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