Awards & Recognitions
e. Net Profit
Section 9: Profitability & Capital
The Bank has strong unit economics
.
Since the merger in December 2018, the Bank had to account for much higher than normalized provisions due to legacy wholesale stressed assets
as well as the impact of COVID-19. This has clouded the core incremental economics (NII Plus Fees less Opex).
.
This analysis has been prepared to understand how the core business model of the bank is evolving
•
This analysis shows that the core normalized simulated net profit has been rising steadily and strongly at the Bank, from net losses at merger to
net profit of Rs. 2201 crore in FY23 (without trading gain).
In Rs. Crore
Simulated Normalized PAT (Rs crore)
FY19*
FY20
FY21
FY22
FY23*
2,201
Average Funded Asset, (Actual)
92,868
1,08,055 1,08,243
1,19,572
1,44,965
Core Operating Profit, (Actual)
1,101
1,764
1,909
(excluding trading gains)
2,753
4,607
Credit Cost, (Simulated)
1,393
1,621
1,624
1,794
@1.5% of Avg loans & advances
1,665
213
107
718
Simulated normalized PBT
-292
143
285
959
2,942
-218
Simulated normalized PAT
-218
107
213
718
2,201
FY19*
FY20
FY21
FY22
FY23
* FY23 numbers including credit cost are on actuals.
59
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