| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7,356 | 7,880 | 8,220 | 8,789 | 8,957 | 9,343 | 9,413 | 9,642 | 9,937 | 10,417 | 10,553 | 11,051 | |
Growth YoY Revenue Growth YoY% | 34.5 | 33.3 | 28.0 | 27.9 | 21.8 | 18.6 | 14.5 | 9.7 | 10.9 | 11.5 | 12.1 | 14.6 |
Interest Expended Interest ExpendedCr | 3,406 | 3,592 | 3,750 | 4,093 | 4,169 | 4,440 | 4,505 | 4,709 | 4,824 | 4,924 | 4,876 | 5,077 |
Expenses ExpensesCr | 4,377 | 4,874 | 5,164 | 5,417 | 6,271 | 6,260 | 6,459 | 6,589 | 6,581 | 7,006 | 7,106 | 6,802 |
| -427 | -587 | -694 | -721 | -1,482 | -1,358 | -1,551 | -1,656 | -1,468 | -1,514 | -1,429 | -828 | |
FPM FPM% | -5.8 | -7.5 | -8.4 | -8.2 | -16.6 | -14.5 | -16.5 | -17.2 | -14.8 | -14.5 | -13.5 | -7.5 |
| 1,410 | 1,517 | 1,642 | 1,574 | 1,727 | 1,780 | 1,895 | 2,227 | 1,891 | 2,125 | 1,630 | 2,310 | |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
PBT PBTCr | 983 | 930 | 948 | 853 | 245 | 422 | 344 | 571 | 424 | 611 | 201 | 1,482 |
| 236 | 198 | 216 | 210 | 33 | 82 | 49 | 118 | 76 | 133 | -130 | 334 | |
| 747 | 732 | 732 | 643 | 212 | 340 | 296 | 453 | 348 | 479 | 331 | 1,148 | |
Growth YoY PAT Growth YoY% | 31.7 | 18.7 | -10.3 | -12.2 | -71.6 | -53.5 | -59.6 | -29.4 | 64.1 | 40.7 | 11.8 | 153.1 |
NPM NPM% | 10.2 | 9.3 | 8.9 | 7.3 | 2.4 | 3.6 | 3.1 | 4.7 | 3.5 | 4.6 | 3.1 | 10.4 |
| 1.1 | 1.0 | 1.0 | 0.9 | 0.3 | 0.5 | 0.4 | 0.6 | 0.3 | 0.5 | 0.4 | 1.3 | |
| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7,356 | 7,880 | 8,220 | 8,789 | 8,957 | 9,343 | 9,413 | 9,642 | 9,937 | 10,417 | 10,553 | 11,051 | |
Growth YoY Revenue Growth YoY% | 34.5 | 33.3 | 28.0 | 27.9 | 21.8 | 18.6 | 14.5 | 9.7 | 10.9 | 11.5 | 12.1 | 14.6 |
Interest Expended Interest ExpendedCr | 3,406 | 3,592 | 3,750 | 4,093 | 4,169 | 4,440 | 4,505 | 4,709 | 4,824 | 4,924 | 4,876 | 5,077 |
Expenses ExpensesCr | 4,377 | 4,874 | 5,164 | 5,417 | 6,271 | 6,260 | 6,459 | 6,589 | 6,581 | 7,006 | 7,106 | 6,802 |
| -427 | -587 | -694 | -721 | -1,482 | -1,358 | -1,551 | -1,656 | -1,468 | -1,514 | -1,429 | -828 | |
FPM FPM% | -5.8 | -7.5 | -8.4 | -8.2 | -16.6 | -14.5 | -16.5 | -17.2 | -14.8 | -14.5 | -13.5 | -7.5 |
| 1,410 | 1,517 | 1,642 | 1,574 | 1,727 | 1,780 | 1,895 | 2,227 | 1,891 | 2,125 | 1,630 | 2,310 | |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
PBT PBTCr | 983 | 930 | 948 | 853 | 245 | 422 | 344 | 571 | 424 | 611 | 201 | 1,482 |
| 236 | 198 | 216 | 210 | 33 | 82 | 49 | 118 | 76 | 133 | -130 | 334 | |
| 747 | 732 | 732 | 643 | 212 | 340 | 296 | 453 | 348 | 479 | 331 | 1,148 | |
Growth YoY PAT Growth YoY% | 31.7 | 18.7 | -10.3 | -12.2 | -71.6 | -53.5 | -59.6 | -29.4 | 64.1 | 40.7 | 11.8 | 153.1 |
NPM NPM% | 10.2 | 9.3 | 8.9 | 7.3 | 2.4 | 3.6 | 3.1 | 4.7 | 3.5 | 4.6 | 3.1 | 10.4 |
| 1.1 | 1.0 | 1.0 | 0.9 | 0.3 | 0.5 | 0.4 | 0.6 | 0.3 | 0.5 | 0.4 | 1.3 | |
| Financial Year | Mar 2014 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 8,772 | 8,578 | 9,098 | 12,204 | 16,240 | 15,968 | 17,173 | 22,728 | 30,325 | 36,502 | 40,549 | 41,958 |
Growth Revenue Growth% | 7.8 | 6.1 | 34.1 | 33.1 | -1.7 | 7.5 | 32.4 | 33.4 | 20.4 | 11.1 | 12.3 | |
Interest Expended Interest ExpendedCr | 5,055 | 6,515 | 7,126 | 8,743 | 10,228 | 8,585 | 7,465 | 10,091 | 13,870 | 17,208 | 19,333 | 19,701 |
Expenses ExpensesCr | 685 | 1,432 | 1,789 | 4,702 | 9,760 | 8,733 | 12,323 | 13,338 | 17,899 | 23,571 | 26,422 | 27,496 |
| 3,031 | 631 | 184 | -1,241 | -3,748 | -1,350 | -2,615 | -701 | -1,444 | -4,277 | -5,206 | -5,239 | |
FPM FPM% | 34.6 | 7.4 | 2.0 | -10.2 | -23.1 | -8.5 | -15.2 | -3.1 | -4.8 | -11.7 | -12.8 | -12.5 |
| 18 | 1,019 | 1,120 | 852 | 1,722 | 2,211 | 3,173 | 4,467 | 5,932 | 6,977 | 7,874 | 7,956 | |
Depreciation DepreciationCr | 31 | 136 | 168 | 2,820 | 320 | 343 | 382 | 435 | 631 | 836 | 861 | 0 |
PBT PBTCr | 2,563 | 1,514 | 1,135 | -3,237 | -2,346 | 519 | 175 | 3,331 | 3,857 | 1,864 | 1,807 | 2,717 |
| 738 | 451 | 180 | -1,330 | 498 | 36 | 43 | 846 | 915 | 374 | 196 | 412 | |
PAT PATCr | 1,826 | 1,019 | 880 | -1,908 | -2,843 | 483 | 132 | 2,485 | 2,942 | 1,490 | 1,611 | 2,305 |
Growth PAT Growth% | -1.0 | -13.6 | -316.8 | -49.0 | 117.0 | -72.6 | 1,778.2 | 18.4 | -49.4 | 8.1 | 77.1 | |
NPM NPM% | 20.8 | 11.9 | 9.7 | -15.6 | -17.5 | 3.0 | 0.8 | 10.9 | 9.7 | 4.1 | 4.0 | 5.5 |
| 11.9 | 3.0 | 2.6 | -4.7 | -5.9 | 0.9 | 0.2 | 4.0 | 4.3 | 2.0 | 1.9 | 2.6 |
| Financial Year | Mar 2014 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 8,772 | 8,578 | 9,098 | 12,204 | 16,240 | 15,968 | 17,173 | 22,728 | 30,325 | 36,502 | 40,549 | 41,958 |
Growth Revenue Growth% | 7.8 | 6.1 | 34.1 | 33.1 | -1.7 | 7.5 | 32.4 | 33.4 | 20.4 | 11.1 | 12.3 | |
Interest Expended Interest ExpendedCr | 5,055 | 6,515 | 7,126 | 8,743 | 10,228 | 8,585 | 7,465 | 10,091 | 13,870 | 17,208 | 19,333 | 19,701 |
Expenses ExpensesCr | 685 | 1,432 | 1,789 | 4,702 | 9,760 | 8,733 | 12,323 | 13,338 | 17,899 | 23,571 | 26,422 | 27,496 |
| 3,031 | 631 | 184 | -1,241 | -3,748 | -1,350 | -2,615 | -701 | -1,444 | -4,277 | -5,206 | -5,239 | |
FPM FPM% | 34.6 | 7.4 | 2.0 | -10.2 | -23.1 | -8.5 | -15.2 | -3.1 | -4.8 | -11.7 | -12.8 | -12.5 |
| 18 | 1,019 | 1,120 | 852 | 1,722 | 2,211 | 3,173 | 4,467 | 5,932 | 6,977 | 7,874 | 7,956 | |
Depreciation DepreciationCr | 31 | 136 | 168 | 2,820 | 320 | 343 | 382 | 435 | 631 | 836 | 861 | 0 |
PBT PBTCr | 2,563 | 1,514 | 1,135 | -3,237 | -2,346 | 519 | 175 | 3,331 | 3,857 | 1,864 | 1,807 | 2,717 |
| 738 | 451 | 180 | -1,330 | 498 | 36 | 43 | 846 | 915 | 374 | 196 | 412 | |
PAT PATCr | 1,826 | 1,019 | 880 | -1,908 | -2,843 | 483 | 132 | 2,485 | 2,942 | 1,490 | 1,611 | 2,305 |
Growth PAT Growth% | -1.0 | -13.6 | -316.8 | -49.0 | 117.0 | -72.6 | 1,778.2 | 18.4 | -49.4 | 8.1 | 77.1 | |
NPM NPM% | 20.8 | 11.9 | 9.7 | -15.6 | -17.5 | 3.0 | 0.8 | 10.9 | 9.7 | 4.1 | 4.0 | 5.5 |
| 11.9 | 3.0 | 2.6 | -4.7 | -5.9 | 0.9 | 0.2 | 4.0 | 4.3 | 2.0 | 1.9 | 2.6 |
| Financial Year | Mar 2014 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 1,516 | 3,399 | 3,404 | 4,782 | 4,810 | 5,676 | 6,218 | 6,618 | 7,070 | 7,322 | 8,602 | 8,615 |
Reserves ReservesCr | 13,524 | 11,277 | 11,870 | 13,418 | 10,594 | 12,224 | 14,864 | 19,229 | 25,204 | 30,834 | 38,802 | 39,846 |
Deposits DepositsCr | 0 | 40,098 | 48,039 | 70,354 | 65,079 | 88,536 | 1,05,540 | 1,44,470 | 2,00,570 | 2,52,010 | 2,94,312 | 3,11,714 |
Borrowings BorrowingsCr | 0 | 50,262 | 57,287 | 69,983 | 57,397 | 45,786 | 52,963 | 57,212 | 50,936 | 38,984 | 36,633 | 41,397 |
Other Liabilities Other LiabilitiesCr | 60,123 | 7,028 | 5,781 | 8,563 | 11,279 | 10,850 | 10,561 | 12,353 | 12,430 | 14,759 | 21,426 | 19,219 |
Total Liabilities Total LiabilitiesCr | 75,163 | 1,12,064 | 1,26,382 | 1,67,099 | 1,49,159 | 1,63,072 | 1,90,146 | 2,39,882 | 2,96,210 | 3,43,909 | 3,99,775 | 4,20,790 |
| 950 | 1,073 | 1,296 | 1,387 | 2,133 | 2,675 | 2,736 | 2,626 | 2,613 | ||||
Investments InvestmentsCr | 7,420 | 50,164 | 60,904 | 58,245 | 45,174 | 45,182 | 45,935 | 60,913 | 74,500 | 80,505 | 85,646 | 94,935 |
Advances AdvancesCr | 50,050 | 54,588 | 58,748 | 95,833 | 96,724 | 1,08,680 | 1,25,057 | 1,61,491 | 2,05,313 | 2,44,540 | 2,97,582 | 3,09,884 |
Cash Equivalents Cash EquivalentsCr | 390 | 5,140 | 4,877 | 9,526 | 4,163 | 5,773 | 15,702 | 13,779 | 12,481 | 15,099 | 12,767 | |
Other Assets Other AssetsCr | 17,302 | 2,172 | 1,853 | 2,544 | 2,024 | 2,141 | 2,065 | 1,566 | 1,240 | 1,028 | 1,154 | 13,359 |
Total Assets Total AssetsCr | 75,163 | 1,12,064 | 1,26,382 | 1,67,099 | 1,49,159 | 1,63,072 | 1,90,146 | 2,39,882 | 2,96,210 | 3,43,909 | 3,99,775 | 4,20,790 |
| Financial Year | Mar 2014 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 1,516 | 3,399 | 3,404 | 4,782 | 4,810 | 5,676 | 6,218 | 6,618 | 7,070 | 7,322 | 8,602 | 8,615 |
Reserves ReservesCr | 13,524 | 11,277 | 11,870 | 13,418 | 10,594 | 12,224 | 14,864 | 19,229 | 25,204 | 30,834 | 38,802 | 39,846 |
Deposits DepositsCr | 0 | 40,098 | 48,039 | 70,354 | 65,079 | 88,536 | 1,05,540 | 1,44,470 | 2,00,570 | 2,52,010 | 2,94,312 | 3,11,714 |
Borrowings BorrowingsCr | 0 | 50,262 | 57,287 | 69,983 | 57,397 | 45,786 | 52,963 | 57,212 | 50,936 | 38,984 | 36,633 | 41,397 |
Other Liabilities Other LiabilitiesCr | 60,123 | 7,028 | 5,781 | 8,563 | 11,279 | 10,850 | 10,561 | 12,353 | 12,430 | 14,759 | 21,426 | 19,219 |
Total Liabilities Total LiabilitiesCr | 75,163 | 1,12,064 | 1,26,382 | 1,67,099 | 1,49,159 | 1,63,072 | 1,90,146 | 2,39,882 | 2,96,210 | 3,43,909 | 3,99,775 | 4,20,790 |
| 950 | 1,073 | 1,296 | 1,387 | 2,133 | 2,675 | 2,736 | 2,626 | 2,613 | ||||
Investments InvestmentsCr | 7,420 | 50,164 | 60,904 | 58,245 | 45,174 | 45,182 | 45,935 | 60,913 | 74,500 | 80,505 | 85,646 | 94,935 |
Advances AdvancesCr | 50,050 | 54,588 | 58,748 | 95,833 | 96,724 | 1,08,680 | 1,25,057 | 1,61,491 | 2,05,313 | 2,44,540 | 2,97,582 | 3,09,884 |
Cash Equivalents Cash EquivalentsCr | 390 | 5,140 | 4,877 | 9,526 | 4,163 | 5,773 | 15,702 | 13,779 | 12,481 | 15,099 | 12,767 | |
Other Assets Other AssetsCr | 17,302 | 2,172 | 1,853 | 2,544 | 2,024 | 2,141 | 2,065 | 1,566 | 1,240 | 1,028 | 1,154 | 13,359 |
Total Assets Total AssetsCr | 75,163 | 1,12,064 | 1,26,382 | 1,67,099 | 1,49,159 | 1,63,072 | 1,90,146 | 2,39,882 | 2,96,210 | 3,43,909 | 3,99,775 | 4,20,790 |
| Financial Year | Mar 2014 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -1,486 | 14,128 | -5,978 | 17,364 | 10,966 | 14,042 | 2,679 | 3,563 | 11,543 | 14,465 | 6,817 | |
| 184 | -4,918 | -1,027 | -1,365 | -3,790 | -2,833 | -2,960 | -11,996 | -9,887 | -3,478 | -14,143 | |
| 1,432 | -6,974 | 6,742 | -12,220 | -12,539 | -9,598 | 10,211 | 6,509 | -2,954 | -8,673 | 4,972 | |
Net Cash Flow Net Cash FlowCr | 130 | 2,236 | -263 | 3,779 | -5,363 | 1,610 | 9,929 | -1,924 | -1,298 | 2,319 | -2,333 |
Free Cash Flow Free Cash FlowCr | -1,490 | 13,861 | -6,148 | 17,092 | 10,546 | 13,492 | 2,200 | 2,383 | 10,379 | 13,579 | 6,067 |
CFO To EBITDA CFO To EBITDA% | -49.0 | 2,240.6 | -3,257.5 | -1,398.7 | -292.6 | -1,040.2 | -102.4 | -508.4 | -799.5 | -338.2 | -130.9 |
| Financial Year | Mar 2014 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -1,486 | 14,128 | -5,978 | 17,364 | 10,966 | 14,042 | 2,679 | 3,563 | 11,543 | 14,465 | 6,817 | |
| 184 | -4,918 | -1,027 | -1,365 | -3,790 | -2,833 | -2,960 | -11,996 | -9,887 | -3,478 | -14,143 | |
| 1,432 | -6,974 | 6,742 | -12,220 | -12,539 | -9,598 | 10,211 | 6,509 | -2,954 | -8,673 | 4,972 | |
Net Cash Flow Net Cash FlowCr | 130 | 2,236 | -263 | 3,779 | -5,363 | 1,610 | 9,929 | -1,924 | -1,298 | 2,319 | -2,333 |
Free Cash Flow Free Cash FlowCr | -1,490 | 13,861 | -6,148 | 17,092 | 10,546 | 13,492 | 2,200 | 2,383 | 10,379 | 13,579 | 6,067 |
CFO To EBITDA CFO To EBITDA% | -49.0 | 2,240.6 | -3,257.5 | -1,398.7 | -292.6 | -1,040.2 | -102.4 | -508.4 | -799.5 | -338.2 | -130.9 |
| Financial Year | Mar 2014 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 20,156 | 16,118 | 26,395 | 10,149 | 31,614 | 24,653 | 36,413 | 53,300 | 40,235 | 50,595 | 73,608 | |
Price To Earnings Price To Earnings | 19.8 | 18.4 | 65.5 | 188.8 | 14.7 | 18.1 | 26.9 | 31.4 | 32.8 | |||
Price To Sales Price To Sales | 2.4 | 1.8 | 2.2 | 0.6 | 2.0 | 1.4 | 1.6 | 1.8 | 1.1 | 1.3 | 1.8 | |
Price To Book Price To Book | 1.4 | 1.1 | 1.4 | 0.7 | 1.8 | 1.2 | 1.4 | 1.6 | 1.1 | 1.1 | 1.5 | |
EV To EBITDA EV To EBITDA | 103.5 | 373.4 | -70.0 | -16.9 | -53.1 | -23.7 | -113.9 | -63.5 | -15.0 | -14.3 | -79.0 | |
FPM FPM% | 34.6 | 7.3 | 2.0 | -10.2 | -23.1 | -8.4 | -15.2 | -3.1 | -4.8 | -11.7 | -12.8 | -12.5 |
NPM NPM% | 20.8 | 11.9 | 9.7 | -15.6 | -17.5 | 3.0 | 0.8 | 10.9 | 9.7 | 4.1 | 4.0 | 5.5 |
ROCE ROCE% | 50.6 | 7.6 | 6.8 | 3.5 | 5.7 | 6.0 | 4.3 | 5.9 | 6.3 | 5.8 | 5.6 | 5.6 |
ROE ROE% | 12.1 | 6.9 | 5.8 | -10.5 | -18.5 | 2.7 | 0.6 | 9.6 | 9.1 | 3.9 | 3.4 | 4.8 |
ROA ROA% | 2.4 | 0.9 | 0.7 | -1.1 | -1.9 | 0.3 | 0.1 | 1.0 | 1.0 | 0.4 | 0.4 | 0.6 |
| Financial Year | Mar 2014 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 20,156 | 16,118 | 26,395 | 10,149 | 31,614 | 24,653 | 36,413 | 53,300 | 40,235 | 50,595 | 73,608 | |
Price To Earnings Price To Earnings | 19.8 | 18.4 | 65.5 | 188.8 | 14.7 | 18.1 | 26.9 | 31.4 | 32.8 | |||
Price To Sales Price To Sales | 2.4 | 1.8 | 2.2 | 0.6 | 2.0 | 1.4 | 1.6 | 1.8 | 1.1 | 1.3 | 1.8 | |
Price To Book Price To Book | 1.4 | 1.1 | 1.4 | 0.7 | 1.8 | 1.2 | 1.4 | 1.6 | 1.1 | 1.1 | 1.5 | |
EV To EBITDA EV To EBITDA | 103.5 | 373.4 | -70.0 | -16.9 | -53.1 | -23.7 | -113.9 | -63.5 | -15.0 | -14.3 | -79.0 | |
FPM FPM% | 34.6 | 7.3 | 2.0 | -10.2 | -23.1 | -8.4 | -15.2 | -3.1 | -4.8 | -11.7 | -12.8 | -12.5 |
NPM NPM% | 20.8 | 11.9 | 9.7 | -15.6 | -17.5 | 3.0 | 0.8 | 10.9 | 9.7 | 4.1 | 4.0 | 5.5 |
ROCE ROCE% | 50.6 | 7.6 | 6.8 | 3.5 | 5.7 | 6.0 | 4.3 | 5.9 | 6.3 | 5.8 | 5.6 | 5.6 |
ROE ROE% | 12.1 | 6.9 | 5.8 | -10.5 | -18.5 | 2.7 | 0.6 | 9.6 | 9.1 | 3.9 | 3.4 | 4.8 |
ROA ROA% | 2.4 | 0.9 | 0.7 | -1.1 | -1.9 | 0.3 | 0.1 | 1.0 | 1.0 | 0.4 | 0.4 | 0.6 |
Documents — IDFC First Bank Ltd
Concall Transcript Summaries — IDFC First Bank Ltd