IDFC FIRST Bank Merger and Performance Update
3. Erstwhile Capital First - history and track record (pre-merger)
Strong track record of loan growth, PAT growth, ROE growth, market cap growth and robust asset quality
AUM (INR bn)
Profit after tax (INR bn)
326
7.4
13.8
18.2
25.6
33.3
270
3.3
198
2.4
160
1.7
120
97
1.1
0.5
AUM mix (1)
INR 326bn
Wholesale
9%
2.1
Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Sep-18
FY14
FY15
FY16
EPS
FY17
FY18
H1
FY19
Retail
91%
Asset Quality (2)
Return on equity
1.7%
1.7%
Market cap (INR bn) (3)
Share Price
1.6%
14.5%
13.3%
11.9%
1.2%
10.1%
Share Price
Rs. 836
Market reaction Post Merger
Announcement
1.0%
1.0%
Rs. 121
8.3%
0.7%
4.9%
0.5%
10X Market Cap in 6 years
76
83
61
36
39
0.1%
0.2%
12
15
8
Mar-14
Mar-15
Mar-16
GNPA
Mar-17
NNPA
Mar-18
FY14
FY15
FY16
FY17
FY18
H1
FY19
Mar Mar Mar- Mar- Mar- Mar- Jan- Mar-
12 13 14 15 16 17 18 18
1.
As on 30-Sep-2018
3.
2.
NPA recognition norms migrated to 90 dpd effective Apr 01, 2017
Source: Annual Reports, Investor Presentations of Capital First
Share price of Rs. 121 as of Mar 30, 2012 and Rs. 835 as of Jan 11, 2018 (Source: BSE)
6
IDFC FIRST
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