The variety of desire shares has been elevated from Rs 142 crore to Rs 20 crore, i.e. from 0.20 per cent of the paid-up capital earlier than the difficulty to 2.68 per cent of the paid-up capital after the difficulty, the LIC submitting mentioned.
The announcement was made after the bell, with shares of IDFC First Financial institution closing at Rs 81.19 on the BSE on Thursday, up Rs 0.32 or 0.40 per cent. In the meantime, LIC shares closed at Rs 1,010.05, up Rs 22.25, or 2.25 per cent, from Wednesday’s closing value.
IDFC First Financial institution has lagged the market over the previous 12 months, returning practically 3% in the course of the interval. The corporate’s shares are down 8% this 12 months. The inventory is down 24% from its 52-week excessive of Rs 100.74.
IDFC First Financial institution reported internet revenue of Rs 724.35 crore for the quarter ended March 31, down from Rs 802.62 crore reported in the identical interval final 12 months. Curiosity earnings within the January-March quarter was Rs 8,219.21 million, up from Rs 6,424.35 million in the identical interval final 12 months. Elevated by 28% year-on-year. Development 32.63%. Deposits elevated from Rs 1,36,812 crore as on March 31, 2023 to Rs 1,93,753 crore as on March 31, 2024, registering an annual development of 31.7% from Rs 71,983 crore as on March 31, 2023 Rs 94,768 Crore as on March 31, 2024.
As of March 31, 2024, the CASA ratio was 47.2%.
