External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

IDFC First Bank Limited / Equity Bottom-Up

<ul><li>MFI asset quality recovery in sight – IDFCFB continued to report elevated slippages in the MFI portfolio, while the fresh stress accretion in the secured portfolios continued to remain under control.</li><li>The bank has seen a gradual recovery in collection efficiency (CE), which bounced back to 99.2% (~99.4% ex-Karnataka) vs 96.9% in Dec’24.</li><li>Moreover, the bank has seen a significant reduction in SMA pool in absolute terms (% SMA continued to increase on a de-growing portfolio), indicating lower incremental stress formation. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

MFI asset quality recovery in sight – IDFCFB continued to report elevated slippages in the MFI portfolio, while the fresh stress accretion in the secured portfolios continued to remain under control.The bank has seen a gradual recovery in collection efficiency (CE), which bounced back to 99.2% (~99.4% ex-Karnataka) vs 96.9% in Dec’24.Moreover, the bank has seen a significant reduction in SMA pool in absolute terms (% SMA continued to increase on a de-growing portfolio), indicating lower incremental stress formation. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

IDFC First Bank Ltd - MFI Stress Continues to Dent Earnings, Recovery from Q1FY26 in Sight!