IDFC First Bank Ltd reports consolidated PAT of Rs. 110.95 crore in Q2FY22

IDFC First Bank Limited has reported Consolidated financial results for the period ended September 30, 2021.

Financial Results (Q2 FY2022) - QoQ Comparison

The company has reported total income of Rs. 4830.1435 crores during the period ended September 30, 2021 as compared to Rs. 4931.7235 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs. 110.9535 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs. -621.1650 crores for the period ended June 30, 2021.

The company has reported EPS of Rs. 0.18 for the period ended September 30, 2021 as compared to Rs. -1.01 for the period ended June 30, 2021.

Financials	Q2 FY2022	Q1 FY2022	% Change
Total Income	₹4830.1435 crs	₹4931.7235 crs	-2.06%
Net Profit	₹110.9535 crs	₹-621.1650 crs	117.86%
EPS	₹ 0.18	₹-1.01	117.82%

Financial Results (Q2 FY2022) - YoY Comparison

The company has reported total income of Rs.4830.1435 crores during the period ended September 30, 2021 as compared to Rs.4090.9129 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.110.9535 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs.109.0251 crores for the period ended September 30, 2020.

The company has reported EPS of Rs. 0.18 for the period ended September 30, 2021 as compared to Rs.0.19 for the period ended September 30, 2020.

Financials	Q2 FY2022	Q2 FY2021	% Change
Total Income	₹4830.1435 crs	₹4090.9129 crs	18.07%
Net Profit	₹110.9535 crs	₹109.0251 crs	1.77%
EPS	₹ 0.18	₹0.19	-5.26%

Financial Results (Half Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.9761.8670 crores during the 6 Months period ended September 30, 2021 as compared to Rs.8528.7280 crores during the 6 Months period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.-510.2115 crores for the 6 Months period ended September 30, 2021 as against net profit / (loss) of Rs.209.1002 crores for the 6 Months period ended September 30, 2020.

The company has reported EPS of Rs.-0.82 for the 6 Months period ended September 30, 2021 as compared to Rs.0.39 for the 6 Months period ended September 30, 2020.

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹9761.8670 crs	₹8528.7280 crs	14.46%
Net Profit	₹-510.2115 crs	₹209.1002 crs	-344.00%
EPS	₹-0.82	₹0.39	-310.26%

Asset Quality:

Asset Quality	Q2 FY2022	Q1 FY2022	Q2 FY2021
Gross NPA	₹ 4485.5284 crs	₹4667.1297 crs	₹1486.1136 crs
Gross NPA %	4.27%	4.61%	1.62%
Net NPA	₹2150.34 crs	₹2293.1815 crs	₹390.9513 crs
Net NPA %	2.09%	2.32%	0.43%

Gross NPA was at ₹ 4485.5284 crs in Q2 FY2022 against ₹ 1486.1136 crs in Q2 FY2021. The same was at ₹ 4667.1297 crs in Q1 FY2022.

Net NPA was at ₹ 2150.34 crs in Q2 FY2022 against ₹ 390.9513 crs in Q2 FY2021. The same was at ₹ 2293.1815 crs in Q1 FY2022.

GNPA was at 4.27% of Gross advances as on September 30, 2021 as compared to 1.62% as on September 30, 2020 and 4.61% as of June 30, 2021.

Net NPA was at 2.09% of Gross advances as on September 30, 2021 as compared to 0.43% as on September 30, 2020 and 2.32% as of June 30, 2021.

Ratios	Q2 FY2022	Q1 FY2022	Q2 FY2021
RoA %	0.35%	-1.52%	0.26%
CAR (BASEL III) %	15.60%	15.56%	14.73%

Return on Average Assets (RoA) is at 0.35% for Q2 FY2022 against -1.52% in Q1 FY2022 and 0.26% in Q2 FY2021.

In Q2 FY2022, Bank's total Capital Adequacy Ratio (CAR) was at 15.60%, as compared to 15.56% in Q1 FY2022 and 14.73% in Q2 FY2021.

Shares of IDFC First Bank Limited was last trading in BSE at Rs. 52.20 as compared to the previous close of Rs. 50.55. The total number of shares traded during the day was 2151689 in over 6744 trades.

The stock hit an intraday high of Rs. 52.60 and intraday low of 50.60. The net turnover during the day was Rs. 111375849.00.

Source : Equity Bulls

Keywords

IDFCFirstBank Q2FY22 H1FY22 ResultUpdate