Awards & Recognitions

e. Net Profit Section 9: Profitability & Capital .. Driving the Net Profit growth despite the impact of stressed legacy assets and Covid Quarterly Net Profit / Loss (Rs crore) 803 556 605 474 343 281 72 == 94 101 130 128 152 וייוי -1,538 Provisions on Infra Provisions on revaluation; Reliance Capital, Provisions on DHFL, Infra A/Cs Goodwill Write-off on merger Infra A/Cs -1,639 Provisions on Telecom A/C COVID 2nd wave -630 The Bank has sustainably turned around and improved its profitability every quarter based on growth in its core operating profit Since there was no moratorium in COVID second wave, the bank took additional provisions based on ageing. The Bank in due course recovered from the provisioned portfolio, especially in retail loans. Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 In Q4-FY23, the Bank had trading gains of Rs. 216 crore and the Bank utilized Rs. 79 crore of of the same to increase the PCR. Adjusting for these one-time items, the net profit of the Bank would have been Rs. 701 crore for Q4-FY23. We expect profitability to further improve going forward with scale. 58 IDFC FIRST Bank

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