IDFC FIRST Bank Q3 results 2024 will be in January 2024. It is among the top private banks in India. We will share details about the Quarterly results of the bank below. The last quarter has shown an increase quarterly at an appreciable rate. The expenses have also increased with the profit. The Bank is also in the headlines for its merger. Everyone is looking forward to the upcoming quarter results. We have discussed IDFC FIRST Bank Q3 results 2024 updates below.
IDFC FIRST Bank Q3 Results 2024 Earnings, Net Profit, Sales Report
Any bank has a crucial chunk of income from the interest on loans. If we talk about Q3 net interest income, it increased to ₹3285 Crores with Yearly and quarterly reports. It makes the yearly growth by 27%. As the expenses also increased, they reached higher figures as well. The non-interest Income is Rs. 1152.44 Crores.
IDFC FIRST Bank’s Q2 2024 results showed a net interest income of Rs. 3950.66 crores. The total income of the bank had a yearly and quarterly increase. The expenses also again showed a growth. The Loan Loss Provision was Rs. 528.36 Crores. Both revenue and expenses had an increase on a YoY and Quarterly basis. The net profits for the quarter were Rs. 751 crores. It rose by 35% in total.
IDFC FIRST Bank’s current share price is Rs. 88.40 per share. It showed a downfall on this Thursday by 0.51%. However, the December growth is around 4%, with a yearly growth of 44.56%. The stocks have a good growth yearly. The bank has recently received its no-objection certificate from the RBI. IDFC FIRST confirmed on 27 December 2023 for receiving the NOC.
IDFC FIRST Bank expects to release its Quarter 3 results by the end of January mid-2024. We will share more details about the release of the IDFC FIRST Bank quarter results shortly. IDFC FIRST bank is all ready to give a solid performance in the upcoming quarters with its merger. The bank expects to have a growth in profit in the next quarter. Apart from that, its assets might increase as well. The bank has gained the trust of people for a long time. It’s giving a strong competition as a private bank. IDFC FHCL, IDFC Limited, and IDFC FIRST are going for a merger to simplify corporate procedures. We hope you get enough details about the IDFC FIRST Bank quarterly updates. Q3 2024 results are expected to be released in January 2024.