IDFC First Bank zooms on reporting around 3-fold jump in Q4 consolidated net profit
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IDFC First Bank is currently trading at Rs. 40.30, up by 1.50 points or 3.87% from its previous closing of Rs. 38.80 on the BSE.
The scrip opened at Rs. 39.60 and has touched a high and low of Rs. 40.55 and Rs. 39.05 respectively. So far 6024772 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 62.00 on 09-Jun-2021 and a 52 week low of Rs. 37.70 on 29-Mar-2022.
Last one week high and low of the scrip stood at Rs. 40.65 and Rs. 38.30 respectively. The current market cap of the company is Rs. 25120.94 crore.
The promoters holding in the company stood at 36.49%, while Institutions and Non-Institutions held 27.26% and 36.24% respectively.
IDFC First Bank has reported results for fourth quarter and year ended March 31, 2022.
The bank has reported around 3-fold jump in its net profit at Rs 342.73 crore for the quarter under review as compared to Rs 127.81 crore for the same quarter in the previous year. Total income of the bank increased by 11.92% at Rs 5,384.88 crore for Q4FY22 as compared Rs 4,811.18 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported around 3-fold jump in its net profit at Rs 352.31 crore for the quarter under review as compared to Rs 136.92 crore for the same quarter in the previous year. Total income of the bank increased by 11.92% at Rs 5,384.83 crore for Q4FY22 as compared Rs 4,811.36 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the bank has reported a fall of 67.83% in its net profit at Rs 145.49 crore as compared to Rs 452.28 crore for the previous year. However, total income of the bank increased by 12.19% at Rs 20,394.72 crore for year under review as compared to Rs 18,179.19 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the bank has reported a fall of 72.62% in its net profit at Rs 132.31 crore as compared to Rs 483.18 crore for the previous year. However, total income of the bank increased by 11.91% at Rs 20,345.27 crore for year under review as compared to Rs 18,179.58 crore for year ended March 31, 2021.
