IDFC First Bank falls despite reporting 19% rise in Q3 consolidated net profit
IDFC First Bank is currently trading at Rs. 82.56, down by 5.11 points or 5.83% from its previous closing of Rs. 87.67 on the BSE.
The scrip opened at Rs. 85.91 and has touched a high and low of Rs. 85.91 and Rs. 82.50 respectively. So far 3817824 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. 52.11 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 89.60 and Rs. 84.42 respectively. The current market cap of the company is Rs. 58806.50 crore.
The promoters holding in the company stood at 37.45% while Institutions and Non-Institutions held 34.63% and 27.91% respectively.
IDFC First Bank has reported results for third quarter ended December 31, 2023 (Q3FY24).
The bank has reported 18.37% rise in net profit at Rs 715.68 crore for the quarter ended December 31, 2023 as compared to Rs 604.61 crore for the same quarter in the previous year. Total income of the bank increased by 33.01% at Rs 9,395.95 crore for Q3FY24 as compared Rs 7,064.30 crore for corresponding quarter of the previous year.
On consolidated basis, the bank reported 18.73% rise in its net profit at Rs 732.09 crore for Q3FY24 as compared to Rs 616.61 crore for the same quarter in the previous year. Total income of the bank increased by 33.01% at Rs 9,396.06 crore for Q3FY24 as compared Rs 7,064.33 crore for corresponding quarter of the previous year.
