year amounted to Rs 5,515 crore, largely due to higher slippages in the microfinance segment.
The board has approved a
capital raise
of Rs 7,500 crore through compulsorily convertible preference shares to Currant Sea Investments B.V.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Trade Bitcoin & Ethereum – No Wallet Needed!
IC Markets
Start Now
(an affiliate of Warburg Pincus LLC) and Platinum Invictus B 2025 RSC Ltd. (a wholly owned subsidiary of the private equity division of Abu Dhabi Investment Authority), subject to shareholder and regulatory approvals.
It also declared a dividend of Rs 0.25 per share.
Managing Director and CEO V. Vaidyanathan said, 'Our customer deposits grew well at 25% YoY and the CASA ratio continues to remain strong at 46.9%, reflecting the strength of our deposit franchise.
Our funded asset book grew by 20.4%.'
He added, 'An affiliate entity of Warburg Pincus LLC and a wholly owned subsidiary of the private equity division of ADIA have committed to invest ~Rs 7,500 crore in the Bank, which will further strengthen our Capital Adequacy Ratio and support our next phase of growth.'
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
32 minutes ago
- Time of India
Is there a market rotation in favour of IT, pharma and auto? Dhananjay Sinha answers
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel CEO & Co-Head– Institutional Equities,, says the IT sector is showing signs of recovery as US-China relations improve, easing investor concerns about order book uncertainty. Potential US tax cuts could further boost the sector. Significant corrections in IT stocks have created attractive valuations, leading to a possible rotation of investments into IT. Pharma and auto sectors may also benefit from this you look at the market profile, there has been a good rebound, I would say, after the initial correction. If you look at the market capitalisation of NSE, it had actually shrunk by almost like Rs 90 lakh crore to the lows in February or end of February and from there on, the market cap erosion has actually narrowed quite substantially because of the recovery that has happened. We have recovered almost like Rs 70 lakh crore out of the balance is only Rs 20 lakh crore from the peak level that we saw in September last year. So, I would say what has happened is that sectors have taken turns to rebound. We had RBI also infusing liquidity substantially, so that has also played out. What is happening now is the IT sector which is actually gradually coming back and the fact that there was an overhang on the sector with the recession risk being priced into the US economy and it was a spillover effect of the US-China conflict, the engagement that is happening between US and China in thawing the lock jam is something that can be seen as positive for the IT sector because a lot of investors were concerned about the order book uncertainty that it had created.I would say the overhang is actually receding. There is also a possibility that the market might start pricing in tax cuts in the US as well. These are the two things that are moving in favour of the IT sector. IT stocks have seen significant correction and there is a certain amount of valuation that people might be looking at. All put together, there does seem to be this whole rotation across sectors moving in favour of IT now. So, IT is one sector. There are other sectors like pharma where there is a possibility of rotation in favour of them. Auto is another one, news will have an effect on the alco-beverage companies. What the Maharashtra government has announced may create a certain amount of suspicion that other states might actually also announce. This could be because state governments are also struggling on the revenue side. There is a likelihood that people might expect or extrapolate this kind of a scenario in other states as well.I would say people will need to wait to see whether they get more clarity on this and whether this can create a trend. While we are positive fundamentally on space, we do have Allied Blenders in our list, but this is a regulatory risk that will need to settle down before we take a decisive view.
Economic Times
33 minutes ago
- Economic Times
EU crypto regulation hampered by national flaws
The EU's MiCA regulation, designed to harmonize cryptocurrency oversight, faces challenges due to varying implementation across member states. Some nations are perceived as offering rapid approvals, potentially undermining the regulation's integrity. This disparity prompts concerns about a 'race to the bottom' and the potential for economic sovereignty issues as non-EU firms may dominate the market. Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS BNB 57,116 ( -0.2 %) Buy Ethereum 2,36,278 ( -0.83 %) Buy Bitcoin 92,20,368 ( -1.53 %) Buy XRP 192.81 ( -1.77 %) Buy Solana 13,628.35 ( -3.61 %) Buy - Rapid approvals - Tired of too many ads? Remove Ads - Economic sovereignty - London, Jun 12, 2025 -The first EU-wide cryptocurrency regulation was meant to impose some harmony, but disparities in implementation by member countries has allowed companies to exploit a flaw in the in December, Markets in Crypto-Asset (MiCA) insists on service providers obtaining a licence to operate legally in the European is issued once specific criteria on anti-money laundering, prevention of terror group financing, IT security and financial soundness have been a framework aims to protect investors and provide credibility to a sector deemed to be poorly obtained, a licence grants access to the entire EU market, which encourages some companies to seek authorisation in the most "accommodating" member experts, speaking to AFP, do not question the integrity of regulatory authorities in, for example, Germany and the Netherlands -- two EU members which account for the majority of the roughly 30 MiCA licences issued so bloc nations, including Malta, are in the crosshairs, however, according to these same experts, who preferred to remain point to, for example, the Mediterranean island hastily issuing licences before the formal implementation of collective standards."From time to time we see arriving on our market, via the (MiCA) passport, products approved by some of our colleagues with, let's say, a rather quick signing off," lamented the president of the financial markets authority in France, Marie-Anne Barbat-Layani, as she addressed the country's Senate in noted that EU markets regulator ESMA had launched a "peer review" of an unnamed regulator that is potentially too contacted by AFP, the watchdog declined to comment. The Maltese regulator, MFSA, neither confirmed nor denied that it was official working under her, Stephane Pontoizeau, added: "There is always the risk of someone trying to find the least demanding entry point into Europe."Crypto platform OKX, which had planned to hire about 100 staff in France making the country its "anchor" in Europe, ultimately opted for Gemini followed the same strategy, having targeted Ireland before changing its mind, citing the "proactive engagement" of the Maltese authorities."Malta began welcoming applications several months earlier than other regulators, which meant that we could start the application process earlier, build the teams and infrastructure required to operate under MiCA," noted Gemini's head of Europe, Mark countries have been slow to grant approvals, with France having only just issued its first MiCA licence -- to French fintech firm Deblock -- amid accusations that its process is long and however, sees it as granting companies greater time to prepare their application, with the country implementing a transition period through to June insisted the French financial regulator is "determined not to add national requirements to European rules".According to lawyer Anne Marechal, former legal director at the regulator, there have been "cut-price approvals".She told AFP that "believing one can save a few weeks and a little money" puts companies' credibility at risk with the necessary certification can also require considerable outlay, whether for a MiCA or national Le Calvez, founder of the crypto investment firm GOin, has invested about one million euros on obtaining a French licence, which inspired believes that many players will not be able to complete all the necessary in 2017, EU member Estonia introduced its own mandatory licences for the crypto sector, which resulted in 75 percent of industry participants ceasing operations there, according to the Cointelegraph it remains to be seen if a similar outcome will occur in the wake of MiCA, Claire Balva, strategy director at Deblock, highlighted the risk of European crypto firms being replaced by rivals from places with more flexible rules, such as the United States and their financial resources, such non-European companies would have no difficulty complying with EU rules, she "a significant portion of cryptocurrencies held by Europeans" be hosted "on American infrastructure", this also raises "questions of economic sovereignty", added Balva.
Economic Times
33 minutes ago
- Economic Times
Is there a market rotation in favour of IT, pharma and auto? Dhananjay Sinha answers
Tired of too many ads? Remove Ads CEO & Co-Head– Institutional Equities,, says the IT sector is showing signs of recovery as US-China relations improve, easing investor concerns about order book uncertainty. Potential US tax cuts could further boost the sector. Significant corrections in IT stocks have created attractive valuations, leading to a possible rotation of investments into IT. Pharma and auto sectors may also benefit from this you look at the market profile, there has been a good rebound, I would say, after the initial correction. If you look at the market capitalisation of NSE, it had actually shrunk by almost like Rs 90 lakh crore to the lows in February or end of February and from there on, the market cap erosion has actually narrowed quite substantially because of the recovery that has happened. We have recovered almost like Rs 70 lakh crore out of the balance is only Rs 20 lakh crore from the peak level that we saw in September last year. So, I would say what has happened is that sectors have taken turns to rebound. We had RBI also infusing liquidity substantially, so that has also played out. What is happening now is the IT sector which is actually gradually coming back and the fact that there was an overhang on the sector with the recession risk being priced into the US economy and it was a spillover effect of the US-China conflict, the engagement that is happening between US and China in thawing the lock jam is something that can be seen as positive for the IT sector because a lot of investors were concerned about the order book uncertainty that it had created.I would say the overhang is actually receding. There is also a possibility that the market might start pricing in tax cuts in the US as well. These are the two things that are moving in favour of the IT sector. IT stocks have seen significant correction and there is a certain amount of valuation that people might be looking at. All put together, there does seem to be this whole rotation across sectors moving in favour of IT now. So, IT is one sector. There are other sectors like pharma where there is a possibility of rotation in favour of them. Auto is another one, news will have an effect on the alco-beverage companies. What the Maharashtra government has announced may create a certain amount of suspicion that other states might actually also announce. This could be because state governments are also struggling on the revenue side. There is a likelihood that people might expect or extrapolate this kind of a scenario in other states as well.I would say people will need to wait to see whether they get more clarity on this and whether this can create a trend. While we are positive fundamentally on space, we do have Allied Blenders in our list, but this is a regulatory risk that will need to settle down before we take a decisive view.
