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Informist, Saturday, Jan. 31, 2026

 

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--IDFC FIRST Bank Oct-Dec net profit INR 5.03 bln
--Analysts saw IDFC FIRST Bank Oct-Dec net profit at INR 5 bln
--IDFC FIRST Bank Oct-Dec net profit INR 5.03 bln vs INR 3.39 bln year ago
--IDFC FIRST Bank Q3 total income INR 125.42 bln vs INR 111.23 bln yr ago
--IDFC FIRST Bank Oct-Dec provisions INR 13.98 bln vs INR 13.38 bln year ago
--IDFC FIRST Bk gross NPAs 1.69% on Dec 31 vs 1.86% qtr ago, 1.94% yr ago
--IDFC FIRST Bk net NPAs 0.53% on Dec 31 vs 0.52% qtr ago, 0.52% yr ago
--IDFC FIRST Bank Basel-III capital adequacy ratio 15.84% on Dec 31
--IDFC FIRST Bank Apr-Dec net profit INR 13.17 bln vs INR 12.21 bln year ago
--IDFC FIRST Bank Apr-Dec total income INR 362.39 bln vs INR 322.15 bln
--IDFC FIRST Bank Oct-Dec net interest margin 5.76% vs 5.59% qtr ago
--IDFC FIRST loans, advances INR 2.79 tln on Dec 31, up 20.9% on yr
--IDFC FIRST Bank customer deposits INR 2.83 tln on Dec 31, up 24.4% on yr
--IDFC FIRST Bank: CASA ratio 51.64% on Dec 31 vs 50.07% qtr ago
--IDFC FIRST Bank Oct-Dec cost of funds 6.11% vs 6.23% qtr ago
 

 

By Nandini Sinha

 

MUMBAI – Healthy growth in income and low provisions lifted IDFC FIRST Bank Ltd.'s net profit for the December quarter 48% higher on year to INR 5.03 billion. The bank's bottom line for the reporting quarter was also in line with the Street's estimate of INR 5 billion. Sequentially, the lender's net profit was up 43%. 

 

Meanwhile, the bank's net interest income for the December quarter beat the Street's projection with a growth of 12% on year to INR 54.92 billion. Analysts had estimated the bank's net interest income at INR 53.84 billion for Oct-Dec. The lender's total income for the quarter jumped 13% on year to INR 125.42 billion. On quarter, the total income was up 6%. 

 

IDFC FIRST Bank's provisions for bad loans rose nearly 5% on year to INR 13.98 billion in the December quarter. Sequentially, the bank's provisions fell nearly 4%.

 

The private sector lender's total expenditure rose over 12% on year to INR 105.09 billion in the December quarter. Employees cost rose to INR 16.02 billion, up nearly 13% on year. Other operating expenses were at INR 39.82 billion, up nearly 14%.

 

The lender's loans and advances rose to INR 2.79 trillion as on Dec. 31, up 21% on year and 5% on quarter. Customer deposits as on Dec. 31 were INR 2.83 trillion, up 24% on year and 5% on quarter. The cost of funds was 6.11% for the December quarter, down 38 basis points on year and 12 bps on quarter.

 

IDFC FIRST Bank's gross non-performing assets ratio improved to 1.69% as on Dec. 31 from 1.94% a year ago and 1.86% a quarter ago. However, its net NPA ratio rose a tad to 0.53% as on Dec. 31. The net NPA ratio was at 0.52% at the end of September and as on Dec. 31, 2024. 

 

The net interest margin for the December quarter was 5.76%, down 28 bps on year, but up 17 bps on quarter. Its capital adequacy ratio as per Basel-III norms was 15.84% as on Dec. 31. The current account savings account ratio improved to 51.64% as of December end from 47.74% a year ago and 50.07% a quarter ago.

 

IDFC FIRST Bank's net profit for Apr-Dec was INR 13.17 billion, up nearly 8% on year. The total income for the nine-month period ended December was INR 362.39 billion, up over 12%. Shares of the bank closed slightly up at INR 83.58 on the National Stock Exchange Friday.  End

 

Edited by Tanima Banerjee

 

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