IDFCFIRSTB · Financial Services
Profit grew much faster than net interest income. Lower provisions, treasury gains or tax?
Net profit +75.1% on the year against net interest income +6.8% (interest earned ₹9,937 cr less interest paid ₹4,824 cr).
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed, Asset quality (lenders), Net interest margin (lenders). Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
Lenders are read on NIM, asset quality, provision cover and credit cost. Those come from the filing read, which is not in yet for this quarter, so margin, other-income and cash checks are withheld rather than shown on a template built for manufacturers.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | ₹7,879 cr | ₹8,219 cr | ₹8,789 cr | ₹8,957 cr | ₹9,343 cr | ₹9,413 cr | ₹9,642 cr | ₹9,937 cr | ₹10,417 cr | ₹10,553 cr | ₹11,051 cr | ₹11,922 cr |
| YoY | — | — | +28% | +22% | +19% | +15% | +10% | +11% | +11% | +12% | +15% | +20% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 21% | 23% | 23% | 13% | 19% | 16% | 20% | 18% | 21% | — | 24% | 25% |
| Net profit | ₹716 cr | ₹724 cr | ₹681 cr | ₹201 cr | ₹339 cr | ₹304 cr | ₹463 cr | ₹352 cr | ₹503 cr | ₹319 cr | ₹1,075 cr | ₹1,045 cr |
| YoY | — | — | −11% | −73% | −53% | −58% | −32% | +75% | +48% | +5% | +132% | +197% |
| EPS | ₹1.01 | ₹1.02 | ₹0.96 | ₹0.27 | ₹0.46 | ₹0.42 | ₹0.63 | ₹0.48 | ₹0.58 | ₹0.37 | ₹1.25 | ₹1.21 |
| Flags | · | · | · | · | · | · | · | 1 | 1 | 1 | 1 | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
IDFC First Bank Ltd. reported total income of ₹9,937 cr (+10.9% on the year) and net profit of ₹352 cr (+75.1% on the year) for July to September 2025.
1 check raised a question: Profit grew much faster than net interest income. Lower provisions, treasury gains or tax?
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