ilmscore | IDFC First Bank Q4 Results 2024 Analysis | Net Profit | Fundamentals | Share Price | Harsh Goela

IDFC First Bank Q4 Results 2024 Analysis | Net Profit | Fundamentals | Share Price | Harsh Goela

Published: 2024-04-30
Status: Analyzed

Predictions from this Video

Total: 5
Correct: 3
Incorrect: 0
Pending: 2
Prediction
Topic
Status
IDFC First Bank's fee-based income is expected to increase and compound over time due to new product introductions, as per management.
"IDFC itself is saying that a lot of our new products have come in the past 2 years... And they are expecting that with this, the income from the fee-based products will increase with time and will keep compounding."
IDFCFIRSTB
Correct
IDFC First Bank management predicts that by 2029, the bank will achieve 1700-1800 branches, gross NPA below 1.5%, net NPA up to 0.4%, and ROE between 17-18%.
"the management has said that in the next 5 years, that is, by 2029, their bank will be established. First of all, they want how many branches they have now? That is 897. So, they want to have 1700 to 1800 branches. Then you see these deposits, they want their NPS to be in control, their asset quality to be strong. So, they want the gross NPS to be below 1.5, the net NPS should be up to 0.4. Look at the profitability, ROE, they want 17 to 18 percent."
IDFCFIRSTB
Pending
The author predicts that IDFC First Bank's Common Equity Tier 1 (CET1) ratio may decrease further due to increased lending.
"And as it is going on, I feel that it can come down a little more."
IDFCFIRSTB
Correct
If IDFC First Bank's CET1 ratio continues to fall, it will need to raise more funds in FY2025, which could further affect profitability, reduce provisions, and lead to a deeper hit on the stock price.
"If their CET level keeps falling like this and has not increased to this level, they will need to raise more funds to show the financial strength and they will have to pay on financial year 2025... It will affect their profitability even more. Their provisions will be less maintained because of which this stock can take even a deeper hit."
IDFCFIRSTB
Pending
The author predicts that IDFC First Bank stock will be in a difficult situation in the short to medium term.
"According to me, short term to medium term This stock will be in a difficult situation"
IDFCFIRSTB
Correct