IDFC First Bank trades jubilantly on turning black in Q1

IDFC First Bank is currently trading at Rs. 42.15, up by 4.60 points or 12.25% from its previous closing of Rs. 37.55 on the BSE.

The scrip opened at Rs. 39.40 and has touched a high and low of Rs. 42.70 and Rs. 38.50 respectively. So far 12543331 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 53.50 on 27-Oct-2021 and a 52 week low of Rs. 28.95 on 22-Jun-2022.

IDFC First Bank
IDFC First Bank

Last one week high and low of the scrip stood at Rs. 42.70 and Rs. 35.35 respectively. The current market cap of the company is Rs. 26089.90 crore.

The promoters holding in the company stood at 36.48%, while Institutions and Non-Institutions held 25.38% and 38.14% respectively.

IDFC First Bank has reported net profit at Rs 474.33 crore for the quarter ended June 30, 2022 as compared to net loss of Rs 630.04 crore for the same quarter in the previous year. Total income of the bank increased by 17.15% at Rs 5,777.35 crore for Q1FY23 as compared Rs 4,931.76 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported net profit at Rs 485.01 crore for the quarter ended June 30, 2022 as compared to net loss of Rs 621.17 crore for the same quarter in the previous year. Total income of the bank increased by 17.15% at Rs 5,777.37 crore for Q1FY23 as compared Rs 4,931.72 crore for the corresponding quarter previous year.

Leave a Comment