IDFC First Bank Dividend: Record Date Set For Rs. 2.5/Sh Payout; Stock Jumps 24% In 6 Months; Buy Now?

IDFC First Bank has announced the record date for the dividend payout of Rs. 2.5 per share for the financial year 2024-25. The bank has set July 11, 2025, as the record date to determine eligible shareholders. The announcement was made via an exchange filing on July 3rd, Thursday.

Record Date & Payout Details

The dividend was earlier recommended by the board during its meeting held on April 26, 2025. According to the filing, the total dividend payout will amount to Rs. 183.1 crore. Only shareholders whose names appear in the register on Friday, July 11, will be eligible to receive this benefit.

Weak Q4 FY25 Performance

IDFC First Bank's Q4 FY25 earnings came in below market expectations. The bank reported a net profit of Rs. 304 crore. Similarly, net interest income (NII) was Rs. 4,907.2 crore.

The bank's year-on-year NII growth slowed to 9.8%, marking the lowest rise in 22 quarters. On a quarter-on-quarter basis, growth was almost flat at just 0.1%. The net interest margin (NIM) dropped to 5.95%, a 10-quarter low, compared to 6.04% in the previous quarter.

IDFC First Bank Share Performance

Despite the underwhelming financials, IDFC First Bank shares have shown strong price action. As of Friday, July 4th, the stock closed at Rs. 77.95, rising 0.37% by the end of the day. It has gained 7.49% in the past 5 days, 15.50% over the last month, and a massive 24.50% in the last six months.

Axis Securities has maintained a 'Buy' rating on IDFC First Bank, setting a target price of Rs. 85 per share, implying a 10% upside. The broking stated, "IDFC First Bank continues to remain well-placed to steer healthy business growth over the medium term. The bank also remains confident in its ability to control Opex growth significantly below business growth at 12-13% in FY26. Thus, the C-I ratio improvement to 65% by FY27 appears to be on the cards with operating leverage playing out. The outlook on credit costs has turned positive, with MFI credit costs possibly peaking out and trending downwards over FY26, especially in H2FY26. NIMs could face pressure in the near term with a lag in rate cut transmission on CoF."

About IDFC First Bank

IDFC First Bank is a leading Indian private sector bank headquartered in Mumbai. Originally set up in 2015 as a subsidiary of IDFC Limited, it shifted focus to retail banking after merging with Capital First in 2018. In 2024, it underwent a reverse merger and took over its parent company to create a simplified corporate structure.

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