India's IDFC FIRST Bank falls as Q4 profit more than halves

IDFC First Bank

28/04/2025 06:34

** IDFC FIRST Bank IDFB.NS falls as much as 4.5% to 63.11 rupees

** Co's Q4 net profit falls 58% y/y fall as the bank doubled its provisions, keeping more funds aside to cover potential losses

** Jefferies says high credit costs, net interest margins (NIM) drag from microfinance loans resulted in weak Q4

** Expects trends to improve from Q2 FY26 as margin pressures from rate cuts start to normalise

** Bank's NIM fell 9 bps q/q to 5.95% in Q4

** Stock rated "hold" on avg; median PT is 69 rupees, per data compiled by LSEG

** YTD, IDFB gains 4.1%

 (Reporting by Ashish Chandra in Bengaluru)

 ((ashish.chandra@thomsonreuters.com (+91 7982114624))