Mumbai (Maharashtra) [India], July 31: Financial results at a glance - The Board of Directors of IDFC FIRST Bank, in its meeting held today, approved the unaudited financial results for the quarter ended June 30, 2023.
According to a statement from the company, total revenue from operation rose by 21.2 per cent to Rs 8,025 crore for the March quarter, against Rs 6,617 crore in the year-ago period.
The company also reported its profit before tax for the nine-months ended December 31, 2022, stood at Rs 14,616 crore compared to Rs 12,624 crore in the corresponding period of the previous year. After providing Rs 2,802 crore for tax, the reported profit after tax stood at Rs 11,814 crore,
The Mumbai-headquartered bank has posted 9 per cent growth in its total revenue to Rs 1,648 crore. Net interest income (NII) grew 16 per cent year-on-year to Rs 1,064 crore while net interest margin (NIM) was at 4.55 per cent.
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