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IDFC First Bank Ltd Q1FY24; 51% rise in Profits

IDFC First Bank is engaged in the business of Banking Services. IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018.

Financial Results:

  • IDFC First Bank Ltd reported Revenues for Q1FY24 of ₹6,869.00 Crores up from ₹4,922.00 Crore year on year, a rise of 39.56%.
  • Total Expenses for Q1FY24 of ₹7,236.00 Crores up from ₹5,127.00 Crores year on year, a rise of 41.14%.
  • Consolidated Net Profit of ₹732.00 Crores up 50.93% from ₹485.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹1.10, up 41.03% from ₹0.78 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Banking
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