IDFC First Bank Q3 Results: As the earnings season is about to begin, several listed companies are fixing schedule for the announcement of their Q3 Results FY25. Private sector lender IDFC First Bank is the latest listed company to fix the schedule for the announcement of its earnings for the October-December period.
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IDFC First Bank Q3 Results FY25 Date and Time
IDFC First Bank, in a regulatory filing Friday, December 27, informed the bourses that the meeting of the Board of Directors of the Company is scheduled 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.
“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 lender said in the filing.
According, the company said that the “Trading Window for dealing in securities of the Bank would remain closed for designated persons and their immediate relatives from January 1, 2025 till January 27, 2025 (both days inclusive) and shall re-open thereafter.”
IDFC First Bank is declaring the quarterly earnings report on Saturday which is a holiday for the stock market. However, it released the earnings for the last quarter after 2 PM and hence it is being expected that the bank might announce the Q3 Results 2025 in the afternoon only.
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IDFC First Bank Q2 Results
IDFC First Bank reported a 73 per cent reduction in its standalone net profit to Rs 201 crore during the July-September quarter as against Rs 751 crore in the year ago period.
The bank’s loans and advances grew 21.3 per cent year-on-year (YoY) to Rs 2.22 lakh crore for the second quarter ending September 2024 as compared to 1.83 lakh crore in the September quarter of FY24.
Customer Deposits rose from Rs 1,64,726 lakh crore in Q2FY24 to Rs 2,17,738 crore in Q2FY25, showing a YoY growth of 32.2 per cent.
CASA deposits increased by 37.6 per cent on a YoY basis to Rs 1,09,345 crore. The CASA ratio stood at 48.9 per cent as of September 2024, as compared to 46.4 per cent as of September 2023.
IDFC First Bank Share Price
Shares of IDFC First Bank on Friday ended at Rs 62.53, up 1.21 per cent from the previous close of Rs 61.78, on the BSE.
