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IDFC First Bank Ltd.

IDFCFIRSTBFinancial Services filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

17 transcript(s)/analyst meet(s) served; 1 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 17 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
TRANSCRIPT202205042022-03-31yes
TRANSCRIPT202208042022-06-30yes
TRANSCRIPT202210282022-09-30yes
TRANSCRIPT202301302022-12-31yes
TRANSCRIPT202305062023-03-31yes
TRANSCRIPT202308042023-06-30yes
TRANSCRIPT202311032023-09-30yes
TRANSCRIPT202401252023-12-31yes
COVER_LETTER202405022024-03-31no
TRANSCRIPT202410302024-09-30yes
TRANSCRIPT202501302024-12-31yes
TRANSCRIPT202505032025-03-31yes
TRANSCRIPT202507312025-06-30yes
TRANSCRIPT202510232025-09-30yes
TRANSCRIPT202602052025-12-31yes
TRANSCRIPT202604302026-03-31yes
TRANSCRIPT202607312026-06-30yes

IDFCFIRSTB

files the banking form. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisionbanking
Scope servedconsolidated
Panels on this page5

Market

No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.

Last close83.76
52-week range58.85 – 87.9
Return 1M-1.46%
Return 3M5.73%
Return 1Y19.59%
Return 3Y-11.18%
Return 5Y77.83%
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Interest earned11,051.00
Interest on advances and bills9,438.00
Income on investments1,475.00
Interest on balances with the RBI and interbank funds61.00
Other interest76.00
Interest expended5,077.00
Other income2,310.00
Total income13,361.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter groupnot disclosed—
institutions foreign0.36-0.00
institutions domestic0.240.02
mutual funds0.130.02
public1.000.00

Documents on file

ClassMost recentOn file
COVER_LETTER2024-03-311
TRANSCRIPT2026-06-3016

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Cash flow, as filed

Line2022-09-302023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Net cash from operating activities2,059.007,736.0011,543.0040.0014,465.00590.006,817.00
Net cash from investing activities-6,600.00-4,719.00-9,887.003,383.00-3,478.00-9,956.00-14,143.00
Net cash from financing activities3,690.00-3,746.00-2,954.00-1,323.00-8,673.009,189.004,972.00
Purchase of property, plant and equipment461.00671.001,374.00543.00919.00363.00777.00
Net increase in cash-852.00-729.00-1,298.002,102.002,319.00-169.00-2,333.00
con:CFO.BEFORE_TAX2,109.008,130.0012,350.00511.0014,666.001,005.007,070.00
con:INTEREST_RECEIVED.OPERATING0.000.000.000.000.000.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.000.000.00
con:TAX_PAID.OPERATING50.00394.00807.00471.00201.00415.00254.00
con:CF_OTHER.OPERATING0.000.000.000.000.000.000.00
con:INVESTMENTS_PURCHASED6,145.004,053.008,723.00-3,918.002,592.009,606.0013,394.00
con:INVESTMENTS_SOLD0.000.000.000.000.000.000.00
con:PPE_DISPOSALS5.000.00210.009.0033.0013.0028.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.000.000.000.000.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.000.000.000.00

Quarterly results, as filed

Line2022-09-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Interest earned5,470.007,356.007,880.008,220.008,789.008,957.009,343.009,413.009,642.009,937.0010,417.0010,553.0011,051.00
Interest on advances and bills4,603.006,325.006,747.006,999.007,367.007,581.007,915.007,971.008,136.008,320.008,776.008,967.009,438.00
Income on investments802.00968.001,035.001,173.001,328.001,282.001,314.001,394.001,432.001,479.001,526.001,512.001,475.00
Interest on balances with the RBI and interbank funds24.0022.0021.0023.0024.0033.0029.0028.0025.0034.0034.0038.0061.00
Other interest40.0043.0076.0025.0070.0061.0085.0019.0049.00104.0081.0036.0076.00
Interest expended2,467.003,406.003,592.003,750.004,093.004,169.004,440.004,505.004,709.004,824.004,924.004,876.005,077.00
Other income1,061.001,410.001,517.001,642.001,574.001,727.001,780.001,895.002,227.001,891.002,125.001,630.002,310.00
Total income6,531.008,766.009,396.009,862.0010,363.0010,684.0011,123.0011,308.0011,869.0011,828.0012,542.0012,183.0013,361.00
Employee benefit expense1,045.001,377.001,405.001,519.001,534.001,617.001,614.001,736.001,761.001,878.002,043.002,004.002,130.00
Operating expenses2,880.003,849.004,219.004,442.004,422.004,539.004,922.005,008.004,930.005,129.005,608.006,237.005,658.00
Expenditure excluding provisions and contingencies5,347.007,255.007,812.008,192.008,516.008,707.009,363.009,514.009,639.009,953.0010,533.0011,113.0010,735.00
Operating profit before provisions1,184.001,511.001,585.001,671.001,847.001,977.001,760.001,795.002,230.001,876.002,009.001,070.002,626.00
Provisions and contingencies424.00528.00655.00722.00994.001,732.001,338.001,450.001,659.001,452.001,398.00869.001,144.00
Exceptional items0.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax760.00983.00930.00948.00853.00245.00422.00344.00571.00424.00611.00201.001,482.00
Tax expense193.00236.00198.00216.00210.0033.0082.0049.00118.0076.00132.00-130.00334.00
Profit for the period567.00747.00732.00732.00643.00212.00340.00296.00453.00348.00479.00331.001,148.00
Profit attributable to owners567.00747.00732.00732.00643.00212.00340.00296.00453.00348.00479.00331.001,148.00
Profit attributable to non-controlling interests0.000.000.000.000.000.000.000.000.000.000.000.000.00
con:SHARE_OF_ASSOCIATES0.000.000.000.000.000.000.000.000.000.000.000.000.00
Earnings per share, basic0.911.121.041.040.910.280.460.400.620.350.540.381.33
Earnings per share, diluted0.901.111.031.020.900.280.460.400.610.350.540.381.32

Annual results, as filed

Line2024-03-312025-03-312026-03-31
Interest earned30,325.0036,502.0040,549.00
Interest on advances and bills25,916.0030,835.0034,199.00
Income on investments4,118.005,317.005,950.00
Interest on balances with the RBI and interbank funds94.00115.00131.00
Other interest198.00235.00270.00
Interest expended13,870.0017,208.0019,333.00
Other income5,932.006,977.007,874.00
Total income36,257.0043,478.0048,422.00
Employee benefit expense5,634.006,502.007,686.00
Operating expenses16,148.0018,892.0021,904.00
Expenditure excluding provisions and contingencies30,018.0036,099.0041,237.00
Operating profit before provisions6,239.007,379.007,186.00
Provisions and contingencies2,382.005,515.005,379.00
Profit before exceptional items and tax—1,864.001,807.00
Exceptional items0.000.000.00
Profit before tax3,857.001,864.001,807.00
Tax expense915.00374.00196.00
Profit for the period2,942.001,490.001,611.00
Profit attributable to owners2,942.001,490.001,611.00
Profit attributable to non-controlling interests0.000.000.00
con:SHARE_OF_ASSOCIATES0.000.000.00
Earnings per share, basic4.302.041.89
Earnings per share, diluted4.232.031.88

Balance sheet, as filed

Line2022-09-302023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Capital6,221.006,722.007,070.007,483.007,322.008,589.008,890.00
Reserves and surplus15,931.0021,041.0025,204.0029,493.0030,834.0037,965.0038,514.00
Deposits123,414.00171,115.00200,570.00223,558.00252,010.00276,737.00294,312.00
Borrowings56,643.0053,166.0050,936.0046,351.0038,984.0040,792.0036,633.00
Other liabilities and provisions10,607.0012,676.0012,430.0013,666.0014,759.0018,250.0021,426.00
Total equity and liabilities212,817.00264,720.00296,210.00320,552.00343,909.00382,334.00399,775.00
Cash and balances with the RBI7,952.0010,945.0010,988.0012,264.0013,985.0012,215.0011,311.00
Balances with banks and money at call6,899.002,104.001,493.002,319.001,114.003,286.001,456.00
Investments50,376.0062,922.0074,500.0076,118.0080,505.0091,569.0085,646.00
Advances134,762.00174,814.00194,592.00215,061.00233,113.00257,101.00280,391.00
Property, plant and equipment1,647.002,516.002,675.002,821.002,736.002,658.002,626.00
Other assets11,182.0011,418.0011,962.0011,968.0012,456.0015,505.0018,346.00
Total assets212,817.00264,720.00296,210.00320,552.00343,909.00382,334.00399,775.00

Asset quality and capital, as filed

Line2023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Gross non-performing assets0.000.000.000.000.000.000.000.000.000.000.000.00
Net non-performing assets0.000.000.000.000.000.000.000.000.000.000.000.00
Gross NPA, per cent0.000.000.000.000.000.000.000.000.000.000.000.00
Net NPA, per cent0.000.000.000.000.000.000.000.000.000.000.000.00
Return on assets0.000.000.000.000.000.000.000.000.000.000.000.00
CET-1 ratio0.000.000.000.000.000.000.000.000.000.000.000.00
Additional Tier-1 ratio0.000.000.000.000.000.000.000.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2024-07-042024-09-302024-10-112024-12-312025-03-312025-06-302025-08-012025-08-192025-09-302025-10-082025-10-272025-12-312026-03-312026-06-30
Promoter and promoter group35.3935.370.000.000.00—————————
Domestic institutions12.8211.7416.2016.1419.3023.4023.7224.040.240.220.210.220.230.24
Mutual funds—————10.9511.2711.630.120.100.100.110.110.13
Insurance companies8.959.0610.5610.9011.3611.9911.9711.930.120.110.100.110.110.11
Foreign institutions19.9119.5727.3027.1225.6823.8024.5324.280.250.320.360.370.370.36
Government—————9.159.159.150.090.080.080.080.080.08
Public64.6164.63100.00100.00100.00100.00100.00100.001.001.001.001.001.001.00
Non-institutional28.3729.8047.3347.5845.8643.6542.6042.530.420.380.360.330.330.32
Shares outstanding74779960397482731991731626951973200453367322106984733432585673354013317336618805733926196181519566838589142349859568883386016992488614735794

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
IDFC FIRST Bharat LimitedSubsidiaryAny other transaction, Interest paid7,010,000,000.008
Goldman Sachs (India) Capital Markets Private LimitedInterested entity of KMP/DirectorsAny other transaction5,765,400,000.004
Reliance General Insurance Company LimitedInterested entity of KMP/DirectorsAny other transaction2,507,400,000.006
IDFC Financial Holding Company LimitedPromoter GroupAny other transaction, Interest paid2,500,800,000.003
Mr. Vishal MahadeviaDirectorAny other transaction, Interest paid583,000,000.002
IDFC LimitedPromoter GroupAny other transaction, Interest paid531,700,000.003
Warburg Pincus India Private LimitedInterested entity of KMP/DirectorsAny other transaction, Interest paid336,400,000.003
Mr. Sanjeeb ChaudhuriDirectorAny other transaction, Interest paid147,600,000.005
Mr. Rajesh KrishnamoorthyDirector in Subsidiary CompanyAny other transaction, Interest paid, Remuneration102,900,000.004
Mr. Mahendra N ShahDirectorAny other transaction, Interest paid72,700,000.003
Mr. Sudhanshu JainKey Managerial Personnel (KMP)Any other transaction, Interest paid, Remuneration57,100,000.004
Mr. Sudhir VohraRelative of KMP/DirectorAny other transaction, Interest paid51,200,000.003
Mr. S. Ganesh KumarDirectorAny other transaction, Interest paid, Remuneration41,900,000.005
Mr. Aashish KamatDirectorAny other transaction, Interest paid, Remuneration38,700,000.005
Mr. Ashish SinghDirector in Subsidiary CompanyAny other transaction, Interest paid, Remuneration38,500,000.004

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-07-31Q1FY27CHIEF EXECUTIVE OFFICERRead the call
2026-04-30Q4FY26Read the call
2026-02-05Q3FY26Read the call
2025-10-23Q2FY26Read the call
2025-07-31Q1FY26CHIEF EXECUTIVE OFFICER, RELATIONSRead the call
2025-05-03Q4FY25CHIEF EXECUTIVE OFFICER, RELATIONSRead the call
2025-01-30Q3FY25CHIEF EXECUTIVE OFFICER, HEAD CORPORATE CENTER, RELATIONSRead the call
2024-10-30Q2FY25Read the call
2024-01-25Q3FY24Read the call
2023-11-03Q2FY24HEAD,, SAPTARSHIRead the call
2023-08-04Q1FY24Read the call
2023-05-06Q4FY23BANKRead the call
2023-01-30Q3FY23Read the call
2022-10-28Q2FY23BANK LIMITED.Read the call
2022-08-04Q1FY23BANK LIMITEDRead the call
2022-05-04Q4FY22BANKRead the call

Some earlier announcements under this heading are covering letters only — no transcript was attached.

What they said about it, quarter by quarter

TopicQ3FY23Q3FY24Q3FY25Q3FY26Q4FY22Q4FY23Q4FY25Q4FY26
Capex————————
Capital allocationOr from where we will compensate what we are losing on the customer acquisition there?———Similarly, if I were to see how much of your asset side customer, what could be the proportion of savings account which is coming from your existing a…—The Board in its meeting today has recommended a dividend of 25 bps for FY 25.This has been calculated after IDFC First Bank Limited April 25, 2026 considering dividend of Rs.
Costs———And what is the effect on cost of savings from the change that we have taken in January?———So it's been like almost 2 months since the war started and we keep getting news on supply chain disruption, raw material cost.
Debt and cash—Asset quality is good, they're all cash flow analyzed, they're risk adjusted, they make good returns, and they are shareholder value accretive, fundam…The business banking segment, which is essentially working capital backed by FDs and property as a collateral.———The business banking, which is largely IDFC First Bank Limited April 26, 2025 secured working capital that has grown at 32% on a Y-o-Y basis then the …—
DemandSo we feel quite comfortable and a strong demand holding up on the loan front.Growth in certain segments like vehicles and consumer were also relatively higher on account of higher demand due to festive seasons and our increasin…——But then we are preparing for the whole year, we are seeing a strong demand coming up.——Now as I talk about the crisis, the West Asia crisis, which is currently going on, what we have done is we have undertaken a comprehensive review of o…
GuidanceFor the nine months, the annualized credit cost was low at 1.1% against our guidance of 1.5%.The key highlights for this quarter is that we have come out with Guidance 2.0.So our guide is that we are seeing this clearly growing.Now I would like to finally close this by giving a quick input to you on how our operating expenses as a percentage of the book is today and what we e…It's not hard to see why this number should come down to 2% as per our guidance.For the full year it was at 1.16%, much lower than our earlier guidance of 1.5%.And the sequential increase in provisions was also primarily due to MFI, and this was in line with the guidance which we had given in the previous ear…And I came and said that we expect this to be a profitable quarter because we knew the credit cost of this quarter is going to be quite low because th…
MarginSo since we have a really fantastic retail lending machine, which is of delivering of good asset quality, we feel confident to keep power of EBITDA to…The net interest margin improved by 10 basis points on a sequential basis to 6.42%.The net interest margin on AUM for the quarter was at 6.04%.Now we'd like to then say what is the risk-adjusted net interest margin for the bank.The net interest margin improved to 6.27% for Q4 FY22 from 5.17% in Q4 FY21 driven largely by decrease in cost of funds and however the asset yield st…We have to put in a 67% growth as compared to FY22. My question is, given that a significant portion of the operating leverage is still to play out in…IDFC First Bank Limited April 26, 2025 The net interest margin on AUM for the quarter is 5.95%.On top of it, we don't need to keep too much margin on top of it.
People——If you remember that we had created contingent provision of about INR315 crores against microfinance portfolio in the previous quarter, but we have no…—Other than this we have also observed increased tech hiring and marketing regarding the same from IDFC’s side on platforms like LinkedIn and YouTube.———
PricingPricing is, let me say, in the middle of the band.—Are we building in any transfer pricing income in the interest income for the liability business?—The bank plans to grow corporate book going forward based on the right opportunities, pricing and the assessment of risk.So, on savings accounts we give them a particular transfer pricing which is the benchmark for them and the difference between their transfer pricing a…——
Revenue growthWheels segment, which includes two-wheeler and cars, registered strong growth of 50% on account of the festive demand and our increasing distribution.That is how we saw growth of close to about Rs.If I move on to the asset side of the picture, the overall funded assets registered a strong growth of 22% on a Y-o-Y basis to reach INR2.31 lakh cror…Within deposits, the growth primarily came from CASA deposits, which I am happy to report that it has touched INR1.5 lakh crores in December with a st…So, we will break out of our CAGR growth of 6% and get into the normal growth league which all, let me say good quality private sector banks are growi…Wheel segment which includes 2-wheelers and car, registered strong growth of 53% on account of festive demand and our increased distribution.If I quickly move on to the asset side, then on the funded assets, we have registered a strong growth of 20.4% on a Y-o-Y basis to reach Rs.284,000 crores, and there the growth was about 17%.