India's IDFC First bank jumps on quarterly profit rise, stable asset quality

IDFC First Bank

20/10/2025 06:55

** Shares of IDFC First Bank IDFB.NS rise as much as 6.91% to 76.85 rupees, a three-month high

** Lender posts 64% on-year rise in consolidated net profit in the second quarter, after market hours on Friday

** Key positives are sequential reduction in micro finance slippages, stable asset quality and healthy growth in loans and deposits, says Jefferies

** Brokerage reiterates "buy" while raising PT to 85 rupees from 82 rupees, implying 18% upside

** Emkay Global reiterates "add", expects asset quality recovery to accelerate in second half of FY26

** Centrum says earnings improvement in sight

** Average rating of 18 analysts tracking IDFB is "buy"; median PT is 80 rupees, data compiled by LSEG shows

** IDFB shares up 13.8% in 2025, mirroring 5.2% rise in the private bank index .NIFPVTBNK, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))