IDFC First Bank share dips. Opportunity to buy ahead of Q4 results 2025 date?

Private lender IDFC First Bank share price edged lower in Thursday's trading session ahead of its March quarter earnings announcement on April 24. At 10:05 am, IDFC First Bank share were trading at ₹67.83 apiece.

In a regulatory filing dated Thursday, March 27, IDFC First Bank announced that a meeting of its Board of Directors is scheduled for Saturday, April 26, 2025, to consider and approve the bank’s audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2025.

The bank also said that the board will also consider the recommendation of dividend for FY24-25.

“In furtherance to our letter dated March 27, 2025, intimating about the meeting of the Board of Directors (‘Board’) of the Bank, scheduled to be held on Saturday, April 26, 2025, to consider and approve the Audited Standalone and Consolidated Financial Results of the Bank for the quarter and Financial Year ended March 31, 2025, we wish to inform you that the Board at the said meeting will, inter-alia, also discuss and consider the recommendation of dividend, if any, for the Financial Year 2024-25,” the company said in an exchange filing.\

“IDFC First Bank's loans grew 4.7% QoQ, deposits increased by 6.7%, and CASA deposits rose by 4.6%. The CASA ratio stood at 46.9%, and the credit-deposit ratio was 93.8% in FY25. IDFC First Bank also faces concerns over provisions and asset quality,” Seema Srivastava, Senior Research Analyst at SMC Global Securities.

IDFC First Bank share price - should you buy or sell?

Mahesh M Ojha, AVP — Research at Hensex Securities, says that IDFC First Bank shares are looking strong on the technical chart. It can touch ₹78 apiece levels once it breaks above 70 per share.

Ojha further recommended investors to hold the scrip for ‘short-term target’ of ₹78. “ Those with IDFC First Bank shares in their portfolio are advised to hold the scrip for the short-term target of ₹78. However, they must maintain a strict stop loss at ₹62 apiece on a closing basis. Fresh investors can also initiate buying at the current market price for the short-term target of ₹78, maintaining a stop loss at ₹62 per share,” he added.

Meanwhile, ICICI Securities has reiterated its Buy rating on IDFC First Bank and raised the target price to ₹75, up from the previous ₹68.

“We upgrade IDFC First Bank (IDFCFB) to BUY with a revised TP of INR 75, as the large proposed capital infusion (INR 75bn) improves visibility on superior loan growth/operating leverage (without any material dilution in book value) topped with inexpensive valuations,” the brokerage firm said in a report.

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.