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IDFC FIRST Bank has announced its financial results for Q3 FY24-25, showcasing a robust performance with ₹11,122.86 crore in total income and a net profit of ₹340.17 crore. The results highlight the bank's steady growth trajectory, driven by strong retail banking operations and prudent cost management.
Total Income: ₹11,122.86 crore (Q3FY25) compared to ₹10,684.32 crore (Q2FY25) and ₹9,396.06 crore (Q3FY24)
Net Profit: ₹340.17 crore (Q3FY25) versus ₹211.94 crore (Q2FY25) and ₹732.09 crore (Q3FY24).
Interest Earned: ₹9,342.99 crore (Q3FY25), up from ₹8,957.02 crore (Q2FY25) and ₹7,879.50 crore (Q3FY24).
Provisions (other than tax) and Contingencies (Net): ₹1,337.92 crore, showing a reduction from ₹1,731.94 crore in Q2FY25.
Advances: ₹2,23,103.93 crore (Q3FY25), compared to ₹1,82,268.94 crore in Q3FY24.
IDFC FIRST Bank's quarterly performance reflects consistent growth across key financial metrics. The bank's operating profit (before provisions and contingencies) stood at ₹1,760.08 crore, while operating expenses reached ₹4,922.29 crore for the quarter. Interest expenses rose to ₹4,440.49 crore, maintaining cost-efficiency amidst expansion.
Earnings per share (EPS) for Q3FY25 stood at ₹0.46 (Basic and Diluted), an improvement from ₹0.28 in Q2FY25 but lower than ₹1.04 in Q3FY24.
Treasury: Revenue: ₹6,592.72 crore (Q3FY25) compared to ₹6,363.13 crore (Q2FY25) and ₹4,455.17 crore (Q3FY24).
Retail Banking: Digital Banking Revenue: ₹12,215.63 crore (Q3FY25), up from ₹11,741.64 crore (Q2FY25) and ₹10,088.82 crore (Q3FY24).
Wholesale Banking: Revenue: ₹2,327.84 crore (Q3FY25) compared to ₹2,192.45 crore (Q2FY25) and ₹2,057.27 crore (Q3FY24).
Digital Banking: Revenue: ₹2,097.53 crore (Q3FY25), up from ₹1,986.88 crore (Q2FY25) and ₹1,581.84 crore (Q3FY24).
IDFC FIRST Bank reported a total income of ₹11,122.86 crore in Q3 FY25, up from ₹10,684.32 crore in Q2 FY25 and ₹9,396.06 crore in Q3 FY24.
Net profit stood at ₹340.17 crore, an increase from ₹211.94 crore in Q2 FY25, but a decrease from ₹732.09 crore in Q3 FY24.
Interest earned rose to ₹9,342.99 crore, reflecting growth from ₹8,957.02 crore in Q2 FY25 and ₹7,879.50 crore in Q3 FY24.
Provisions (other than tax) and contingencies decreased to ₹1,337.92 crore, down from ₹1,731.94 crore in Q2 FY25.
Advances grew to ₹2,23,103.93 crore, compared to ₹1,82,268.94 crore in Q3 FY24.
These results reflect continued growth and stability for the bank, driven by strategic expansion in loan books, a strong performance in retail banking, and efficient cost management.
IDFC FIRST Bank continues to grow robustly, with customer deposits increasing by 29% YoY to ₹2,27,316 crore, supported by a sustained CASA ratio of 48%. Loans and advances expanded by 22% YoY, reaching ₹2,31,074 crore.
Mr. V Vaidyanathan, Managing Director and CEO, stated, “The credit issues in the microfinance segment are a transitionary issue which is likely to be resolved within a few quarters. The bank built this business because it was important from priority sector lending norms point of view, particularly meeting PSL norms for weaker sections and small and marginal farmers.”
He added, “All other businesses being built as part of universal banking, including deposits, loans, Credit Cards, Wealth, Cash Management, Corporate Banking, Fastag, Gold Loans are doing well. Over the next few years, the C:I will come down because of operating leverage, as we scale up. As mentioned earlier, the bank is growing steadily in scale.”
Metric | Q3FY25 (₹ in crore) | Q2FY25 (₹ in crore) | Q3FY24 (₹ in crore) |
Total Income | 11,122.86 | 10,684.32 | 9,396.06 |
Interest Earned | 9,342.99 | 8,957.02 | 7,879.50
|
Interest Expended | 4,440.49 | 4,168.73 | 3,592.35 |
Operating Profit (Before Provisions and Contingencies) | 1,760.08 | 1,977.03 | 1,516.56 |
Net Profit | 340.17 | 211.94 | 732.09 |
Provisions (other than tax) and Contingencies (Net) | 1,337.92 | 1,731.94 | 654.81 |
EPS (Basic/Diluted) | 0.46 | 0.28 | 1.04/1.03 |
Operating Expenses | 4,922.29 | 4,538.56 | 4,219.16 |
Source: IDFC First Bank’s Financial Data for Q3 FY25, submitted on BSE.
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