After peaking around the Rs 101 mark in September 2023, the IDFC First Bank stock underwent a significant correction, dropping by 30 points, equivalent to a 29.34 per cent decline from its high.
The earnings before interest tax depreciation and amortisation (Ebitda) for the quarter under review stood at Rs 16.1 cr against Rs 9.6 cr in the year-ago period, the company said
According to the Gujarat-based company, demand from metros and other major cities, which consists of a bulk of premium products, has taken a hit due to the coronavirus pandemic.