Business and Finance Business and Finance
Mon, January 27, 2025
[ Last Monday ] - MSN
Cash App Taxes Review

IDFC First Bank Q3 results 2025 out. Should you buy IDFC First Bank shares?


Published on 2025-01-27 04:21:15 - Mint
  Print publication without navigation

  • IDFC First Bank reported a net profit of
  • 339 crore, down 53 per cent YoY, while net interest income grew 14 per cent YoY, and the asset quality is stable.

The article from Livemint discusses the Q3 results for FY25 of IDFC First Bank, highlighting a significant improvement in the bank's financial performance. IDFC First Bank reported a 18% year-on-year increase in net profit, reaching ₹716 crore, driven by a robust growth in net interest income and other income streams. The bank's asset quality also saw enhancements with a reduction in gross non-performing assets (GNPA) to 2.04% from 2.96% a year ago. Additionally, the bank's advances grew by 25% year-on-year, and deposits increased by 44%. Analysts have mixed views on the stock; some suggest buying due to the bank's strong growth trajectory and improving asset quality, while others recommend a cautious approach citing potential challenges in maintaining this growth rate and the competitive banking environment. The article also includes expert opinions on whether investors should consider buying IDFC First Bank shares, with a general consensus leaning towards a positive outlook but with an emphasis on monitoring the bank's ability to manage costs and sustain growth.

Read the Full Mint Article at:
[ https://www.livemint.com/market/stock-market-news/idfc-first-bank-q3-results-2025-out-should-you-buy-idfc-first-bank-shares-q3fy25-earnings-markets-expert-view-stock-news-11737866532202.html ]
Contributing Sources