{"id":158962,"date":"2024-02-20T08:24:36","date_gmt":"2024-02-20T13:24:36","guid":{"rendered":"https:\/\/44.250.171.167\/?p=158962"},"modified":"2024-02-20T08:24:37","modified_gmt":"2024-02-20T13:24:37","slug":"idfc-ltd-q3fy24-23-fall-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/idfc-ltd-q3fy24-23-fall-in-profits\/","title":{"rendered":"IDFC Ltd Q3FY24; 23% fall in Profits"},"content":{"rendered":"\n<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\n\n\n<p style=\"font-size:24px\"><strong>Financial Results:<\/strong><\/p>\n\n\n\n<p>IDFC Ltd reported Revenues for Q3FY24 of -\u20b98.00 Crores down from \u20b930.00 Crore year on year.<\/p>\n\n\n\n<p>Total Expenses for Q3FY24 of \u20b95.00 Crores up from \u20b94.00 Crores year on year, a rise of 25.0%.<\/p>\n\n\n\n<p>Consolidated Net Profit of \u20b9210.00 Crores down 22.79% from \u20b9272.00 Crores in the same quarter of the previous year.<\/p>\n\n\n\n<p>The Earnings per Share is \u20b91.31, down 22.94% from \u20b91.70 in the same quarter of the previous year.<\/p>\n\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\/2024\/02\/image-157-839x1024.png\" alt=\"\" class=\"wp-image-158963\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-157-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-157-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-157-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-157-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-157.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<p>*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.<\/p>\n\n\n\n<p>*The presented data is automatically generated. It may occasionally generate incorrect information.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/app.asai.alphastreet.io\/dashboard\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"870\" height=\"321\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/ASAI-Product-2.gif\" alt=\"\" class=\"wp-image-158403\"\/><\/a><\/figure>\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":1932,"featured_media":158963,"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-158962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","tag-banking"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-157.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":158023,"url":"https:\/\/alphastreet.com\/india\/idfc-first-bank-ltd-q3fy24-19-rise-in-profits\/","url_meta":{"origin":158962,"position":0},"title":"IDFC First Bank Ltd Q3FY24; 19% rise in Profits","author":"Divyansh_Kasana","date":"January 25, 2024","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 Q3FY24 of \u20b97,880.00 Crores up from \u20b95,912.00 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\/2024\/01\/image-105.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-105.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-105.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-105.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-105.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-105.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":156555,"url":"https:\/\/alphastreet.com\/india\/idfc-ltd-q2fy24-33-fall-in-profits\/","url_meta":{"origin":158962,"position":1},"title":"IDFC Ltd Q2FY24; 33% fall in Profits","author":"Hardik Bhandare","date":"November 22, 2023","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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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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