IDFC First Bank Q4 Results Live Updates: Private sector lender IDFC First Bank recorded a 58% fall in net profits to ₹304 crore for the January to March quarter of the 2024-25 fiscal, compared to ₹724 crore in the same period a year ago. The board of directors of IDFC First Bank also proposed a dividend issue of ₹0.25 per share with the financial results for the fourth quarter of FY25 as well as for the full financial year 2024-2025. The approval of the dividend issue will be announced at the upcoming annual general meeting of the bank.
IDFC First Bank Q4 Results Preview
IDFC First Bank is expected to witness a sharp year-on-year (YoY) drop in its net profit for the January-March 2025 quarter due to elevated provisions and asset quality challenges. While the bank’s net interest income (NII) is expected to grow, net interest margin (NIM) may contract due to interest reversals.
Analysts expect IDFC First Bank’s business growth to be healthy, but see a slight deterioration in asset quality ratios. The bank’s management commentary on microfinance exposures and outlook on recovery will be watched. On Friday, IDFC First Bank share price ended 2.19% lower at ₹66.15 apiece on the BSE, ahead of the Q4 results today.
Stay tuned to our IDFC First Bank Q4 Results Live Blog for the latest updates:
