IDFC First Bank has reported results for third quarter ended December 31, 2022.
The bank has reported rise of 115.12% in its net profit at Rs 604.61 crore for Q3FY23 as compared to Rs 281.06 crore for the corresponding quarter previous year. Total income of the bank increased by 23.86% to Rs 7,064.30 crore for the quarter under review as compared to Rs 5,197.79 crore for the same quarter in the previous year.
On the consolidated basis, the bank has reported over 2-fold jump in its net profit at Rs 616.61 crore for Q3FY23 as compared to Rs 290.21 crore for the same quarter in the previous year. Total income of the bank increased by 35.89% to Rs 7,064.33 crore for the quarter under review as compared to Rs 5,198.58 crore for the same quarter in the previous year.