IDFC Ltd. share price target

IDFC Ltd to exit from AMC business and reverse merger to be undertaken with additional capital ploughed in the bank. In such scenario, swap ratio will be higher (to account for additional capital inflow) and the transaction will be win-win for both entities as it will strengthen bank's balance sheet...

In 2014, IDFC Ltd received a license to set up a universal bank IDFC Bank. To strengthen retail franchise, IDFC Bank, Capital First Ltd engaged in a merger to form IDFC First Bank in December 2018. Currently, IDFC Ltd holds 40% stake in IDFC First Bank. Apart from banking, IDFC Ltd owns a Mutual Fund (100% owned). Its AUM stands at | 103893 crore of which equity AUM...

IDFC Ltd Q3FY18 results comment Operating Income increased by 5.37% to Rs. 2789.58 Cr in Q3FY18 when compared to the previous quarter.

IDFC and Shriram group announced a 90-day exclusivity period to discuss a merger. The plan is to merge IDFC Bank with Shriram City Union Finance (SCUF); whereas Shriram Transport Finance (SHTF) and other Shriram group entities (life insurance, general insurance, AMC) will be separate subsidiaries of..

Investment to keep RoE benign; dropping coverage IDFC Bank's PAT came in at | 264.8 crore, higher than our estimate of | 173.2 crore, led by strong growth of 19.7% QoQ in NII. Growth in other income at | 212.8 crore; up 54.6% QoQ, supported the topline Operating expense declined 6% QoQ to | 276.8 crore. Increase in income coupled with a decline in opex has led to an improvement in cost income ratio at 39% in Q1FY17 compared to ~50% in Q4FY16 Asset quality has remained resilient with absolute GNPA remaining...

IDFC Bank's PAT came in lower at | 165.1 crore in Q4FY16 (| 242.2 crore in Q3FY16), below our estimate of | 246 crore, primarily led by a surge in opex at | 294.7 crore, owing to increase and head count...

Buy IDFC at Rs 166.7 and add on dips to Rs 140 - Rs 147 for Target of Rs 187 in 1 quarter & Rs 222 in 3-4 quarters

IDFCs net earnings were ahead of estimates with lower than expected opex & provisions cost. However, its conservative provisioning policy continued with contingent provisions now at 3.9% of loans vs. 3.1% (1Q) and restructured provisions at ~5%.

IDFC is a NBFC dedicated to infrastructure finance to private companies. Its business verticals include Corporate Investment Banking, Alternative Asset Management and Public Market Asset Management. It has a loan portfolio of...