New Delhi, Jan 27 (PTI) Shares of IDFC First Bank declined nearly 8 per cent on Monday morning after the firm posted a 53 per cent decline in net profit at Rs 339 crore for the third quarter ended December 2024 on increased provisions due to higher slippages of loans.

The company's stock plunged 7.7 per cent each to hit a 52-week low of Rs 57.45 and Rs 57.46 apiece on both NSE and BSE, respectively.

Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for January 27, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game.

IDFC First Bank on Saturday reported a 53 per cent decline in net profit at Rs 339 crore for the third quarter ended December 2024 on increased provisions due to higher slippages of loans.

The private sector lender had earned a net profit of Rs 716 crore in the same quarter a year ago.

Also Read | Shillong Teer Results Today, January 27 2025: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai.

However, the total income increased to Rs 11,123 crore during the quarter from Rs 9,396 crore in the same period a year ago, IDFC First Bank said in a regulatory filing.

Interest income increased to Rs 9,343 crore from Rs 7,879 crore a year ago, it added.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)