IDFC FIRST Bank Reports Nearly 60% Decline in Net Profit at ₹295.6 Crore for Q4 FY25
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Synopsis
On April 26, IDFC FIRST Bank revealed its Q4 FY25 consolidated net profit of ₹295.6 crore, marking a significant decline of nearly 60% from ₹731.9 crore in the same quarter of FY24. The full FY25 profit totalled ₹1,490 crore, down by almost 50% year-on-year.
Key Takeaways
- Consolidated net profit for Q4 FY25 is ₹295.6 crore.
- Net profit for FY25 decreased by nearly 50% to ₹1,490 crore.
- Net Interest Income rose by 9.8% year-on-year.
- Customer deposits increased by 25.2% year-on-year.
- Gross NPA improved to 1.87% as of March 31, 2025.
Mumbai, April 26 (NationPress) The private banking institution IDFC FIRST Bank announced a consolidated net profit of ₹295.6 crore for the fourth quarter (Q4) of FY25, reflecting a significant decline of nearly 60% from ₹731.9 crore recorded in the same quarter of FY24.
For the entire financial year FY25, net profit was reported at ₹1,490 crore, which represents an almost 50% drop from ₹2,942 crore in the previous year, according to their filing with the stock exchange.
Net Interest Income (NII) increased by 9.8% year-on-year, climbing from ₹4,469 crore in Q4 FY24 to ₹4,907 crore in Q4 FY25. The year-on-year growth of NII for FY25 was 17.3%.
The bank reported that core operating income rose by 8.7%, moving from ₹6,079 crore in Q4 FY24 to ₹6,609 crore in Q4 FY25, with operating income growth for FY25 at 16.7% year-on-year.
Customer deposits saw a remarkable increase of 25.2%, from ₹1,93,753 crore as of March 31, 2024, to ₹2,42,543 crore as of March 31, 2025.
Retail deposits surged by 26.4%, from ₹1,51,343 crore as of March 31, 2024, to ₹1,91,268 crore as of March 31, 2025.
The bank also reported that CASA deposits increased by 24.8%, rising from ₹94,768 crore to ₹1,18,237 crore during the same timeframe.
The bank's Gross NPA improved by 7 bps QoQ, decreasing from 1.94% as of December 31, 2024, to 1.87% as of March 31, 2025. Meanwhile, the Net NPA saw a slight rise of 1 bps QoQ, from 0.52% as of December 31, 2024, to 0.53% as of March 31, 2025.
As per their filing, loans and advances grew by 20.4%, increasing from ₹2,00,965 crore to ₹2,41,926 crore.
The gross slippage for Q4 FY25 amounted to ₹2,175 crore, compared to ₹2,192 crore in Q3 FY25, showing a reduction of ₹17 crore.
