Latest news with #IDFCFirstBank
Time of India
an hour ago
- Business
- Time of India
Top stocks to buy today: Stock recommendations for July 29, 2025
Morgan Stanley maintained its overweight rating on Kotak Mahindra Bank but cut target price to Rs 2,600 from Rs 2,650 earlier. Analysts said that the April-June quarter was a soft quarter for the bank in a tough macro environment. While growth was stronger than the sector's, net interest margin (NIM) decline and non-performing loan (NPL) formation were higher than expected. They expect the current quarter to remain tough due to further margin decline. They also expect earnings to accelerate thereafter, led by lagged repricing of deposits, cash reserve ratio (CRR) cut benefits, and improvement in loan mix. Jefferies maintained its hold rating on Cipla with the price target hiked to Rs 1,690 from Rs 1,610. Analysts said during April-June quarter, Cipla's key markets disappointed and they expect new drug launches in the US to start reflecting from the first half of FY27. It also showed a tepid growth in the Indian market. The numbers in the US market were lower than expected but were offset by strong sales in the rest of the world markets and higher other income. Analysts expect the US sales could reach $1 billion in FY27 or after. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like She Was Everyone's Dream Girl In 90's, This Is Her Now The Latest Article Undo Nuvama has a hold rating on IDFC First Bank with the target price at Rs 68. Analysts said that in the April-June quarter the lender reduced stress in its micro-finance (MFI) portfolio with lower slippages and special mention accounts during the same period. However, they said that the bank's overall slippages went up due to a Rs 108 crore slippage from an ATM service provider which has been fully provided for and an uptick in other non-MFI slippages. Analysts feel IDFC First Bank's growth momentum remains ahead of peers. Macquarie maintained its outperform rating on Titan with the target price at Rs 4,150. Analysts said they liked the strong brand position of Damas and large growth headroom in the UAE and Kuwait. They also have a positive view of the company's ability to experiment and learn lab grown diamonds/premium designs through Damas. They are also positive on the stock after the company clarified about no further acquisitions in international geographies in the near term. However, they were negative on the company's slower-than-expected path to EPS (earnings per share) accretion. Citigroup has a buy on Bank of Baroda with the target price at Rs 310. Analysts said that the lender's April-June net profit of Rs 4,540 crore was in line with their estimates. They said that only 7 bais points NIM decline and Rs 1,880 crore of treasury gains neutralized higher credit cost at 66 basis points and modest fee growth. They expect FY26 NIMs to settle near April-June level and build higher credit over FY26-27. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
16 hours ago
- Business
- Business Standard
IDFC First Bank's MFI stress to bottom out in the next 2 quarters
The bank expects its microfinance stress to ease in the next couple of quarters, after which it plans to grow its book in a measured way, while also putting a proposal to vote at the upcoming AGM Subrata Panda Anupreksha Jain Mumbai Listen to This Article IDFC First Bank expects stress in its microfinance book to bottom out in the next couple of quarters, after which it will start growing its book, albeit in a measured way, said V. Vaidyanathan, MD & CEO, IDFC First Bank. He added that the bank will put the proposal of the board set to Warburg Pincus's arm – Currant Sea Investments B.V. – to vote in the upcoming annual general meeting (AGM), after reworking the terms to make it acceptable to shareholders. The bank is confident that it will secure the required votes this time. 'In microfinance, the environment was
Business Standard
18 hours ago
- Business
- Business Standard
IDFC First Bank allots 4.11 lakh equity shares under ESOS
IDFC First Bank has allotted 4,11,445 equity shares of face value of Rs 10/-each fully paid-up to the eligible employees, upon exercise of stock options vested with them under the 'IDFC FIRST Bank - ESOS'.Post allotment, the issued and paid-up equity share capital of the Bank stands increased from Rs 73,34,98,98,860/- comprising of 7,33,49,89,886 equity shares of Rs 10/- each fully paid-up to Rs 73,35,40,13,310/- comprising of 7,33,54,01,331 equity shares of Rs 10/- each fully paid-up. Powered by Capital Market - Live News
Business Standard
21 hours ago
- Business
- Business Standard
IDFC First Bank consolidated net profit declines 29.44% in the June 2025 quarter
Total Operating Income rise 9.71% to Rs 9642.15 croreNet profit of IDFC First Bank declined 29.44% to Rs 453.47 crore in the quarter ended June 2025 as against Rs 642.64 crore during the previous quarter ended June 2024. Total Operating Income rose 9.71% to Rs 9642.15 crore in the quarter ended June 2025 as against Rs 8788.69 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% Operating Income9642.158788.69 10 OPM %31.6738.37 -PBDT571.15852.60 -33 PBT571.15852.60 -33 NP453.47642.64 -29 Powered by Capital Market - Live News
Time of India
a day ago
- Business
- Time of India
IDFC First Bank shares in focus after Q1 profit drops 32% YoY to Rs 463 crore
Shares of IDFC First Bank will be in focus on Monday after the lender reported a 32% year-on-year (YoY) decline in net profit to Rs 463 crore for the first quarter of FY26. However, net interest income (NII) rose 5.1% YoY to Rs 4,933 crore, up from Rs 4,695 crore in the same period last year. Sequentially, profit after tax (PAT) jumped 52.1%, indicating a recovery from the previous quarter. Explore courses from Top Institutes in Please select course: Select a Course Category PGDM others Public Policy Digital Marketing Data Analytics Healthcare Operations Management Others healthcare MBA Technology CXO Design Thinking Leadership Cybersecurity Management Product Management Finance MCA Artificial Intelligence Data Science Project Management Data Science Degree Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details The bank's Net Interest Margin (NIM) on assets under management (AUM) dropped 24 basis points quarter-on-quarter to 5.71% in Q1 FY26, from 5.95% in Q4 FY25. The decline was mainly due to the repo rate cut, changes in the asset mix—including a sharp fall in the microfinance segment—and lower investment yields. Operating profit (excluding trading gains) fell 6.2% YoY to Rs 1,744 crore but rose 7.8% sequentially. Also Read: Street Favourite! 10 Nifty micro-cap stocks analysts expect to surge up to 55% Live Events IDFC First Bank reported strong deposit growth for the quarter ended June 30, 2025. Customer deposits rose 25.5% YoY to Rs 2,56,799 crore, compared with Rs 2,04,572 crore a year earlier. Asset quality remained broadly stable despite pressure in the microfinance segment. Gross NPA stood at 1.97% as of June 30, 2025, up from 1.87% in the previous quarter, while Net NPA was at 0.55% versus 0.53% in Q4 FY25. The gross NPA for the Retail, Rural, and MSME portfolio increased slightly to 1.82% from 1.70% sequentially. Loans and advances grew 21% YoY to Rs 2,53,233 crore, up from Rs 2,09,361 crore a year ago. Also Read: Is the IPO market the new gold? 2025 listings outshine Nifty with 4X returns IDFC First Bank shares target price Following the results, Motilal Oswal maintained a 'Neutral' rating on the stock with a target price of Rs 80. It noted that earnings in Q1 were largely driven by other income, and expects NII growth to accelerate in the second half of FY26. The brokerage expects NIM to stabilise at around 5.8% by Q4 FY26. It also projects the cost-to-income ratio to improve from 69.6% in FY26 to 66.4% in FY27. The FY26 earnings estimate has been raised by 11%, with projected RoA and RoE at 1.2% and 14.4%, respectively, for FY27. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
