Latest news with #IDFCFirstBankLtd
Business Insider
2 days ago
- Business
- Business Insider
Jefferies Sticks to Its Buy Rating for IDFC First Bank Ltd. (IDFCFIRSTB)
Jefferies analyst Prakhar Sharma maintained a Buy rating on IDFC First Bank Ltd. on July 27 and set a price target of INR82.00. The company's shares closed yesterday at INR70.31. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Sharma is a 4-star analyst with an average return of 9.3% and a 75.56% success rate. Sharma covers the Financial sector, focusing on stocks such as Bandhan Bank Ltd., BSE Ltd., and Axis Bank Limited. IDFC First Bank Ltd. has an analyst consensus of Moderate Buy, with a price target consensus of INR76.71, representing a 9.10% upside. In a report released on July 28, Investec also maintained a Buy rating on the stock with a INR85.00 price target.
The Hindu
5 days ago
- Business
- The Hindu
IDFC First Bank Q1 net profit slumps 32% to ₹463 crore
IDFC First Bank Ltd. reported a 32% fall in Q1 net profit to ₹463 crore from the same period last year largely impacted by microfinance business and interest rate movement. Net interest income (NII) grew 5.1% YoY from ₹4,695 crore to ₹4,933 crore. Net interest margin (NIM) on AUM reduced by 24 bps QoQ, from 5.95% in Q4FY25 to 5.71% in Q1FY26, largely due to repo impact, asset mix change (including sharp decline in the micro-finance business) and decline in investment yields. 'On asset quality, all our businesses, other than microfinance continue to perform well, GNPA and NNPA are at 1.97% and 0.55%, respectively,' said MD and CEO V. Vaidyanathan. 'Our margins reduced because we passed on the benefit of repo rate to eligible borrowers and asset mix change, but term deposits broadly would take a year to reprice downwards,' he said. 'So, by H2FY26 margins is likely to be better. Also, by H2FY26, MFI issue should largely be behind us. Our customer franchise is strong. So, all-in-all, we are positioned well for the future,' he added.
Mint
5 days ago
- Business
- Mint
IDFC First Bank Q1 results: Net profit declines 32% YOY to ₹463 crore
IDFC First Bank Q1 results: IDFC First Bank Ltd. reported a significant drop in its net profit for the first quarter of FY26. The profit is largely impacted by microfinance business and interest rate movement, the bank informed in an exchange filing. The private lender reported a profit after tax (PAT) of ₹ 462.6 crore for the June quarter, marking a 32.07% drop compared to ₹ 681 crore in the same period last year. Its net interest income (NII) increased by 5% year-on-year, rising to ₹ 4,933 crore from ₹ 4,695 crore. 'Our margins reduced because we passed on the benefit of repo rate to eligible borrowers and asset mix change, but term deposits broadly would take a year to reprice downwards. So, by H2 FY26 margins is likely to be better,' said V Vaidyanathan, the Managing Director and CEO of IDFC First Bank. Provisions and contingencies of the bank jumped 67% year on year to 1,659 crore. This was impacted by slippages in the bank's micro-finance book, the press release said. Gross non-performing assets ratio came in at 1.97% as compared to 1.90% during the same quarter a year ago, with the total gross NPA increasing to ₹ 4,867 crore from ₹ 3,904 crore. Net NPA also increased to ₹ 1,346 crore in Q1 of FY2026 from ₹ 1,195 crore in the same period of last fiscal. Customer Deposits increased from Rs. 2,046 crore in Q1 of last fiscal to Rs. 2,568 crore this quarter, making a 25.5% increase. Retail Deposits increased by 24.5% YOY, rising to Rs. 2,042 crore this quarter from Rs. 1,640 crore in the same period a year ago. Current Accounts and Savings Accounts (CASA) Deposits also grew by 30.2% YOY from Rs. 977 crore as of June 30, 2024 to Rs. 1,272 crore as of June 30, 2025.
Business Standard
15-07-2025
- Business
- Business Standard
IDFC First Bank Ltd drops for fifth straight session
IDFC First Bank Ltd is quoting at Rs 73.35, down 1.24% on the day as on 13:19 IST on the NSE. The stock tumbled 5.9% in last one year as compared to a 2.38% rally in NIFTY and a 8.82% spurt in the Nifty Bank index. IDFC First Bank Ltd fell for a fifth straight session today. The stock is quoting at Rs 73.35, down 1.24% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.46% on the day, quoting at 25197.8. The Sensex is at 82595.28, up 0.42%.IDFC First Bank Ltd has gained around 3.46% in last one Nifty Bank index of which IDFC First Bank Ltd is a constituent, has increased around 1.92% in last one month and is currently quoting at 56765.35, up 0.45% on the day. The volume in the stock stood at 209.83 lakh shares today, compared to the daily average of 298.21 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 73.44, down 1.38% on the day. IDFC First Bank Ltd tumbled 5.9% in last one year as compared to a 2.38% rally in NIFTY and a 8.82% spurt in the Nifty Bank index. The PE of the stock is 35.9 based on TTM earnings ending March 25.
Business Standard
03-07-2025
- Business
- Business Standard
IDFC First Bank Ltd spurts 0.36%, gains for fifth straight session
IDFC First Bank Ltd is quoting at Rs 77.53, up 0.36% on the day as on 12:44 IST on the NSE. The stock is down 4.48% in last one year as compared to a 5% jump in NIFTY and a 7.35% jump in the Nifty Bank. IDFC First Bank Ltd gained for a fifth straight session today. The stock is quoting at Rs 77.53, up 0.36% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.26% on the day, quoting at 25518.4. The Sensex is at 83618.54, up 0.25%. IDFC First Bank Ltd has gained around 14.88% in last one month. Meanwhile, Nifty Bank index of which IDFC First Bank Ltd is a constituent, has gained around 2.39% in last one month and is currently quoting at 56999.2, up 0.02% on the day. The volume in the stock stood at 199.99 lakh shares today, compared to the daily average of 354.32 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 77.8, up 0.37% on the day. IDFC First Bank Ltd is down 4.48% in last one year as compared to a 5% jump in NIFTY and a 7.35% jump in the Nifty Bank index. The PE of the stock is 37.13 based on TTM earnings ending March 25.
