If we go by the management guidance of loan growth and profitability then we can have a fair guess about future capital raise and ROE…
IMO IDFC First can reach an ROE of 13.5 and ROA of 1.4 in 2027 and ROE of 17-18 by 2029.
They may not need to raise any fresh capital after F.Y. 2027 to reach these figures as internal accruals may be enough for F.Y. 2028 and 2029 Loan Growth.
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The promised ‘J curve’ may finally be here by 2029 and it may look something like Ice Hockey Stick instead of ‘J’.
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