Street View: India's IDFC First Bank core trends seen improving despite one-off hit to Q4 profit

IDFC First Bank

27/04/2026 09:13

** Shares of IDFC First Bank IDFB.NS up 2.23% at 68.71rupees

** Private bank posted nearly 5% y/y increase in net profit to 3.19 billion rupees ($33.86 million) on Saturday

** Co had earlier disclosed a deposit-related fraud of about 6.45  billion rupees

STRONGER UNDERLYING PERFORMANCE DESPITE FRAUD-LINKED HIT TO PROFIT

** Jefferies ("Buy"; TP: 82 rupees) says Q4 profit beat estimates due to lower credit costs and higher fees; expects improving credit costs to support profitability ahead

** BofA Securities ("neutral"; TP: 75 rupees) points to stronger margins and sequentially improving asset quality, which should aid gradual recovery in return ratios

** Nomura ("buy"; TP: 85 rupees) says resilient margins and improving slippage trends supporting earnings recovery

** UBS ("sell"; TP: 70 rupees) says underlying net interest income remained strong, but flags bank's return profile still lags peers

($1 = 94.2100 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))