IDFC First Bank Limited has announced its earnings call schedule to discuss the unaudited financial results for the quarter ended December 31, 2025. The call is scheduled for January 31, 2026, at 5:30 PM Indian Standard Time, where senior management will engage with analysts and investors to review the bank's Q3FY26 performance.

Earnings Call Details

The bank has provided comprehensive access information for participants to join the quarterly results discussion. The call will be conducted following the Board of Directors meeting scheduled for the same day to consider the quarterly financial results.

International Access Numbers

The bank has arranged toll-free access for international participants across multiple regions to ensure broad participation in the earnings discussion.

Post-Call Availability

IDFC First Bank has confirmed that an audio replay and transcript of the earnings call will be made available on the bank's official website following the conclusion of the discussion. This will allow stakeholders who cannot participate in the live call to access the financial results presentation and management commentary at their convenience.

The earnings call represents the bank's commitment to maintaining transparent communication with its stakeholders regarding quarterly financial performance and business developments. The call will provide insights into the bank's operational performance, financial metrics, and strategic initiatives for the quarter ended December 31, 2025.

IDFC First Bank has received a strong endorsement from Nomura, with the brokerage firm issuing a Buy rating and setting an ambitious target price of ₹105 per share. This recommendation suggests an upside potential of 22.02% from the bank's previous closing price of ₹86.05, reflecting confidence in the institution's growth trajectory and operational improvements.

Strong Financial Performance in Q2 FY26

The Mumbai-based private sector bank demonstrated robust financial performance in its recent quarterly results. The bank's operational metrics showed significant improvement across key parameters:

The bank's three-year performance trajectory remains impressive, with Net Interest Income and net profit growing at CAGRs of 25.73% and 124.16% respectively over the last three years.

Nomura's Growth Projections and Rationale

Nomura's optimistic outlook is anchored on several key factors that position IDFC First Bank for sustained growth. The brokerage expects the bank's loan and deposit base to expand at healthy compound annual growth rates of approximately 20% and 22% respectively during FY26-FY28, indicating sustained momentum in core banking operations.

The bank's fee income remains a notable strength, standing at over 2% of average assets, which exceeds most peer institutions and supports stable earnings generation. Nomura anticipates a sharp improvement in profitability as credit costs decline by around 35 basis points.

Profitability and Efficiency Improvements

The brokerage firm projects significant enhancements in key profitability metrics over the medium term:

Nomura forecasts a sector-leading EPS CAGR of nearly 67% over FY26-FY28, driven by improving operational efficiency and declining credit costs.

Current Business Metrics and Asset Quality

IDFC First Bank maintains a strong operational foundation with loans and advances of ₹2,66,579 crore and customer deposits of ₹2,69,094 crore. The bank's asset quality remains healthy with GNPA at 1.86% and NNPA at 0.52%. The institution's focus on low-cost funding is evident from CASA deposits of ₹1,38,583 crore and a robust CASA ratio of 50.10%.

Credit Cost Outlook and Operational Leverage

Credit costs for IDFC First Bank are expected to improve steadily, declining from 2.60% in FY25 to 2.10% in FY26, and further to 1.90% in FY27 and 1.80% in FY28. While operating expenses remained elevated during FY19-FY25 due to investments in branches, manpower, technology, and new businesses, operating leverage is now beginning to emerge. Net interest margins, which faced pressure in FY25-H1FY26, are expected to bottom out in FY26 and gradually recover thereafter, supporting the bank's overall profitability improvement trajectory.