Non-banking Financial company IDFC announced H1FY24 results:<br><br>1. Financial Performance:<br>- Total income for H1FY24 was Rs 487.69 crore, compared to Rs 528.28 crore in H1FY23.<br>- Net profit after tax from continuing operations was Rs 553.80 crore, compared to Rs 496.53 crore in H1FY23.<br><br>2. IDFC FIRST Bank:<br>- IDFC FIRST Bank's loans and advances grew by 26% YoY, reaching Rs 1,83,236 crore.<br>- Customer deposits increased by 44% YoY, reaching Rs 1,64,726 crore.<br>- The bank's CASA ratio stood at 46.4%.<br>- Asset quality remained strong, with GNPA at 2.11% and NNPA at 0.68%.<br><br>3. Key Financial Highlights:<br>- IDFC FIRST Bank's core operating income for H1FY24 was Rs 10,411 crore, a 37% YoY growth.<br>- Core operating profit increased by 41% YoY to reach Rs 2,883 crore.<br>- The bank reported a profit after tax of Rs 1,516 crore, with a return on assets of 1.20% and a return on equity of 11.36%.<br>- Capital adequacy ratio stood at 18.06% as of September 30, 2023.<br><br><br><br><br><br>Result PDF