{"id":128808,"date":"2022-05-04T07:20:39","date_gmt":"2022-05-04T11:20:39","guid":{"rendered":"https:\/\/44.250.171.167\/?p=128808"},"modified":"2022-10-06T03:28:57","modified_gmt":"2022-10-06T07:28:57","slug":"idfc-first-bank-limited-q4-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/idfc-first-bank-limited-q4-fy22-earnings-conference-call-insights\/","title":{"rendered":"IDFC First Bank Limited Q4 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"IDFC First Bank Ltd Q4 FY22 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/rDoEqJlpniY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from IDFC First Bank Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/IDFCFIRSTB\/\">IDFCFIRSTB<\/a>) Q4 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Ushmunka asked about the top and mid-level management attrition rate for FY22. V. Vaidyanathan MD replied that the company doesn\u2019t reveal exact numbers but attrition at senior management is very low. However, attrition is more in the bottom of the pyramid.<\/li>\n<\/ul>\n<ul>\n<li>Lalit Deo of Equirus Securities asked about the margin trajectory of 6.27% in 4Q22 and if there was any one-offs. V. Vaidyanathan MD replied that there were no one-offs during the quarter. It\u2019s a steady increase that has happened on a QonQ basis.<\/li>\n<\/ul>\n<ul>\n<li>Lalit Deo of Equirus Securities also enquired about the gross slippages and the net slippages during 4Q. V. Vaidyanathan MD answered that gross slippages for 4Q22 was about INR1,400 crores and net slippages were about INR700 crores.<\/li>\n<\/ul>\n<ul>\n<li>Ishan Agarwal from Erevna Capital asked about the opex guidance for FY23, if it will be in line with the overall loan growth or lower. Vaidyanathan MD answered that it will be lower because that\u2019s where the operating leverage comes in.<\/li>\n<\/ul>\n<ul>\n<li>Ishan Agarwal from Erevna Capital asked that on profitability, when does the bank see reporting double digit ROE. Vaidyanathan MD replied that it should be soon. According to the bank\u2019s internal estimates, by 4Q23 IDFCFIRSTB should be getting there.<\/li>\n<\/ul>\n<ul>\n<li>Ishan Agarwal from Erevna Capital also enquired if the bank has any Tier 1 capital raise plans for FY23. Vaidyanathan MD answered that the bank does not have any plans to raise capital in FY23.<\/li>\n<\/ul>\n<ul>\n<li>Bhavin Gala of Marine Capital asked about the turnaround of retail banking operations, if there was a one-off or it was a contribution of recurring activities. Vaidyanathan MD said the bank saw lower provisions during the quarter and therefore, there is a profit of INR430 crores in retail banking. There is no one-offs, but is due to lower provision and robust growth in the retail book.<\/li>\n<\/ul>\n<ul>\n<li>Bhavin Gala of Marine Capital queried about the blended growth for the asset book for FY23. Vaidyanathan MD said it\u2019s in the vicinity of 20-25%. It\u2019s not only the retail book, but 25% of asset book is on the blended book.<\/li>\n<\/ul>\n<ul>\n<li>Sahil Sharma with SS Capital asked what kind of initiatives the bank is taking to grow the current account book and if there\u2019s an opportunity to cross-sell the current accounts to the MSME retail borrowers. \u00a0Vaidyanathan MD replied that the bank\u2019s current account as a proportion of CASA is not good enough. And the proportion of SA in the overall CASA has improved from 11% to 18% and the endeavor will be to take it to 30% in due course.<\/li>\n<\/ul>\n<ul>\n<li>Asutosh Mishra with Ashika Stock Broking asked if the bank expects growth of core fee income to remain in line with the growth of the retail loan book. Vaidyanathan MD answered that the bank\u2019s fee income to total income is about 22% as a ratio. The bank feels there is lot of opportunity to increase there and expects to register strong growth going forward.<\/li>\n<\/ul>\n<ul>\n<li>Asutosh Mishra with Ashika Stock Broking enquired about the opex front, if the bank has any internal cost to CI ratio target. Vaidyanathan MD replied that cots to income will begin to come down by scale and operating leverage.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from IDFC First Bank Limited (IDFCFIRSTB) Q4 FY22 Earnings Concall Q&amp;A Highlights: Ushmunka asked about the top and mid-level management attrition rate for FY22. V. Vaidyanathan MD replied that the company doesn\u2019t reveal exact numbers but attrition at senior management is very low. However, attrition is more in the bottom of the pyramid. [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,1],"tags":[151],"class_list":["post-128808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-finance-stocks","tag-banking"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":135107,"url":"https:\/\/alphastreet.com\/india\/idfc-first-bank-limited-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":128808,"position":0},"title":"IDFC First Bank Limited Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"October 25, 2022","format":false,"excerpt":"https:\/\/youtu.be\/1xV7bFYRhVo Key highlights from IDFC First Bank Limited (IDFCFIRSTB) Q2 FY23 Earnings Concall Management Update: [00:09:20] IDFCFIRSTB said it expects its operating profit at a YtoY level to increase at least 50% over last year, while on a QonQ basis, even healthier than that. Q&A Highlights: [00:19:43] Bhavin Gala from\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":144656,"url":"https:\/\/alphastreet.com\/india\/idfc-first-bank-limited-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":128808,"position":1},"title":"IDFC First Bank Limited Q4 FY23 Earnings Conference Call Insights","author":"Praveen","date":"May 1, 2023","format":false,"excerpt":"Key highlights from IDFC First Bank Limited (IDFCFIRSTB) Q4 FY23 Earnings Concall Q&A Highlights: [00:17:28] Mohit Surana from CLSA asked about cost-to-income and liabilities going down from 198% to 174%, and what income should be expected from liability. V. Vaidyanathan MD said the company\u2019s cost-to-income ratio has decreased from 95.13%\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":126984,"url":"https:\/\/alphastreet.com\/india\/idfc-first-bank-limited-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":128808,"position":2},"title":"IDFC First Bank Limited Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"February 1, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=dBWdtUQlrBc Key highlights from IDFC First Bank Limited (IDFCFIRSTB) Q3 FY22 Earnings Concall Management Update: The bank tripled the number of bank branches from 206 to 599 and grew the ATMs more than 6 times from 112 to 727. Q&A Highlights: Kunal Shah from ICICI Securities asked about cost to\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/IDFC-First-BankQ322.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/IDFC-First-BankQ322.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/IDFC-First-BankQ322.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/IDFC-First-BankQ322.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/IDFC-First-BankQ322.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":130918,"url":"https:\/\/alphastreet.com\/india\/prudent-corporate-advisory-services-limited-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":128808,"position":3},"title":"Prudent Corporate Advisory Services Limited Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"July 1, 2022","format":false,"excerpt":"https:\/\/youtu.be\/c6CsOMqSsOo Key highlights from Prudent Corporate Advisory Services Limited (PRUDENT) Q4 FY22 Earnings Concall Q&A Highlights: Shivani Singh of Wisdom Capital asked about the commission structure for NBFs. Shirish Patel CEO said the commission structures are not based on the vintage with the company it is based on the AUM\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":128690,"url":"https:\/\/alphastreet.com\/india\/axis-bank-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":128808,"position":4},"title":"Axis Bank Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"April 29, 2022","format":false,"excerpt":"https:\/\/youtu.be\/QJL0BQ-O0k4 Key highlights from Axis Bank Ltd (AXISBANK) Q4 FY22 Earnings Concall Q&A Highlights: Mahrukh Adajania from Edelweiss asked about the transfer of standard assets to ARC. Puneet Sharma CEO said AXISBANK has not transferred standard assets to ARC. There was only one transfer, which is an NPA of INR\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":139051,"url":"https:\/\/alphastreet.com\/india\/idfc-first-bank-limited-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":128808,"position":5},"title":"IDFC First Bank Limited Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"January 24, 2023","format":false,"excerpt":"Key highlights from IDFC First Bank Limited (IDFCFIRSTB) Q3 FY23 Earnings Concall Management Update: [00:06:36] IDFCFIRSTB opened about 37 branches in 3Q23, totaling to 707 branches. The bank saw strong growth across all product segments; home loans grew by 48% YoY and wheels segment saw growth of 50%. Q&A Highlights:\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=128808"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128808\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=128808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=128808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=128808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}