Partner With Us NRI

IDFC First Bank Ltd share Price

Company details

6M Return 76.62%
1Y Return 102.22%
Mkt Cap.(Cr) 63,332.30
Volume 28,194,744
Div Yield 0.00%
OI Chg %
Volume 28,194,744

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500
Gradual decline in CI ratio to aid RoA…
About The Stock

    IDFC First Bank was formed by the merger of the erstwhile IDFC Bank and Capital First in 2018. Retailisation of its business has been the key focus.

    • Retail and commercial funded assets form 72% of total funded assets
    • Branch network is at 641 as on March 2022

    Q4FY22 Results: IDFC First Bank reported a healthy operational performance.

    • GNPA down 27 bps QoQ to 3.7%; gross slippages at ₹ 1400 crore
    • NII up 36.2% YoY, NIMs up 37 bps QoQ to 6.27%, C/I steady at 76%
    • Provisions down 36% YoY; PAT up 128% YoY to ₹ 342.7 crore
    • Funded assets up 12.7% YoY at ₹ 1.3 lakh crore, retail grew 28% YoY

Click here for full recommendation

Research view on more stocks

IDFC First Bank announced Q1FY24 results:

  • Net profit for Q1FY24 grew 61% YoY from Rs 474 crore in Q1FY23 to Rs 765 crore in Q1FY24 driven by strong growth in core operating income.
  • Core operating Profit (pre-provision operating profit excluding trading gains) grew strongly by 45% YoY from Rs 987 crore in Q1FY23 to Rs 1,427 crore for Q1FY24.
  • Net interest income (NII) grew 36% YoY from Rs 2,751 crore in Q1FY23 to Rs 3,745 crore in Q1FY24.
  • Net interest margin (gross of IBPC and selldown) was 6.33% in Q1FY24 as compared to 5.77% in Q1FY23 and 6.41% in Q4FY23.
  • Fee and other income grew by 49% YoY from Rs 899 crore in Q1FY23 to Rs 1,341 crore in Q1FY24. Retail fees constitute 91% of the overall fees for Q1FY24.
  • Core operating income (NII plus Fees, excluding trading gains) grew 39% from Rs 3,650 crore in Q1FY23 to Rs 5,086 crore in Q1FY24.
  • Operating expenses grew by 37% YoY from Rs 2,663 crore in Q1FY23 to Rs 3,659 crore in Q1FY24, primarily on account of employee increments, branch expansion, and an increase in business volumes.
  • Provisions increased 55% YoY from Rs 308 crore in Q1FY23 to Rs 476 crore in Q1FY24. The credit cost (quarterly annualized) as % of average funded assets for Q1FY24 was 1.16% as against 1.26% in Q4FY23.
  • RoA (annualized) improved from 0.97% in Q1FY23 to 1.26% in Q1FY24.
  • RoE (annualized) improved from 8.96% in Q1FY23 to 11.78% in Q1FY24, including the impact of about 60 bps due to equity capital raise in March 2023.

V Vaidyanathan, Managing Director and CEO, IDFC FIRST Bank, said, “We continue to build a strong franchise with a high CASA Ratio of 46.5%. Our retail deposits are growing well, based on our strong positive brand, ethics, customer-friendly products, and digital innovations.

We are happy to share that our asset quality continues to remain strong. In the Retail, Rural & SME business, where our Bank particularly specializes, the Gross NPA has come down to as low as 1.53% and the Net NPA has come down to 0.52%.

We are happy to state that we have registered a profit of Rs 765 crore in Q1FY24, representing a growth of 61% over the PAT of Rs 474 crore in Q1FY23.

During the last four years, we underwent some transformational changes at our Bank. During this period, we got terrific support from all of our shareholders and customers, and we thank you all for the same. We are confident of improving our performance from here on.”



Result PDF

View Other Company Results


Investment recommendation
Gradual decline in CI ratio to aid RoA…
Call Date
08 May 2023
Entry Price 64.00
Target Price 75.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

IDFC First Bank Ltd Stocks COMPARISION


Equity Capital: 25,847.55 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,065.79 -9,437.36
LAST 3M 44,357.20 798.63
LAST 6M 53,246.77 148,781.31
LAST 12M 139,937.47 156,258.51

IDFC First Bank Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • IDFC First Bank is engaged in the banking industry. Its market capitalization is worth INR 33,226.39 Cr. as of 16 April 2021. The bank was founded in 2018. The bank has reported revenue of INR 3,952.46 Cr. for the quarter ended December 2020. The Bombay Stock Exchange (BSE) code for this bank is 539437, and the National Stock Exchange (NSE) symbol is IDFCFIRSTB. The bank is headquartered in Mumbai. It believes in reaching its wide range of retail banking solutions with technologically sound and exceptional customer service to people across the country. IDFC First Bank emerged by the union of IDFC Bank & Capital First. The Reserve Bank of India (RBI) conceded approval to IDFC Limited to set up a new bank in the private sector in 2014. Following this, IDFC Limited reft its infrastructure-related assets and liabilities to the IDFC Bank. The bank commenced its operations with 23 branches in Madhya Pradesh, Delhi, Mumbai, Hyderabad, Bengaluru, Pune, Chennai, Ahmedabad and Kolkata. Fifteen branches are in settlements with a population of less than 10,000. The bank launched its 100th branch in Honnali, Karnataka, in October 2017. In January 2018, IDFC Bank and Capital First announced their merger. The stakeholders of Capital First were issued 13.9 shares of the merged entity for every one share of Capital First. The bank serves its private and corporate customers in the country. It also has a target to serve people in rural areas and self-employed individuals. The bank is the first one in India to launch an Aadhaar-linked cashless merchant solution. One of its most significant loans into e-commerce includes a ?3 bn (US$42 million) loan to Flipkart. The bank entered into a partnership with MobiKwik, a digital payments solution company. It launched a co-marketed virtual Visa prepaid card for customers of MobiKwik on 8 November 2017. On 11 March 2020, the bank revealed that Mr Amitabh Bachchan had been appointed as its first brand ambassador. It told the entry into the credit card sector with low-interest rates and interest-free credit in 2021. The bank disclosed its Profit after Tax for the third quarter of the financial year 2021 at Rs.130 Cr compared to the Loss of Rs.1,639Cr for the third quarter of the financial year 2020. The Profit after Tax was delineated at Rs. 324 Cr by 31 December 2020.

Registered Address

KRM Tower 7th Floor, No 1 Harrington Road Chetpet, Chennai, Tamil Nadu, 600031

Tel : 91-44-45644000
Email : ig:idfcbank.com
Website : http://www.idfcbank.com

KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 539437
Book Closure Date (Month) :
BSE Group : A
ISIN : INE092T01019

FAQ’s on IDFC First Bank Ltd Shares

You can buy IDFC First Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy IDFC First Bank Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Sep 26, 2023 03:59 PM the closing price of IDFC First Bank Ltd was ₹ 95.55.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 26, 2023 03:59 PM, the market cap of IDFC First Bank Ltd stood at ₹ 63,332.30.

The latest PE ratio of IDFC First Bank Ltd as of Sep 26, 2023 03:59 PM is 23.23

The latest PB ratio of IDFC First Bank Ltd as of Sep 26, 2023 03:59 PM is 0.41

The 52-week high of IDFC First Bank Ltd is ₹ 100.70 while the 52-week low is ₹ 46.20

According to analyst recommendations, IDFC First Bank Ltd has a “Buy” rating for the long term.

Download Our App

market app
market app