IDFC FIRST Bank FY25 PAT hits INR 1,525 crore, dividend proposed

** IDFC FIRST Bank (BSE:IDFCFIRSTB) announced its audited financial results for the quarter and financial year ended March 31, 2025, reporting a net profit of Rs. 1,525 crore for FY25, albeit down from the previous year due to challenges in its microfinance business. The Board has recommended a dividend of Rs. 0.25 per equity share, subject to shareholder approval. Customer Deposits increased 25.2% YoY to Rs. 2,42,543 crore, with CASA Deposits growing by 24.8% YoY. Loans and Advances also saw robust growth, increasing 20.4% YoY to Rs. 2,41,926 crore. The Bank highlighted improvements in asset quality, with Gross NPA improving to 1.87%. The company announced that is will hold an earnings call on Saturday, April 26, 2025, and that its board approved the annual grant of 3,99,42,010 equity stock options to eligible employees. In other personnel moves, roles have been reallocated following the recent death of Mr. Chinmay Dhoble. Additionally, M/s. Makarand M. Joshi & Co. was appointed as Secretarial Auditor.