IDFC FIRST Bank: Quarterly Income and Business Overview
Section 4: Quarterly Income Statement
In Rs. Crore
Interest Income
Interest Expense
Net Interest Income
Fee & Other Income
Operating Income (Excl Trading Gain)
Trading Gain
Q4 FY20
Q3 FY21
Q4 FY21 Growth% (QoQ)
Growth% (YoY)
4,092
4,101
3,993¹
1
-3%
-2%
2,392
2,209
2,033
-8%
-15%
1,700
1,892
1,960
4%
15%
432
582
600
3%
39%
2,132
2,474
2,561
3%
20%
319
290
241
-17%
-24%
Operating Income
2,451
2,764
2,801
1%
14%
Operating Expense
1,664
1,991
2,156
8%
30%
Pre-Provisioning Operating Profit (PPOP)
787
773
646
-16%
-18%
Core PPOP (Ex. Trading gain and Interest on interest reversal)
468
484
460
-5%
-2%
Provisions
679
595
6032,3
1%
-11%
Profit Before Tax
107
179
434
-76%
-60%
Tax
36
49
(85)5
-272%
-336%
Profit After Tax
72
130
128
-1%
79%
1. Includes reversal of Interest on Interest Rs. 55 crore in Q4 FY21 following the Supreme Court order
2. Earlier, Capital First had portfolios of Loan Against Shares with ticket sizes above Rs. 20 lac and Loans with annual interest payments, which were permitted for an NBFC, but not permitted in
the Bank. On merger with the Bank, the dispensation was provided by the RBI for the said portfolio which is no longer available. Because of the same, the Bank was required to make 100%
provision to this outstanding portfolio, and the provisions on this count amounted to Rs. 89 crore in Q4-FY21.
3. The provisions included the reversal of provisions of Rs. 324 crores on account of one large telecom account. The Bank created COVID 19 provisions for Rs. 375 crores and carried it into FY 22.
4. Without the impact of the point 1 and 2 mentioned above, the PBT for Q4FY21 would be Rs. 188 crore and with normalized tax rate, the corresponding PAT would be Rs. 140 crore for Q4FY21
5. Includes de-recognition of DTA on goodwill pursuant to recent changes in Finance Act and benefit on account of DTA reassessment in Q4-FY21
Section 4: Key Business & Financial Parameters
46
IDFC FIRST
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