Investor Presentaiton
Results at a glance: IDFC FIRST Bank: Strong Strides across all the Strategic Priorities
3. Strong growth in Core Earnings:
a.
Strong NII Growth: NII grew by 40% (YOY) to Rs. 1,563 crores in Q4 FY20 as compared to Rs. 1,113 crores in Q4 FY19.
b. Strong NIM improvement: NIM has improved to 4.24% in Q4 FY20 as compared to 3.03% in Q4 FY19 and 3.86% in Q3-FY20.
C.
d.
Strong growth in Total Income (NII + Fees + Trading Gain): Grew 67% YOY to Rs. 2,314 crores in Q4-FY20 from Rs. 1,386 crores in
Q4 FY19.
Fee Income as a % of Total Income (net of Trading Gain) stood at 22% for Q4 FY20.
e.
Strong Growth in Pre-Provisioning Operating Profit:
ā PPOP grew 229% YOY to Rs. 787 crores in Q4 FY20 as compared to Rs. 239 crores in Q4 FY19.
f.
ā CORE PPOP (PPOP Net of treasury income), grew 70%, from Rs. 275 crores in Q4 FY19 to Rs. 468 crores in Q4 FY20
Provision: The Bank was required to make COVID-19 related provision of Rs. 25 crores pertaining to accounts where asset classification
benefit was given. The Bank has provided the entire amount in Q4-FY20 itself and has additionally taken Rs. 200 crores of COVID-19
related provisioning proactively for over-dues of 1-89 days taking total COVID-19 provisions to Rs. 225 crores. Including this, the total
provisions for Q4FY20 was Rs. 679 crores.
g.
Profit After Tax: The PAT for Q4 FY20 is reported at Rs. 72 crores as compared to Loss of Rs. 218 crores for Q4 FY19.
h. Improved Cost to Income Ratio (excl. Trading gains): 76.54% for Q4 FY20 as compared to 80.68% in Q4 FY19.
4
IDFC FIRST
BankView entire presentation