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IDFC Bank’s Q2 net profit falls 40%

25 Oct 2017 Evaluate

IDFC Bank has reported results for second quarter ended September 30, 2017.

The Bank has reported 39.74% fall in its net profit at Rs 233.66 crore for the quarter under review as compared to Rs 387.76 crore for the same quarter in the previous year. Total income of the Bank decreased by 5.13% at Rs 2365.06 crore for Q2FY18 as compared Rs 2493.04 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal improved to 3.92%, as compared to 5.96% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 1.61% in Q2FY18.  

Peers
Company Name CMP
HDFC Bank 710.80
ICICI Bank 1354.60
Axis Bank 1260.70
Kotak Mahindra Bank 438.10
Indusind Bank 874.05
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