{"id":156555,"date":"2023-11-22T06:31:54","date_gmt":"2023-11-22T11:31:54","guid":{"rendered":"https:\/\/44.250.171.167\/?p=156555"},"modified":"2023-11-22T06:31:56","modified_gmt":"2023-11-22T11:31:56","slug":"idfc-ltd-q2fy24-33-fall-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/idfc-ltd-q2fy24-33-fall-in-profits\/","title":{"rendered":"IDFC Ltd Q2FY24; 33% fall in Profits"},"content":{"rendered":"<p>IDFC Limited was incorporated in 1997. It is a Non-Banking Finance Company (NBFC) regulated by the Reserve Bank of India. It continues to hold investments in IDFC FIRST Bank and IDFC AMC. It held 39.98% in IDFC FIRST Bank and 99.96% in IDFC AMC. IDFC\u2019s holding in IDFC FIRST Bank has further reduced to 36.60% post the QIP issue done by the Bank in April 2021.<\/p>\n<p>Financial Results:<\/p>\n<ul>\n<li>IDFC Ltd reported Revenues for Q2FY24 of \u20b937.00 Crores down from \u20b949.00 Crore year on year, a fall of 24.49%.<\/li>\n<li>Total Expenses for Q2FY24 of \u20b96.00 Crores up from \u20b93.00 Crores year on year, a rise of 100.0%.<\/li>\n<li>Consolidated Net Profit of \u20b9224.00 Crores down 32.53% from \u20b9332.00 Crores in the same quarter of the previous year.<\/li>\n<li>The Earnings per Share is \u20b91.40, down 32.69% from \u20b92.08 in the same quarter of the previous year.<\/li>\n<\/ul>\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-288-839x1024.png\" alt=\"\" class=\"wp-image-156556\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-288-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-288-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-288-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-288-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-288.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/ASAI-Product-2-5.gif\" alt=\"\" class=\"wp-image-156437\" width=\"435\" height=\"161\"\/><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>IDFC Limited was incorporated in 1997. It is a Non-Banking Finance Company (NBFC) regulated by the Reserve Bank of India. It continues to hold investments in IDFC FIRST Bank and IDFC AMC. It held 39.98% in IDFC FIRST Bank and 99.96% in IDFC AMC. IDFC\u2019s holding in IDFC FIRST Bank has further reduced to 36.60% [&hellip;]<\/p>\n","protected":false},"author":1917,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392],"tags":[151],"class_list":["post-156555","post","type-post","status-publish","format-standard","hentry","category-infographics","category-earnings","tag-banking"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":155880,"url":"https:\/\/alphastreet.com\/india\/idfc-first-bank-ltd-q2fy24-32-rise-in-profits\/","url_meta":{"origin":156555,"position":0},"title":"IDFC First Bank Ltd Q2FY24; 32% rise in Profits","author":"Hardik Bhandare","date":"November 7, 2023","format":false,"excerpt":"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 Q2FY24 of \u20b97,356.00 Crores up from \u20b95,470.00 Crore year on\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-89.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-89.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-89.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-89.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-89.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-89.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":158962,"url":"https:\/\/alphastreet.com\/india\/idfc-ltd-q3fy24-23-fall-in-profits\/","url_meta":{"origin":156555,"position":1},"title":"IDFC Ltd Q3FY24; 23% fall in Profits","author":"Divyansh_Kasana","date":"February 20, 2024","format":false,"excerpt":"IDFC Limited was incorporated in 1997. It is a Non-Banking Finance Company (NBFC) regulated by the Reserve Bank of India. It continues to hold investments in IDFC FIRST Bank and IDFC AMC. It held 39.98% in IDFC FIRST Bank and 99.96% in IDFC AMC. 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