Results Earnings Call for Q2FY23 of IDFC First Bank
Conference Call with IDFC First Bank Management and Analysts on Q2FY23 Performance and Outlook. Listen to the full earnings transcript.24-10-2022
24-10-2022
IDFC First Bank Ltd - 539437 - IDFC FIRST Bank Limited - Audio Recording Of Earnings Call (Q2-FY23)
This is to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audio recording of earnings call with analysts and investors held on October 22, 2022 on unaudited financial results of the Bank for the quarter and half year ended September 30, 2022 has been made available on the website of the Bank under following link: https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/financial-results/ICI0420221022143702.mp3 Request you to take the above on record and acknowledge receipt of the same.23-10-2022
IDFC First Bank Q2 net profit jumps 266% to Rs 556 cr; NII climbs 32%
IDFC First Bank on Saturday reported a 266 per cent jump in its net profit at Rs 556 crore for the quarter ended September 2022 on the back of strong growth in core operating income. The private sector lender had posted a net profit of Rs 152 crore in the same quarter a year ago. Its core operating income (excluding trading gains) rose by 35 per cent from a year ago to Rs 3,947 crore in Q2 of 2022-23 fiscal year, it said in a regulatory filing. Net interest income climbed 32 per cent at Rs 3,002 crore, while fee and other income spurted by 44 per cent to Rs 945 crore in the September quarter of FY23. Total income in the three months to September rose to Rs 6,531.03 crore as against Rs 4880.29 crore in the same period of 2021-22. Asset quality was better with gross non-performing assets (NPA) coming down to 3.18 per cent of the gross advances as of end-September 2022 from 4.27 per cent a year ago. Net NPAs were also down at 1.09 per cent as against 2.19 per cent. The bank said it22-10-2022
IDFC First Bank Ltd - 539437 - Half-Yearly Disclosure Of Related Party Transactions Of IDFC FIRST Bank Limited ('Bank') For The Period Ended September 30, 2022
Pursuant to Regulation 23 of the SEBI Listing Regulations, we hereby submit the half-yearly disclosure of Related Party Transactions of the Bank for the period ended September 30, 2022. The said disclosure is also being hosted on the Bank''s website at www.idfcfirstbank.com, in terms of the SEBI Listing Regulations.22-10-2022
IDFC First Bank Ltd - 539437 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find enclosed herewith the Investor Presentation in connection with the Financial Results of the Bank for the quarter and half year ended September 30, 2022 (Q2H1-FY23). The above information is also being hosted on the Bank's website at www.idfcfirstbank.com, in terms of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Please take the above on record and acknowledge receipt of the same22-10-2022
IDFC First Bank Ltd - 539437 - Outcome Of The Board Meeting Of IDFC FIRST Bank Limited ('Bank') Held On October 22, 2022
Pursuant to Regulations 33, 52 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('SEBI Listing Regulations'), we enclose herewith the Unaudited Standalone and Consolidated Financial Results of the Bank for the quarter and half year ended September 30, 2022 ('Financial Results') duly approved by the Board of Directors of the Bank at their Meeting held today, along with the Limited Review Report issued by the Joint Statutory Auditors of the Bank in this regard. In terms of the above, we are also enclosing herewith the Press Release on Financial Results of the Bank. The above information is also being uploaded on the Bank's website at www.idfcfirstbank.com, in terms of the SEBI Listing Regulations. The Board Meeting of the Bank commenced at 10:00 a.m. and concluded at 03:55 p.m.22-10-2022
IDFC First Bank Ltd - 539437 - Grant/ Cancellation Of Stock Options Under IDFC FIRST Bank Employee Stock Option Scheme
Pursuant to Regulation 30 of the SEBI LODR Regulations, 2015, we wish to inform you that in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, as amended from time to time, the Nomination & Remuneration Committee on October 20, 2022 (Grant Date) has approved grant of 8,00,000 stock options to eligible employee under IDFC FIRST Bank Employee Stock Option Scheme. These stock options will vest equally over a period of five years (viz. 20% each year) and the exercise period of these options will be 3 years from date of respective vesting. Further, during the quarter ended September 30, 2022, total 2,71,23,071 stock options, granted to employees of the Bank under IDFC FIRST Bank Employee Stock Option Scheme stands lapsed, terminated and cancelled, as applicable and the said stock options would be available for grant/ re-issue under the Scheme.20-10-2022
IDFC First Bank Ltd - 539437 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
We wish to inform that the 'Allotment, Transfer & Routine Matters Committee' of IDFC FIRST Bank Limited ('Bank') on October 18, 2022, has approved the allotment of 9,65,150 equity shares of face value of ? 10/- each fully paid-up to eligible employees of the Bank upon exercise of Stock Options vested with them under the 'IDFC FIRST Bank ESOS'. These equity shares shall rank pari- passu with the existing equity shares of the Bank in all respects. Post allotment, the issued and paid-up equity share capital of the Bank stands increased from ?62,21,33,74,870/- comprising of 6,22,13,37,487 equity shares of ?10/- each fully paid-up to ?62,22,30,26,370/- comprising of 6,22,23,02,637 equity shares of ? 10/- each fully paid-up.19-10-2022
Buy IDFC First Bank; target of Rs 70: Motilal Oswal
Motilal Oswal is bullish on IDFC First Bank recommended buy rating on the stock with a target price of Rs 70 in its research report dated October 17, 2022.17-10-2022
IDFC First Bank Ltd - 539437 - Earnings Call For The Period Ended September 30, 2022
We refer to our intimation letter no. IDFCFIRSTBANK/SD/145/2022-23 dated September 26, 2022, informing about the meeting of the Board of Directors of IDFC FIRST Bank Limited ('Bank') scheduled on Saturday, October 22, 2022 inter-alia to consider the unaudited financial results of the Bank for the quarter and half year ended September 30, 2022 ('the Financial Results'). In this connection, we wish to inform you that the Bank will host earnings call with analysts and investors at 6.30 p.m. (IST) on Saturday, October 22, 2022, wherein the senior management of the Bank will discuss the Financial Results with the participants.17-10-2022