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IDFC FIRST Bank Q4 Results Review: Well Placed On Growth, Rate Cycle; ICICI Securities Maintains 'Buy'
ICICI Securities believes RoA has bottomed out and expect 1% RoA by exit FY26E, hence maintain Buy on IDFC First Bank.
28 Apr 2025, 11:00 AM IST 
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IDFC First Bank's board has approved dividend of Rs 0.25 per share for FY25. (Photo: NDTV Profit)
While near-term net interest margin could decline due to policy rate actions and deceleration in MFI book, IDFC First Bank appears well placed to stage a rebound with >60% share of fixed rate loans and high-cost saving deposits. We maintain Buy with target price revised to Rs 80 (versus Rs 75 earlier), valuing the stock at ~1.3x FY27E adjusted book value (~1.2x earlier).
