IDFC First Bank’s profit up 9% QOQ in Q3FY23

IDFC First Bank Ltd has reported Q3FY23 financial results for the period ending December 31, 2022.

Financial Results (Q3 FY2023) – QoQ Comparison

FinancialsQ3 FY2023Q2 FY2023% Change
Total Income₹7064.33 crs₹6531.16 crsUp Tick / Down Tick8.16%
Net Profit₹616.61 crs₹567.19 crsUp Tick / Down Tick8.71%
EPS₹0.98₹0.90Up Tick / Down Tick8.89%

Financial Results (Q3 FY2023) – YoY Comparison

FinancialsQ3 FY2023Q3 FY2022% Change
Total Income₹7064.33 crs₹5198.58 crsUp Tick / Down Tick35.89%
Net Profit₹616.61 crs₹290.21 crsUp Tick / Down Tick112.47%
EPS₹0.98₹0.46Up Tick / Down Tick113.04%

Asset Quality

Asset QualityQ3 FY2023Q2 FY2023Q3 FY2022
Gross NPA₹4302.64 crs₹4396.19 crs₹4456.94 crs
Gross NPA %2.96%3.18%3.96%
Net NPA₹1464.16 crs₹1479.97 crs₹1914 crs
Net NPA %1.03%1.09%1.74%

Detailed Quarterly Results

Consolidated Figures in Rs. Crores

Dec 2021Sep 2022Dec 2022
Revenue4,4295,4705,912
Interest1,8492,4672,626
Expenses2,9583,3043,612
Financing Profit-378-301-326
Financing Margin %-9%-6%-6%
Other Income7691,0611,152
Profit before tax391760827
Tax %26%25%25%
Net Profit290567617
EPS in Rs0.470.910.99
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