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IDFC First Bank Q2 FY27 Share Price & Earnings Call Analysis

₹73.38-0.20% today
Market cap
₹63,339 Cr
P/E
28.16
ROE
3.83%
PEG
-2.26
Price to sales
1.50
Debt to equity
7.31
52W high / low
₹87.9 / ₹58.9
Sales growth (5Y)
20.49%
EBITDA margin
34.34%
Net profit margin
4.03%
Sales (last year)
₹41,958 Cr

IDFC First Bank is engaged in the business of Banking Services. IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018.

Guidance scorecard · Q2 FY27 call

What IDFC First Bank Ltd's management guided
and where it ranks in Banks

#3of 28 in
Banks
Revenue20–40%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

20–40%
  • The bank expects strong business momentum to continue, with deposits and funded assets crossing INR 6 lakh crores and growing about 20% year-on-year.
  • Loan book grew 20.6% YoY, driven by mortgage, vehicle, corporate, and consumer loans – retail/agri/MSME book up 18%, wholesale up 30%.
  • Credit card spends grew 22% YoY, with cards in force reaching 4.8 million.
  • CASA deposits grew 8% sequentially; savings account (SA) deposits increased 25% YoY, maintaining granularity.
  • The bank's digital and tech platform enables scalable growth, supporting potential 20%+ growth in deposits and loans for years ahead.
  • FCNR deposits aim to capture a 2.5% market share in a $60-70 billion pool.

2 more points from IDFC First Bank Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what IDFC First Bank Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • The bank continues to invest significantly in technology, focusing on building a modern, robust architecture including cloud-native principles, API-first integration, event-driven platforms, microservices, real-time data streaming, customer data…
  • Emphasis on hollowing out the core banking system and upgrading customer experience via digital channels.
  • Tech investment as a percentage of overall operating expenses is around 9%, down from 11%, reflecting efficiency in spending rather than reduction.

2 more points from IDFC First Bank Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what IDFC First Bank Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what IDFC First Bank Ltd said on the order book →

Full Q1 FY27 analysis
Full Banks ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Banks
on management's own guidance

  1. AU Small FinanceGood growth
    2
  2. Canara BankGood growth
    1
  3. This stockIDFC First BankGood growth
    3
See all potential multibaggersAll Banks rankings

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Banks companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Canara Bank20–40%Flat₹1.07L Cr5.3
2AU Small Finance20–40%Flat₹74,341 Cr26.0
3IDFC First BankThis stock20–40%Flat₹67,332 Cr29.9
420–40%Flat₹58,716 Cr49.8
520–40%Flat₹13,576 Cr9.4
620–40%Flat₹6,759 Cr8.6

Sign up free to see every company in the sector ranking and track IDFC First Bank Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Banks ranking

Financials of IDFC First Bank Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

IDFC First Bank Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +37.45%37.43%37.37%35.37%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FIIs +24.30%23.65%21.02%19.57%27.12%25.68%23.80%24.64%36.76%36.52%36.10%36.67%
DIIs +6.63%6.79%7.93%11.73%16.14%19.30%23.40%24.33%22.38%22.73%24.35%25.42%
Government +3.72%3.72%3.71%3.51%9.17%9.16%9.15%9.14%7.80%7.80%7.79%7.78%
Public +27.90%28.38%29.95%29.81%47.57%45.86%43.64%41.89%33.05%32.93%31.73%30.13%
No. of Shareholders23,82,67426,11,51227,63,05028,56,37732,94,93932,78,25931,54,46730,40,71528,65,88728,90,40327,89,80326,48,634

Financials of IDFC First Bank Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue +7,3567,8798,2198,7898,9579,3439,4139,6429,93710,41710,55311,05111,922
Interest3,4063,5933,7504,0944,1694,4414,5064,7094,8244,9254,8765,0795,737
Expenses +4,3984,8955,1695,4266,2856,2616,4416,5806,5766,9827,1186,8737,079
Financing Profit-448-609-700-731-1,497-1,359-1,534-1,647-1,463-1,490-1,441-901-894
Financing Margin %-6%-8%-9%-8%-17%-15%-16%-17%-15%-14%-14%-8%-8%
Other Income +1,4301,5171,6421,6191,7271,7801,8952,2271,8912,1251,6302,3092,296
Depreciation0000000000000
Profit before tax9829089428882304213615804286351891,4091,402
Tax %23%21%23%23%13%19%16%20%18%21%-68%24%25%
Net Profit +7517167246812013393044633525033191,0751,045
EPS in Rs1.121.011.020.960.270.460.420.630.480.580.371.251.21
Gross NPA %2.11%2.04%1.88%1.90%1.92%1.94%1.87%1.97%1.86%1.69%1.61%1.51%1.32%
Net NPA %0.68%0.68%0.60%0.59%0.48%0.52%0.53%0.55%0.52%0.53%0.48%0.44%0.40%

Financials of IDFC First Bank Ltd

Profit & Loss

Annual income statement trend

Mar 2015 6mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue +03,6498,5338,93011,94816,30815,96817,17322,72830,32236,50140,54943,943
Interest02,8026,5157,1328,74910,2328,5887,46710,09213,87217,21019,33420,616
Expenses +34941,4251,7254,5349,8718,78612,38013,41017,97923,59326,41228,052
Financing Profit-335359273-1,335-3,795-1,406-2,674-775-1,528-4,301-5,197-4,726
Financing Margin %10%7%1%-11%-23%-9%-16%-3%-5%-12%-13%-11%
Other Income +04031,0131,1188521,7222,2113,2224,4676,0027,0227,8738,360
Depreciation0411341632,8133053293734256188208440
Profit before tax-37161,4711,027-3,295-2,3794761753,2673,8551,9001,8333,635
Tax %0%35%31%16%-41%20%5%17%25%23%20%11%
Net Profit +-34671,020859-1,944-2,8644521452,4372,9571,5251,6362,941
EPS in Rs-516.001.383.002.52-4.07-5.950.800.233.684.182.081.903.41
Dividend Payout %0%18%25%30%0%0%0%0%0%0%12%13%

Financials of IDFC First Bank Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital0.053,3933,3993,4044,7824,8105,6766,2186,6187,0707,3228,6028,623
Reserves-310,24011,27911,85213,37810,53312,13214,78619,10325,09130,75638,75040,483
Deposits8,21940,20848,19870,47965,10888,688105,634144,637200,576252,065294,475348,583
Borrowing057,16050,26257,28769,98357,39745,78652,96357,21250,93638,97536,62153,956
Other Liabilities +34,2047,0115,7788,56311,35310,86110,58112,37112,44214,70121,33318,903
Total Liabilities083,216112,160126,520167,185149,200163,144190,182239,942296,115343,819399,780470,548
Fixed Assets +06447817819179651,2011,2821,8762,5252,5962,4442,581
CWIP029533473657921495671130
Investments029,72950,47261,20258,47545,40545,41246,14561,12474,71080,71685,966102,593
Other Assets +052,81460,90164,535107,759102,758116,466142,676176,728218,785260,440311,257365,374
Total Assets083,216112,160126,520167,185149,200163,144190,182239,942296,115343,819399,780470,548

Financials of IDFC First Bank Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +0-13,03414,247-5,94117,29310,92714,0612,6043,60011,32814,3956,915
Cash from Investing Activity +07,171-5,074-1,008-412-3,764-2,826-2,884-11,969-9,792-3,095-14,219
Cash from Financing Activity +07,475-6,9746,744-12,207-12,539-9,59810,2116,509-2,954-8,6824,969
Net Cash Flow01,6122,198-2054,675-5,3761,6379,930-1,860-1,4182,617-2,335
Free Cash Flow0-13,21213,993-6,10417,03710,53413,5192,1312,44710,18913,5426,178

Financials of IDFC First Bank Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %7%7%6%-12%-17%3%1%10%10%4%4%

Guidance history

How IDFC First Bank Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlanned——
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →0–10%Flat———
Q2 FY26 call →20–40%Up 0–2%PlannedPlanned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

26out of 100

Momentum score · price trend

26 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−7.5%52%
Last 6 months+5.4%61%
Last 3 months−13.4%32%

The price is 23.2% below its all-time high of ₹95.53 (29 Sept 2023). Stocks more than 20% below their peak have their score halved, so 51 became 26.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For IDFC First Bank Ltd: 0.4 × 52 + 0.4 × 61 + 0.2 × 32 = 51, halved to 26 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What IDFC First Bank Ltd's management said in earlier quarters

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