IDFC FIRST Bank : Betting on promoter

https://youtu.be/udmoLKfRviw?si=xOplFE3nn7Gni2NA 


  • IDFC FIRST Bank : Betting on promoter
  • RoA stood at 0.91% and RoE stood at 8.32% in Q1 FY25.  
  • Total Deposits of the Bank increased by 35.8% YOY from Rs. 1,54,427 crore as of June 30, 2023 to Rs. 2,09,666 crore as of June 30, 2024.
  • Loans and Advances (including credit substitutes) increased by 22.0% YOY from Rs. 1,71,578 crore as of June 30, 2023 to Rs. 2,09,361 crore as of June 30, 2024.  
  • Net NPA of the bank has improved from 0.70% as of June 30, 2023 to 0.59% of June 30, 2024, improved by 11 bps on YOY basis.  
  • Operating Expense grew by 21% YOY from Rs. 3,659 crore in Q1 FY24 to Rs. 4,432 crore in Q1 FY25.
  • Net Profit de-grew 11% YOY from Rs. 765 crore in Q1 FY24 to Rs. 681 crore in Q1 FY25. Excluding trading gains from respective period, the degrowth in profit was at 7% YOY.  
  • RoA stood at 0.91% and RoE stood at 8.32% in Q1 FY25.   


About the author

Hi, My Name is Rounaq Bakshi.

I am investing in Indian Markets from 2012 with focus on fundamental analysis.                                                                                      

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