IDFC First Bank Limited has submitted to the Exchange, the financial results for the period ended June 30, 2025.
IDFCFIRSTB · price
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IDFC First Bank reported a 14% YoY rise in total income to about Rs 11,869 crore for Q1 FY26, driven by 9.7% growth in interest earned and a sharp 37.5% jump in other income. However, net profit fell about 32% YoY to Rs 462.6 crore (from Rs 680.6 crore) as provisions surged 67% to Rs 1,659 crore. Deposits grew 26% YoY to Rs 2.65 lakh crore and advances rose 20% to Rs 2.44 lakh crore, while gross NPA ticked up marginally to 1.97% (from 1.90% YoY). Capital adequacy ratio stood at 14.86% and return on assets fell to 0.53% (from 0.91%). Joint statutory auditors Kalyaniwalla & Mistry LLP and M.P. Chitale & Co. issued an unmodified (clean) limited review conclusion, replacing MSKA & Associates from the prior year.
Higher income and strong loan/deposit growth show healthy business expansion, but the sharp jump in provisions and a 32% PAT decline signal stress on asset quality and weaker near-term profitability, which is likely to be viewed negatively by the market.