Stock Report

IDBI Bank consolidated Q1FY23 PAT climbs to Rs. 768.59 crores



Posted On : 2022-07-21 13:54:26( TIMEZONE : IST )

IDBI Bank consolidated Q1FY23 PAT climbs to Rs. 768.59 crores

IDBI Bank Limited has reported Consolidated financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 5835.69 crores during the period ended June 30, 2022 as compared to Rs. 5532.94 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 768.59 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 734.65 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 0.71 for the period ended June 30, 2022 as compared to Rs. 0.68 for the period ended March 31, 2022.

Financials Q1 FY2023 Q4 FY2022 % Change
Total Income ₹5835.69 crs ₹5532.94 crs Up Tick / Down Tick5.47%
Net Profit ₹768.59 crs ₹734.65 crs Up Tick / Down Tick4.62%
EPS ₹0.71 ₹0.68 Up Tick / Down Tick4.41%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs.5835.69 crores during the period ended June 30, 2022 as compared to Rs.6687.13 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.768.59 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.598.13 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.0.71 for the period ended June 30, 2022 as compared to Rs.0.56 for the period ended June 30, 2021.

Financials Q1 FY2023 Q1 FY2022 % Change
Total Income ₹5835.69 crs ₹6687.13 crs Up Tick / Down Tick-12.73%
Net Profit ₹768.59 crs ₹598.13 crs Up Tick / Down Tick28.50%
EPS ₹0.71 ₹0.56 Up Tick / Down Tick26.79%

Asset Quality:

Asset Quality Q1 FY2023 Q4 FY2022 Q1 FY2022
Gross NPA ₹ 33908.32 crs ₹34114.83 crs ₹35593.86 crs
Gross NPA % 19.90% 20.16% 22.71%
Net NPA ₹1732.12 crs ₹1856.16 crs ₹2052.83 crs
Net NPA % 1.25% 1.36% 1.67%


Gross NPA was at ₹ 33908.32 crs in Q1 FY2023 against ₹ 35593.86 crs in Q1 FY2022. The same was at ₹ 34114.83 crs in Q4 FY2022.

Net NPA was at ₹ 1732.12 crs in Q1 FY2023 against ₹ 2052.83 crs in Q1 FY2022. The same was at ₹ 1856.16 crs in Q4 FY2022.

GNPA was at 19.90% of Gross advances as on June 30, 2022 as compared to 22.71% as on June 30, 2021 and 20.16% as of March 31, 2022.

Net NPA was at 1.25% of Gross advances as on June 30, 2022 as compared to 1.67% as on June 30, 2021 and 1.36% as of March 31, 2022.

Ratios Q1 FY2023 Q4 FY2022 Q1 FY2022
RoA % 1.03% 0.95% 0.83%
CAR (BASEL III) % 19.57% 19.06% 16.23%


Return on Average Assets (RoA) is at 1.03% for Q1 FY2023 against 0.95% in Q4 FY2022 and 0.83% in Q1 FY2022.

In Q1 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at 19.57%, as compared to 19.06% in Q4 FY2022 and 16.23% in Q1 FY2022.

Shares of IDBI Bank Limited was last trading in BSE at Rs. 36.15 as compared to the previous close of Rs. 36.10. The total number of shares traded during the day was 452069 in over 1156 trades.

The stock hit an intraday high of Rs. 36.55 and intraday low of 35.85. The net turnover during the day was Rs. 16389924.00.

Source : Equity Bulls

Keywords

IDBIBank Q1FY23 ResultUpdate