IDFC First Bank, Poonawalla Fincorp shares rise up to 6% after firms' Q4 business updates

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26 Aug, 2025 12:21

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The shares of IDFC First Bank and Poonawalla Fincorp dodged the overall market trend and recorded sharp gains on April 3 after the two companies announced positive business updates about their performance in the January-March quarter of FY25.

IDFC First Bank shares surged nearly 6 percent to trade at Rs 60.40 apiece. Notably, this is the highest level for the stock in over one month. In an exchange filing, the lender announced that its total business, comprising of loans and advances, as well as customer deposits, stood at Rs 4.84 lakh crore as of March 31, 2025. This marks a rise of nearly 23 percent from the Rs 3.95 lakh crore total business reported in the year-ago period.

IDFC First Bank's loans and advances grew over 20 percent year-on-year to Rs 2.42 lakh crore, while customer deposits increased more than 25 percent YoY to Rs 2.43 lakh crore. Current account and savings account (CASA) deposits, meanwhile, rose nearly 25 percent YoY to Rs 1.18 lakh crore, as on March 31, 2025.

The ratio of CASA deposits to total deposits stood at 46.9 percent during the time, down from the 47.2 percent as on March 31, 2024. Its credit deposit ratio dropped to 93.8 percent.

"The Bank has been bringing down the Credit-Deposit Ratio continuously since merger between IDFC Bank and Capital First in December 2018, by retiring legacy (pre-merger) bonds & borrowings and by scaling retail customer deposits. The Incremental Credit Deposit Ratio for trailing 12 months, i.e. from March 31, 2024 to March 31, 2025 is 75.7%," the bank said in its exchange filing.

Poonawalla Fincorp shares surged over 4 percent to trade at Rs 362.35 apiece. This is the highest level for the stock in 2025 so far.

In an exchange filing released on April 3, the company announced that its Assets Under Management (AUM) increased over 42 percent YoY to Rs 35,550 crore, as on March 31, 2025. It further said that it continues to have "ample" liquidity of nearly Rs 4,670 crore.

"The company stands by its risk first approach, robust risk management systems and a diversified asset base. As we continue to scale, our focus and commitment stands on business expansion in line with building a long-term sustainable profitable model," Poonawalla Fincorp said.