Key numbers and Comparison QoQ/YoY
Result Date: 26 Oct, 2024
| Q2 FY25 (Cr) | Q1 FY25 | Change | Q2 FY24 | Change | |
| Revenue | 8957 | 8789 | 1.91% | 7356 | 21.76% |
| Operating Profit (Pre provision) | 1962 | 1882 | 4.25% | 1510 | 29.93% |
| Provisions | 1732 | 994 | 74.25% | 528 | 228.03% |
| Profit after tax | 201 | 681 | -70.48% | 751 | -73.24% |
Positive aspects
- Strong growth of 32.4% YoY in Customer Deposits, reaches Rs. 2,18,026 Cr
- Healthy growth of 21.5% YoY in Total Loan Book, reaches Rs. 222,613 Cr
- Net NPA: 0.48%
- Long Term Credit Rating of AA+
- Capital adequacy ratio was strong at 16.36% with CET-I ratio of 13.84%
Negative aspects
- Provisions for Q2 FY25 at 1,732 Cr (due to MFI and legacy infrastructure account)
Other highlights
- IDFC First Bank FY29 Target:
- Deposit: Rs 585000 Cr
- Total Assets: Rs 700000 Cr
- Profit: Rs 12000-13000 Cr
