Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Revenue
Pending
verified against source
Revenue YoY
—
reported change
EBITDA
Pending
latest reported figure
Source
screener in partial
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
IDFC First Bank reported Q4 FY26 PAT of ₹319 crore, impacted by a ₹480 crore fraud provision and ₹118 crore treasury loss. Normalized PAT was ₹746 crore, up 145% YoY. Loans grew 20% YoY to ₹2.9 lakh crore, with NIM at 5.93% (full year 5.75%). Credit cost improved to 1.63% (full year 2.13%), and management guided for 1.70-1.80% in FY27. Deposits were flat QoQ due to rate cuts and the fraud incident, but April has started strong. The bank expects loan growth of ~20% and NIM stability around 5.75%. Key risk: West Asia crisis could disrupt supply chains and impact MSME asset quality.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects net interest margin to remain broadly stable at 5.75% for the full year FY27.
- Credit cost expected to be in the range of 170-180 basis points for FY27, down from 213 bps in FY26.
- Operating expenditure growth guided at 13-14% for FY27, with Q1 likely higher due to branch additions and increments.
- Management expects net interest income plus fee income to grow at 18-18.5% in FY27, driven by MFI recovery and strong fee traction.
Risks flagged
- Ongoing geopolitical tensions could disrupt supply chains and increase raw material costs, affecting MSME asset quality.
- Deposits were flat in Q4 due to SA rate cuts and the fraud incident; recovery to normal growth may take time.
- Pending ECL guidelines could require additional capital, though management expects transition impact to be manageable.
- Widening bond yields led to a ₹159 crore treasury loss in Q4; further volatility could impact earnings.
Key quotes
- We have a book that yields 13% plus and having credit cost less than 2%, which gives a risk adjusted yield of 11% plus is a very unique specialization.
- The liability side drag has come down to 1% now... that 1% should become 0.8, 0.6, 0.4, 0.2, that direction should play out properly.
- We feel that the credit cost would be lower than the current year... it could be in the range of 170 to 180 basis points.
Research modules