Net Interest Income (NII): IDFC FIRST BANK reported a robust performance in Q3 with Net Interest Income (NII) standing at ₹4,287 crores, marking a significant 30.5% year-on-year growth.
Profit After Tax (PAT): The Profit After Tax reached ₹716 crores, reflecting an 18.4% increase compared to the same period last year.
Pre-Provision Operating Profit (PPOP): The bank’s Pre-Provision Operating Profit (PPOP) saw a substantial rise, reaching ₹1,562 crores, demonstrating a strong 23.9% year-on-year growth.
Provisions: Provisions for the quarter amounted to ₹655 crores, indicating a notable 45.4% year-on-year increase.
Asset Quality – Gross NPA: The Gross Non-Performing Assets (NPA) ratio showed improvement, declining from 2.11% to 2.04% quarter-on-quarter.
Net NPA: Net NPA remained steady at 0.68% quarter-on-quarter.
Gross NPA Amount: The absolute Gross NPA reduced to ₹3.77 lakh crores, showcasing a noteworthy 12.3% decline quarter-on-quarter.
Net NPA Amount: Absolute Net NPA increased to ₹1.25 lakh crores, experiencing a 4.9% quarter-on-quarter rise.
IDFC FIRST BANK Q3 Financial Highlights: Robust Growth and Improved Asset Quality
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