IDFC First Bank's Q1 net profit decreased 11% YoY to Rs 680 cr, while total income rose and GNPA and net NPA declined.
IDFC First Bank's Q1 net profit fell 11% YoY to Rs 680 cr; total income rose to Rs 10,408 cr from Rs 8,282 cr in Q1 last year; interest income increased to Rs 8,789 cr from Rs 6,868 cr; GNPA fell to 1.9% from 2.17%, and net NPA declined to 0.59% from 0.70%. Despite the profit decline, the bank's pre-provisioning operating profit increased by 25.5% to Rs 1,882 cr.
July 27, 2024
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