Highlights of Q3 FY22 Results

Q3-FY22 results: Profitability Section 5A Management Commentary on Q3 FY22 Results Profitability ■ Pre-Provisioning Operating Profit (excl. Trading gains) increased by 54% YOY to Rs. 745 crore for Q3-FY22 from Rs. 484 crore Q3-FY21. Profit After Tax of the Bank increased by 117% YOY to Rs. 281 crore in Q3-FY22 from Rs. 130 crore in Q3-FY21. Income • Net Interest Income increased by 36% YoY. Net Interest Margin (quarterly annualized) of the Bank improved to 5.90% for Q3-FY22 from 4.80% in Q3-FY21 and 5.76% in Q2-FY22. In one large telecom account the interest income was accounted on cash basis. Above- mentioned NIM for Q3 FY22 and Q3 FY21 excludes interest income pertaining to prior periods for the said large telecom company. Including the same the actual NIM is 6.18% for Q3 FY22 and 5.04% for Q3 FY21. Fee and Other Income grew by 28% YoY to reach Rs. 744 crore in Q3 FY22 as compared to Rs. 582 crore in Q3 FY21. . Fee Income growth was contributed primarily by the fees related to loan sourcing, higher transaction fees, distribution and wealth management fees etc. Retail fees constitutes 82% of the overall fees for the quarter. Core operating income (net of interest expense and excluding trading gains) increased by 34% YOY to Rs. 3,324 crore in Q3-FY22 from Rs. 2,474 crore in Q3-FY21 aided by strong NII and Fee Income growth. Contd... 44 IDFC FIRST Bank

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