IDFC First Bank shares dropped over 3% in early trading on Monday following the announcement of weaker-than-expected results for the March 2025 quarter. By 9:23 AM, the stock was down 3.07%, trading at ₹64.05.
The lender reported a net profit of ₹304.1 crore for the quarter, falling short of CNBC-TV18’s analyst estimate of ₹359.6 crore. The profit also represented a sharp 58% decline compared to ₹724.3 crore recorded in the same quarter a year earlier.
Net Interest Income (NII) came in at ₹4,907.1 crore, missing the projected ₹5,080.2 crore but reflecting a 9.8% increase year-on-year from ₹4,468.9 crore.
The bank’s asset quality showed mixed signals. Gross Non-Performing Assets (GNPAs) rose slightly to ₹4,433.6 crore from ₹4,399.3 crore in the previous quarter. Despite this, the gross NPA ratio improved marginally to 1.87% from 1.94%. Meanwhile, Net NPAs stood at ₹1,229.9 crore, with the net NPA ratio holding steady at 0.53%, compared to 0.52% in the prior quarter.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
