q3fy18 financials - idfcbank.com€¦ · letter of credit bank guarantees letter of undertaking. 12...

Q3FY18 FINANCIALS

DECEMBER 31, 2017

3All figures in ̀ Crores

No. of Customers(Total: 24 lacs | IBL customers: 13 lacs)

Customers acquired in Q3 FY18: 453K (B+: 75K; BB: 197K; IBL: 181k)

Network (17,037) CASA/Gross Advances

Franchise Fee/Total Non Interest Income

64.3%(` 138 Cr)

Franchise Fee/Total Operating Income

19.0%

Retailisation of Funded Book: ` 18,513 Cr

PAT GrowthQ3FY18: ̀ 146.2 Cr

YoY

24%

Key Highlights: Q3 FY18 (1 of 2)

QoQ

(In lacs)

37%

12.37 13.78 16.05

19.42

23.96

Dec-16 Mar-17 Jun-17 Sep-17 Dec-17

18.7%

25.2% 26.1% 27.5% 28.8%

Dec'16 Mar'17 Jun'17 Sep'17 Dec'17

1.8%

4.1%

5.9%6.3%

8.6%

Dec'16 Mar'17 Jun'17 Sep'17 Dec'17

42325,661 8,302 10,258

13,070

74

74

86

100

127

13

24

32

48

50

322

326

326

335

306

2481

3080

3337

3423

43

47

47

48

61


MATM

Branches

BC Branches

GV Branches

Aadhar Pay

ATM

4

Key Highlights: Q3 FY18 (2 of 2)

Credit Outstanding1

` 91,128 CrNet Adv: ̀ 47,127 Cr

Credit Inv: ̀ 16,743 Cr LC/BG/LuT: ` 27,258 Cr

PAT

` 146.1 CrQ2 FY18: ` 233.7 Cr

RoA | RoE

0.9% | 7.3%

Network & Customers

Asset mix (` 1,18,199) Operating Income

` 726 CrNII: ` 511 CrNon Int*: ` 215 Cr

NIM

1.9%Loan NIM: 3.0%

EPS (Q3) | Book value per share

0.43 | 44.7

Funding mix (` 95,038) Expenses

` 411 CrHR: ` 176 CrNon-HR: ` 235 Cr

Cost/Income Ratio

56.7%

HR Cost/Income: 24.3%

Headcount*

8,668(Ex-IBL: 5,053)

Q2’18: 8,377 (+3.5%)*including IBL

CASA Ratio2

10.1% (Q2: 8.2%)

Asset Quality Capital Adequacy

19.15%

CET 1: 18.84%

Tier 2: 0.31%

IDFC Bank vs. Bankex3

4,254

23,257

10,434

23,636

2,272

16,437

14,748

CASA

FD

Infra Bonds

Bonds & Deb.

FC Loans

CBLO/Repo/LAF

Others incl CDs

70%

43%

GNPL: 5.6%Q2: 3.9%

NNPL: 2.5%Q2: 1.6%

Net RSA: 1.0%

Net SR: 3.3%

47,127

16,743

2,055

18,041

26,628

7,605

Net Advances

Credit Inv.

Cash & Bank

Statutory Inv.

Trading Inv.

Other AssetsNII/Total

HR/Total

-4%

1. CreditOutstanding (FB+ NFB) grew 0.18% to ` 91,128 Cr as of 31th Dec’17from ` 90,598 Cr as of 30th Sep’17 2. CASA Ratio = CASA/(CASA+FD+CD) 3. Sep-17 to Dec-17 4. Avg. CASA per account; B+: Rs. 25,600 (# of A/Cs: 3.43 lacs); Bharat: Rs. 3,493 (# of A/Cs 7.5 lacs)

Network: 17,037Branches: 127ATMs: 61Aadhar pay: 3,423Micro ATMs: 13,070BC & IBL : 356

CustomersTotal: 24 lacsIBL: 13 lacs

7%

28%

YoY

CASA: ̀ 4,254 Cr (` 3,200 Cr)4

• Bharat: ̀ 261 Cr (` 125 Cr)• Bharat Plus: ̀ 878 Cr (` 661 Cr)• Commercial: ̀ 32 Cr (` 25 Cr)• Wholesale: ̀ 3,082 Cr (` 2,389 Cr)

5

Note: Figures for the previous periods have been reclassified for consistency with the current period.

Balance sheet largely flat, Trading investments down 9% QoQ

In INR Cr. Dec-16 Sep-17 Dec-17 % Growth (QoQ) % Growth (YoY)

Shareholders' Funds 14,486 15,056 15,208 1% 5%

Deposits 27,001 38,890 42,259 9% 57%

Borrowings 68,445 59,944 54,506 (9%) (20%)

Other liabilities and provisions 5,643 6,062 6,226 3% 10%

Total Liabilities 115,576 119,952 118,199 (1%) 2%

Cash and Bank Balances 3,880 2,470 2,055 (17%) (47%)

Net Retail and Corporate Assets 56,641 65,177 63,870 (2%) 13%

Net Advances 46,983 48,830 47,127 (3%) 0%

Credit Investments 9,658 16,347 16,743 2% 73%

Statutory Investments 17,389 16,740 18,041 8% 4%

CRR 2,533 2,604 2,798 7% 10%

SLR 14,856 14,136 15,243 8% 3%

Trading Investments 30,078 29,172 26,628 (9%) (11%)

Fixed and Other Assets 7,589 6,393 7,605 19% 0%

Total Assets 115,576 119,952 118,199 (1%) 2%

6

NII improves 7% on sequential basis driven by Loans & Advances

All figures in ̀ CroresNote: Figures for the previous periods have been reclassified for consistency with the current period.

In INR Cr. 9M FY17 9M FY189M %

Growth (YoY)

Q3 FY17 Q2 FY18 Q3 FY18% Growth

(QoQ)% Growth

(YoY)

Operating Income 2,473 2,509 1% 856 734 726 -1% -15%

Net Interest Income 1,561 1,429 -8% 535 480 511 7% -5%

Non Interest Income 913 1,081 18% 320 254 215 -16% -33%

Fee and Commission 293 387 32% 109 107 138 30% 27%

Trading Gains (Debt & Equity)

616 693 13% 214 146 78 -47% -64%

Other Income 4 1 -81% -2 1 -1 -166% -61%

Operating Expenses 979 1,163 19% 379 362 411 13% 9%

HR 497 508 2% 203 163 176 8% -13%

Non HR 482 655 36% 176 200 235 18% 33%

Pre-Prov Op Profit (Ppop) 1,494 1,347 -10% 476 372 315 -15% -34%

Provisions & Contingencies 278 133 -52% 232 27 109 309% -53%

Profit Before Tax 1,217 1,213 0% 245 345 206 -40% -16%

Tax 372 396 7% 53 112 60 -46% 13%

Profit After Tax 845 817 -3% 192 234 146 -37% -24%

7

Financials: Key ratios

Q3 FY17 Q2 FY18 Q3 FY18 9M FY18

Return on Assets 0.7% 0.8% 0.5% 0.9%

Return on Equity 5.3% 6.1% 3.8% 7.3%

EPS (Rs.) 0.6 0.7 0.4 2.4

Book Value Per Share (Rs.) 42.7 44.3 44.7 44.7

NIMs 2.1% 1.8% 1.9% 1.8%

Of which Loan NIMs 3.1% 2.9% 3.0% 2.8%

Cost / Income 44.3% 49.4% 56.6% 46.3%

HR Cost/ Income 23.7% 22.2% 24.3% 20.2%

Capital Adequacy Ratio 18.4% 19.3% 19.1% 19.2%

Of which Tier I 18.0% 19.0% 18.8% 18.8%

Gross NPL (% of Loans) 7.0% 3.9% 5.6% 5.6%

Net NPL (%) 2.6% 1.6% 2.5% 2.5%

CASA / Gross Advances 1.8% 6.3% 8.6% 8.6%

CASA/Total Deposits 3.3% 8.2% 10.1% 10.1%

8

Customers & Network

Network Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17

Branches 58 74 74 86 100 127

BC Branches 324 335 350 358 383 356*

MATM 727 4,232 5,661 8,302 10,258 13,070

0.91.7 2.7 3.8 5.5

7.4

0.30.7

1.42.1

2.83.6

10.09.9

9.610.1

11.1

12.9

11.3 12.4 13.8

16.0

19.4

23.9

Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17

Bharat Bharat Plus IBL

Customers :

* To achieve operational efficiency 29 GV branches were closed during the quarter.

9

CASA increased Rs. 1054 Cr. to Rs. 4,254 Cr. QoQ (+33%)

In INR Cr.

71421 1326 1142 1310

452

1073

820 12471772

377

600

703810

1171

900

2094

28503200

4254


Government Corporates Retail

602 1,369 1,129

1,556

2,394

298

726 1,720

1,644

1,859

900

2,094

2,850

3,200

4,254


CA SA

10

158% increase in core deposits (CASA + Retail TD)YoY & 13.5% QoQ

All figures in Rs Cr

899

2094

28503200

42542204

2812

3431

3843

3737

3103

4907

6281

7043

7991


Retail TD

CASA

11

Trade related contingent liabilities grow at 7% (QoQ)

4,683 4,930 5,008

5,554

5,753

7,294

9,461

10,173

13,537 14,102

2,735

4,213

5,301 6,330

7,402


Letter of Credit

Bank Guarantees

Letter of Undertaking

12

BUSINESS HIGHLIGHTS

13

Retail (urban) snapshot

Branch Network

31 Branches

Liabilities• ~ 3,55,000 customers• ~ 3,44,000 CASA accounts

Assets & AUM (End December 2017)• Total advances ̀ 2,300 Cr• Wealth AUM is `654 Cr

14 new branches launched in December increasing the presence to 22 cities

` 4,323 Cr deposit book as on 31 Dec 2017 comprising of:

• ` 878 Cr of Current & Savings Account Deposits

• ` 3,445 Cr of Fixed Deposits

Breakup of total funded advances:

• Home loans - ` 1,241 Cr• Loan against property - ` 442 Cr• Personal loan - ` 271 Cr• Working Capital- Funded book of ` 266 Cr• Alliances - ` 80 Cr

Non funded book as on 31 Dec is ` 78 Cr

Rajkot Branch

Surat Branch

Coimbatore Branch

Retail (urban) Q3 Highlights

Strong ramp up in customer acquisition continues in Q3 FY 18

Sustained momentum on assets disbursement continues in Q3

319

94 57

333

175

73

361

195

101

Home Loans Loan Against Property Personal Loans

Assets Disbursals (Rs Cr)

Q1 FY 18 Q2 FY 18 Q3 FY 18

73,763

138,572

206,756

280,378

355,133

12,578 20,714 35,029 58,257

96,196

Q3 FY17 Q4 FY17 Q1 FY18 Q2 FY18 Q3 FY18

# of Customers

# of customers of which Digitally acquired

15

Retail (semi-urban & rural): ~19.7 Lacs customers acquired and servicedthrough branches and Micro ATMs

Customer Touchpoints

• 16,450 Customer Points• 306 IBL locations• 50 BC locations

Customer Network• 19.7 lacs customers (incl

12.2 Lacs of IBL)• 5.7 lacs Liability & 2.8

lacs asset customers sourced through Branches & MATM

Assets & Liabilities • Rs 2,799 Cr of advances

(2,097 Crs of IBL)• Rs. 553 Cr of deposit

balances• Rs. 3,526 Cr disbursed in

YTD Dec18

•96 Branches across MP, Karnataka, AP, Gujarat,Rajasthan, Tamilnadu, Tripura & Meghalaya

•12,546 MATMs

•3,423 Aadhar Pay (Merchant Points)

•31 ATMs

•More than 7.4 Lacs customers acquiredthrough Branches and MATMs

•No. of loan accounts reached 15.3 lacs

•Branch Based advances are at Rs. 497 Cr

•Assets :MSME - Rs. 90.9 Cr, JLG BC - Rs. 114.7 Cr,and IBL are at Rs. 2,097

16

Wholesale bank

Transaction Highlights

IB TransactionsSuccessfully closed the INR 9,600 Cr Initial Public Offering (IPO) for India's largestgeneral insurance company

Successfully led the INR 543 Crore Initial Public Offering (IPO) for a footwear firm asthe Book Running Lead Manager. IDFC Bank dominated the anchor book with 62%share.

We have always been a leader in bringing out unique stories in the market. IDFC wasthe Book Running Lead Manager for one of the supply chain IPOs.

Strengthened our dominance in healthcare delivery stories with the 3rd consecutiveHealthcare IPO. IDFC dominated the anchor book with 38% share in the 3 banksyndicate. Issue Size: INR 505 cr

DCM TransactionsIDFC Bank continued to be a preferred partner to one of the Infra group for its largeproject financing needs. IDFC Bank underwrote the entire rupee debt of INR 800 Cr

for its subsidiary and subsequently underwrote the entire loan conversion into abond issuance withtenors going out to 21 years.This end-to-end solution emphasizes IDFC Bank’s superior capabilities in structuringand underwriting complex, long tenor financing transactions across loan and debtcapital market products.

TReDSIDFC Bank became the top financier with 35% for M1 Exchange. This is one

of 3 exchanges who have been granted license by RBI for undertakingTReDS financing.

Host to Host PaymentWe have gone live with Host-2-Host Domestic Payment Mode for two

companies under a conglomerate group. With this mandate, we will be able tointegrate ourselves into the entire group to manage their payments andcollections.

Dealer FinanceWe have started Dealer Finance transaction with motor company by

booking INR 50 crore during December 2017 across 3 dealers.

FX DealOne of the natural resource major has routed their first Export inward amounting

to USD 144 Mn. Company was very happy with the way the entire transaction was handled by our Bank

Buyers CreditIDFC Bank successfully won 2 back to back Buyers credit bid from an oil refinery

leading to an outstanding of 100 Million USD in this marquee name.

Marquee Deals

17

Shareholding pattern

% of Top 10 shareholdersSr. no Shareholder Name Category 31.12.17

1 GoI GoI 7.7%

2 Blackrock Fund FII / FDI 1.8%

3 Platinum Investment Management FII / FDI 1.4%

4 Vanguard FII / FDI 1.4%

5 LIC FIs / Insurance Co / Banks 0.9%

6 Emerging Markets Funds FII / FDI 0.8%

7 Capital Group Inc FII / FDI 0.8%

8 Wellington Trust Company National Association FII / FDI 0.7%

9 Kotak MF 0.5%

10 Reliance Capital MF 0.5%

GoI, 7.68%

FIs / Insurance Co / Banks, 1.91%

FDI / FII / NRI / FN /FPI /Overseas

Bodies, 15.82%

MF, 3.20%

Corporate Bodies, 3.04%

Retail, 15.52%

IDFC (Promoters Bodies

Corporate), 52.83%

Shareholding Dec'17

q3fy18 financials - idfcbank.com€¦ · letter of credit bank guarantees letter of undertaking. 12...

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