IDFC First Bank Q3 Results: Date, Time, Earnings Schedule, Share Price History And More
IDFC First Bank's business grew 25% YoY to Rs 4.58 lakh crore in the third quarter of the current financial year compared to Rs 3.65 lakh crore in Q3FY24.
Private sector lender IDFC First Bank is scheduled to announce its financial result for the December 2024 quarter this week.
The bank shared its Q3 business update earlier this month, reporting a 22% year-on-year growth in its loans and advanced at Rs 2.3 lakh crore for the December 2024 quarter, compared to Rs 1.89 lakh crore a year ago. Customer deposits also increased 29% YoY to Rs 2.27 lakh crore from Rs 1.76 lakh crore in Q3 of the preceding fiscal.
Overall, the bank's business grew 25% YoY to Rs 4.58 lakh crore in the third quarter of the current financial year compared to Rs 3.65 lakh crore in Q3FY24.
One of the key private sector lenders in India currently, IDFC First Bank has a market capitalisation of Rs 46,000 crore.
Here is everything you need to know about IDFC First Bank Q3 results.
IDFC First Bank Q3 Results Schedule
IDFC First Bank in an exchange filing on Dec. 27, 2024, said that its board of directors will meet on Jan. 25 to approve and announce its financial results for the December 2024 quarter.
"We would like to inform you that the meeting of the Board of Directors of the Bank will be held on Saturday, January 25, 2025, inter-alia, to consider and approve the Unaudited Standalone and Consolidated Financial Results of the Bank for the quarter and nine months ended December 31, 2024, which shall be subject to Limited Review by the Joint Statutory Auditors," the bank stated.
The trading window for dealing in the securities of the bank by Designated Persons and their immediate relatives will remain closed between Jan. 1 and Jan. 27.
IDFC First Bank will also host an earnings call with analysts and investors post the result announcement on Jan. 25.
"The Bank will host an earnings call with analysts and investors at 6:00 p.m. Indian Standard Time (“IST”) on Saturday, Jan. 25, 2025, wherein the senior management of the Bank will discuss the Financial Results with the participants," the bank stated in a separate filing.
IDFC First Bank Share Price History
Shares of IDFC First Bank have traded nearly flat in the last five sessions, up by 0.29% on the NSE. The stock has dropped over 19% in the last six months. On a year-to-date basis, it has declined around 1.84%, while sliding 26.27% in the one-year period.
IDFC First Bank Q2 Performance
IDFC First Bank's net interest income (NII) grew 21% year-on-year to Rs 4,788 crore in the quarter ending September 2024. Net profit plummeted 73% YoY to Rs 201 crore due to a rise in the provision. The bank made provision of Rs 243 crore in one Maharashtra-based toll account. During the quarter, the bank's provisions stood at Rs 1,732 crore against Rs 528 crore a year ago.
