IDFC First Bank consolidated net profit declines 10.32% in the March 2024 quarter

Total Operating Income rise 27.96% to Rs 8220.48 crore

Net profit of IDFC First Bank declined 10.32% to Rs 731.90 crore in the quarter ended March 2024 as against Rs 816.12 crore during the previous quarter ended March 2023. Total Operating Income rose 27.96% to Rs 8220.48 crore in the quarter ended March 2024 as against Rs 6424.42 crore during the previous quarter ended March 2023.

For the full year,net profit rose 18.41% to Rs 2942.35 crore in the year ended March 2024 as against Rs 2484.93 crore during the previous year ended March 2023. Total Operating Income rose 33.43% to Rs 30325.11 crore in the year ended March 2024 as against Rs 22727.81 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Total Operating Income8220.486424.42 28 30325.1122727.81 33 OPM %37.1839.28 -38.9039.40 - PBDT948.381094.39 -13 3857.163331.40 16 PBT948.381094.39 -13 3857.163331.40 16 NP731.90816.12 -10 2942.352484.93 18

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