IDFC FIRST BANK PROFITS DROP 73%, Future Prospects and MORE

IDFC First bank has come up with their Q2 FY25 results.

IDFC First Bank has reported a 70% fall in profits YoY. This fall in profits is due its provision being covered for Microfinance loans and Infra structure loan related to a toll road account.

Management expects the steady profit growth starting from FY27.

Their Net interest Income has shown good growth. Net interest margins has almost remained flat.

Operating profits seems to have grown steadily, it is expected grow steadily further. Operating margins are also showing steady growth over a period of time.

IDFC First bank has issues a 3.1 million credit cards over last 5 years starting from a zero base, which seems to be growing steadily

Source: IDFC First bank Investor presenetation
Image soruce: Pixabay

Disclaimer: This information is only for eduction purpose only, and should NOT be considered as recommendation.

#IDFCFirstBank #idfcfirstbanksharelatestnews #IdfcFirstBankMerger #idfcfirstbankstocknews #investmentindia #investing #Finance #indianstockmarket #indiansharemarket