IDFC First Bank Limited

NSE IDFCFIRSTB.NS

IDFC First Bank Limited Gross Profit for the year ending March 31, 2024: USD 4.35 B

IDFC First Bank Limited Gross Profit is USD 4.35 B for the year ending March 31, 2024, a 108.87% change year over year. Gross profit is the difference between revenue and the cost of revenue, representing the profit earned from core business operations.
  • IDFC First Bank Limited Gross Profit for the year ending March 31, 2023 was USD 2.08 B, a 18.84% change year over year.
  • IDFC First Bank Limited Gross Profit for the year ending March 31, 2022 was USD 1.75 B, a 22.81% change year over year.
  • IDFC First Bank Limited Gross Profit for the year ending March 31, 2021 was USD 1.43 B, a 60.80% change year over year.
  • IDFC First Bank Limited Gross Profit for the year ending March 31, 2020 was USD 886.83 M, a 90.17% change year over year.
Key data
Date Gross Profit Operating Income EBIT EBITDA
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NSE: IDFCFIRSTB.NS

IDFC First Bank Limited

CEO Mr. Vembu Vaidyanathan AMP (HBS), MBA
IPO Date Nov. 6, 2015
Location India
Headquarters Naman Chambers
Employees 41,141
Sector Finance
Industries
Description

IDFC First Bank Limited provides various banking, and financial products and services to corporates, individuals, multi- national companies, SMEs/entrepreneurs, financial institutions, and the government in India. It operates through Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Business segments. The company provides savings, corporate salary, current, and business accounts; fixed and recurring deposits; debit, credit, and prepaid cards; and payment services. It also offers personal, consumer durable, home, car, two-wheeler, equipment hypothecation, business, working capital, professional, term, and micro enterprise loans, as well as loan against property and loans for women. In addition, the company provides corporate linked finance products, including sales bill/purchase bill/invoice discounting, vendor finance, dealer finance, and factoring/receivables purchase; treasury and capital market services; and trade finance and services comprising import-export solutions, bank guarantees, remittances, etc. Further, it offers investment services consisting of mutual funds, gold bonds, demat and trading account, and investment linked insurance solutions; term, health, motor, home, travel, business, and pradhan mantri insurance products, as well as savings and annuity plans; and mobile, Internet banking, and customer care services. Additionally, the company provides cash management services; investment banking services; and investment management solutions. As of March 31, 2022, it operated 641 branches, 203 asset service branches, 719 ATMs and recyclers, and 601 rural business correspondent branches. The company was formerly known as IDFC Bank Limited and changed its name to IDFC First Bank Limited in January 2019. IDFC First Bank Limited was incorporated in 2014 and is based in Mumbai, India.

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StockViz Staff

January 15, 2025

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