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IDFC FIRST Bank reports 2-fold jump in Q3 consolidated net profit

31 Jan 2022 Evaluate

IDFC FIRST Bank has reported results for third quarter ended December 31, 2021.

The Bank has reported 2-fold jump in its net profit at Rs 281.06 crore for the quarter under review as compared to Rs 129.51 crore for the same quarter in the previous year. Total income of the bank increased by 7.40% at Rs 5197.79 crore for Q3FY22 as compared Rs 4839.45 crore for the corresponding quarter previous year.

On the consolidated basis, the Bank has reported 2-fold jump in its net profit at Rs 290.21 crore for the quarter under review as compared to Rs 137.15 crore for the same quarter in the previous year. Total income of the bank increased by 7.42% at Rs 5198.58 crore for Q3FY22 as compared Rs 4839.50 crore for the corresponding quarter previous year.

Peers
Company Name CMP
HDFC Bank 739.00
ICICI Bank 1339.50
Axis Bank 1242.50
Kotak Mahindra Bank 412.50
Indusind Bank 953.00
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