Home » General » IDFC FIRST Bank PAT Increases by 21% YOY to Rs. 2,957 Crore for FY 24
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April 27, 2024
Business Wire India
Financial results at a glance
The Board of Directors of IDFC FIRST Bank, in its meeting held today, approved the audited financial results for the quarter and the year ended March 31, 2024.
Yearly Profitability
Net Profit grew 21% YOY from Rs. 2,437 crore in FY23 to Rs. 2,957 crore in FY24. Excluding trading gains from both the years, the growth in PAT was at 28% YOY.
Core Pre-Provisioning Operating Profit (PPOP excluding trading gains) grew by 31% YOY from Rs. 4,607 crore in FY23 to Rs. 6,030 crore for FY24.
Net Interest Income (NII) grew…
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