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IDFC First Bank edges higher despite reporting 12% fall in Q1 consolidated net profit
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IDFC First Bank is currently trading at Rs. 74.60, up by 0.09 points or 0.12% from its previous closing of Rs. 74.51 on the BSE.
The scrip opened at Rs. 72.31 and has touched a high and low of Rs. 75.14 and Rs. 72.31 respectively. So far 5101491 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 100.74 on 05-Sep-2023 and a 52 week low of Rs. 70.55 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 78.08 and Rs. 72.31 respectively. The current market cap of the company is Rs. 55694.76 crore.
The promoters holding in the company stood at 37.37%, while Institutions and Non-Institutions held 32.67% and 29.96% respectively.
IDFC First Bank has reported 11.04% fall in its net profit at Rs 680.65 crore for the first quarter ended June 30, 2024 (Q1FY25) as compared to Rs 765.16 crore for the same quarter in the previous year. However, total income of the bank increased by 25.67% at Rs 10,407.75 crore for Q1FY25 as compared to Rs 8,281.54 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 12.15% fall in net profit at Rs 642.64 crore for Q1FY25 as compared to Rs 731.51 crore for the same quarter in the previous year. However, total income of the bank increased by 25.88% at Rs 10,362.70 crore for Q1FY25 as compared to Rs 8,232.47 crore for the corresponding quarter previous year.
