IDFC First Bank Q4 Results: Net Profit Down 58%

IDFC First Bank’s Q4 Results are out now. The bank reported 304 Crores of Net Profit, which is 58% down from last year’s quarter. The Board has approved a dividend of Rs. 0.25 per share.

IDFC First Bank Customer Deposits increased 25.2% YOY from Rs. 1,93,753 crore as of March 31, 2024, to Rs. 2,42,543 crore as of March 31, 2025. Retail Deposits grew by 26.4% YOY from Rs. 1,51,343 crore as of March 31, 2024, to Rs. 1,91,268 crore as of March 31, 2025.

CASA Deposits grew by 24.8% YOY from Rs. 94,768 crore as of March 31, 2024, to Rs. 1,18,237 crore as of March 31, 2025. Credit cards issued by the Bank crossed the 3.5 million mark during the last quarter. Wealth Management AUM (including deposit balances) grew 27% YoY to touch Rs. 42,665 crore.

Loans and Advances increased by 20.4% YOY from Rs. 2,00,965 crore as of March 31, 2024, to Rs. 2,41,926 crore as of March 31, 2025. Retail, Rural and MSME book grew by 18.6% YoY from Rs. 1,66,604 crore as of March 31, 2024, to Rs. 1,97,568 crore as of March 31, 2025.

Also Read: Yes Bank Q4 Results

Provisions for FY25 stood at Rs. 5,515 crore (2.46% of the loan book), driven by the higher slippages in the micro-Finance book. Net Profit for Q4-FY25 was Rs. 304 Crore as compared to Rs 724 crore in Q4 FY24. For the full year FY25, the Net profit decreased by 48.4% on a YoY basis to Rs. 1,525 crore, largely impacted by the issues in the microfinance industry.

The Board has approved the fresh equity capital raise of ~ Rs. 7,500 crore through issuance of Compulsorily Convertible Preference Shares (CCPS) to Currant Sea Investments B.V., an affiliate company of Warburg Pincus LLC and Platinum Invictus B 2025 RSC Limited, a wholly owned subsidiary of private equity division of Abu Dhabi Investment Authority (ADIA), subject to Shareholders’ and Regulatory approvals.