IDFC First Bank Ltd's Q4FY25 Quarter Results
- 4d ago
Result Summary
- IDFC First Bank Ltd reported a 11.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Mar (Q4FY25). On a year-on-year (YoY) basis, it witnessed a growth of 26.1%.
- Its expenses for the quarter were down by 12.5% QoQ and up 31.2% YoY.
- The net profit increased 115.2% QoQ and decreased 10.3% YoY.
- The earnings per share (EPS) of IDFC First Bank Ltd stood at 1 during Q4FY25.
Financial Statments for Q4FY25
| (₹ crores) | Q4FY25 | Q3FY25 | Q4FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 9862.50 | 11122.86 | 7822.23 | -11.3% | 26.1% |
Total Expenses | 8191.81 | 9362.78 | 6245.41 | -12.5% | 31.2% |
Provisions & contingencies | 722.31 | 1337.92 | 482.43 | -46.0% | 49.7% |
Profit Before Tax | 948.38 | 422.16 | 1094.39 | 124.6% | -13.3% |
Tax | 216.48 | 81.99 | 278.27 | 164.0% | -22.2% |
Profit After Tax | 731.90 | 340.17 | 816.12 | 115.2% | -10.3% |
Earnings Per Share | 1.00 | 0.50 | 1.30 | 100.0% | -23.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
IDFC First Bank Ltd is a prominent player in the banking industry in India. It offers a wide array of financial products and services, including retail banking, corporate banking, and asset management. The bank has been focusing on expanding its retail banking segment, which includes savings accounts, current accounts, fixed deposits, and loans. While the specific developments for IDFC First Bank Ltd leading up to Q4FY25 are not provided, the bank has previously been known for its efforts in digital banking and enhancing customer experience through technology. It is crucial to note that the financial data presented does not provide any explicit details about recent strategic initiatives or corporate developments for the company.
Revenue
In Q4FY25, IDFC First Bank Ltd reported a total income of ₹9862.50 crores, which reflects a decline of 11.3% from the previous quarter's total income of ₹11122.86 crores. However, when compared to the same quarter from the previous year (Q4FY24), there is a notable increase of 26.1%, as the total income was ₹7822.23 crores then. The year-over-year growth in total income indicates a significant improvement in the company's revenue over the year, despite the sequential decline from the last quarter. This sequential decline in total income is a notable trend in the company's revenue performance for the quarter.
Profitability
The profitability metrics for IDFC First Bank Ltd in Q4FY25 show a mixed performance. The profit before tax for the quarter stands at ₹948.38 crores, which is an impressive 124.6% increase from the previous quarter's figure of ₹422.16 crores. However, this is a 13.3% decrease from the profit before tax of ₹1094.39 crores reported in Q4FY24. The tax expense for Q4FY25 was ₹216.48 crores, more than doubling from the previous quarter's ₹81.99 crores, marking a 164% increase but was lower than the ₹278.27 crores from Q4FY24, a 22.2% decline year-over-year. Consequently, the profit after tax for Q4FY25 is ₹731.90 crores, indicating a 115.2% increase from Q3FY25's ₹340.17 crores but a 10.3% decrease from Q4FY24's profit after tax of ₹816.12 crores. The earnings per share for Q4FY25 is ₹1.00, which doubled from Q3FY25's ₹0.50 but decreased by 23.1% from Q4FY24's ₹1.30.
Operating Metrics
The total expenses for IDFC First Bank Ltd in Q4FY25 amounted to ₹8191.81 crores, showing a decline of 12.5% compared to ₹9362.78 crores in Q3FY25. Compared to Q4FY24, where expenses were ₹6245.41 crores, there is a year-over-year increase of 31.2%. Provisions and contingencies saw a significant reduction of 46.0% quarter-over-quarter, from ₹1337.92 crores in Q3FY25 to ₹722.31 crores in Q4FY25, while the year-over-year increase is 49.7% from ₹482.43 crores in Q4FY24. These changes suggest fluctuations in the bank's approach to managing risk and expenses, which are critical components of its operating performance. The significant quarterly reduction in provisions may have contributed to the improvement in profitability from the previous quarter.
