IDFC First Bank Ltd has reported Consolidated financial results for the period ending December 31, 2022.
Financial Results (Q3 FY2023) – QoQ Comparison
Total income of IDFC First Bank Ltd increased from Rs. 6531.16 crores (Q2 FY2023) to Rs. 7064.33 crores (Q3 FY2023)
Net profit/loss increased from Rs. 567.19 crores (Q2 FY2023) to Rs. 616.61 crores (Q3 FY2023)
EPS increased from Rs. 0.90 (Q2 FY2023) to Rs. 0.98 (Q3 FY2023)
| Financials | Q3 FY2023 | Q2 FY2023 | % Change |
| Total Income | ₹7064.33 Cr | ₹6531.16 Cr | 🠉 8.16% |
| Net Profit | ₹616.61 Cr | ₹567.19 Cr | 🠉 8.71% |
| EPS | ₹0.98 | ₹0.90 | 🠉 8.89% |
Financial Results (Q3 FY2023) – YoY Comparison
Total income of IDFC First Bank Ltd increased from Rs. 5198.58 crores (Q3 FY2022) to Rs. 7064.33 crores (Q3 FY2023)
Net profit/loss increased from Rs. 290.21 crores (Q3 FY2022) to Rs. 616.61 crores (Q3 FY2023)
EPS increased from Rs. 0.46 (Q3 FY2022) to Rs. 0.98 (Q3 FY2023)
| Financials | Q3 FY2023 | Q3 FY2022 | % Change |
| Total Income | ₹7064.33 Cr | ₹5198.58 Cr | 🠉 35.89% |
| Net Profit | ₹616.61 Cr | ₹290.21 Cr | 🠉 112.47% |
| EPS | ₹0.98 | ₹0.46 | 🠉 113.04% |
Financial Results (9 months ended FY2023) – YoY Comparison
Total income of IDFC First Bank Ltd increased from Rs. 14960.45 crores (9 months ending December 31, 2021) to Rs. 19372.86 crores (9 months ending December 31, 2022)
Net profit/loss increased from Rs. -220 crores (9 months ending December 31, 2021) to Rs. 1668.81 crores (9 months ending December 31, 2022)
EPS increased from Rs. -0.35 (9 months ending December 31, 2021) to Rs. 2.64 (9 months ending December 31, 2022)
| Financials | 9 Months Ended FY2023 | 9 Months Ended FY2022 | % Change |
| Total Income | ₹19372.86 Cr | ₹14960.45 Cr | 🠉 29.49% |
| Net Profit | ₹1668.81 Cr | ₹-220 Cr | 🠉 858.55% |
| EPS | ₹2.64 | ₹-0.35 | 🠉 854.29% |
Asset Quality:
| Asset Quality | Q3 FY2023 | Q2 FY2023 | Q3 FY2022 |
| Gross NPA | ₹4302.64 Cr | ₹4396.19 Cr | ₹4456.94 Cr |
| Gross NPA % | 2.96% | 3.18% | 3.96% |
| Net NPA | ₹1464.16 Cr | ₹1479.97 Cr | ₹1914 Cr |
| Net NPA % | 1.03% | 1.09% | 1.74% |
Gross NPA of IDFC First Bank Ltd decreased from Rs. 4456.94 crores (Q3 FY2022) to Rs. 4302.64 crores (Q3 FY2023)
Net NPA decreased from Rs. 1914 crores (Q3 FY2022) to Rs. 1464.16 crores (Q3 FY2023)
GNPA as a percentage of Gross advances decreased from 3.96% (December 31, 2021) to 2.96% (December 31, 2022)
Net NPA as a percentage of Gross advances decreased from 1.74% (December 31, 2021) to 1.03% (December 31, 2022)
| Ratios | Q3 FY2023 | Q2 FY2023 | Q3 FY2022 |
| RoA % | 1.11% | 1.07% | 0.64% |
| CAR (BASEL III) % | 15.01% | 14.63% | 15.38% |
Return on Average Assets (RoA) increased from 1.07% (Q2 FY2023) to 1.11% (Q3 FY2023) and 0.64% (Q3 FY2022)
Capital Adequacy Ratio (CAR) was at 15.01% (Q3 FY2023) as compared to 14.63% in Q2 FY2023 and 15.38% in Q3 FY2022.
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