IDFC First Bank gains on reporting 51% rise in Q1 consolidated net profit
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IDFC First Bank is currently trading at Rs. 84.67, up by 0.73 points or 0.87% from its previous closing of Rs. 83.94 on the BSE.
The scrip opened at Rs. 85.55 and has touched a high and low of Rs. 85.55 and Rs. 84.10 respectively. So far 1219754 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 86.08 on 27-Jul-2023 and a 52 week low of Rs. 36.75 on 29-Jul-2022.
Last one week high and low of the scrip stood at Rs. 86.08 and Rs. 82.08 respectively. The current market cap of the company is Rs. 56286.44 crore.
The promoters holding in the company stood at 39.93%, while Institutions and Non-Institutions held 32.52% and 27.55% respectively.
IDFC First Bank has reported 61.31% rise in its net profit at Rs 765.16 crore for first quarter ended June 30, 2023 as compared to Rs 474.33 crore for the same quarter in the previous year. Total income of the bank increased by 43.34% at Rs 8,281.54 crore for Q1FY24 as compared Rs 5,777.35 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 50.82% rise in net profit at Rs 731.51 crore for the first quarter ended June 30, 2023 as compared to Rs 485.01 crore for the same quarter in the previous year. Total income of the bank increased by 42.50% at Rs 8,232.47 crore for Q1FY24 as compared Rs 5,777.37 crore for the corresponding quarter previous year.
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