Stock Report

IDBI Bank posts rise in Q1FY25 consolidated PAT to Rs. 1739.15 crores



Posted On : 2024-07-22 17:46:43( TIMEZONE : IST )

IDBI Bank posts rise in Q1FY25 consolidated PAT to Rs. 1739.15 crores

IDBI Bank Limited has reported Consolidated financial results for the period ended June 30, 2024.

Financial Results (Q1 FY2025) - QoQ Comparison

The company has reported total income of Rs. 7527.16 crores during the period ended June 30, 2024 as compared to Rs. 7955.95 crores during the period ended March 31, 2024.

The company has posted net profit / (loss) of Rs. 1739.15 crores for the period ended June 30, 2024 as against net profit / (loss) of Rs. 1655.09 crores for the period ended March 31, 2024.

The company has reported EPS of Rs. 1.61 for the period ended June 30, 2024 as compared to Rs. 1.55 for the period ended March 31, 2024.

Financials Q1 FY2025 Q4 FY2024 % Change
Total Income ₹ 7527.16 crs ₹7955.95 crs Up Tick / Down Tick-5.39%
Net Profit ₹1739.15 crs ₹1655.09 crs Up Tick / Down Tick5.08%
EPS ₹1.61 ₹1.55 Up Tick / Down Tick3.87%

Financial Results (Q1 FY2025) - YoY Comparison

The company has reported total income of Rs. 7527.16 crores during the period ended June 30, 2024 as compared to Rs.7770.91 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs.1739.15 crores for the period ended June 30, 2024 as against net profit / (loss) of Rs.1234.28 crores for the period ended June 30, 2023.

The company has reported EPS of Rs.1.61 for the period ended June 30, 2024 as compared to Rs.1.14 for the period ended June 30, 2023.

Financials Q1 FY2025 Q1 FY2024 % Change
Total Income ₹ 7527.16 crs ₹7770.91 crs Up Tick / Down Tick-3.14%
Net Profit ₹1739.15 crs ₹1234.28 crs Up Tick / Down Tick40.90%
EPS ₹1.61 ₹1.14 Up Tick / Down Tick41.23%

Asset Quality:

Asset Quality Q1 FY2025 Q4 FY2024 Q1 FY2024
Gross NPA ₹7795.42 crs ₹8916.84 crs ₹8762.51 crs
Gross NPA % 3.87% 4.53% 5.05%
Net NPA ₹453.57 crs ₹643.83 crs ₹730.60 crs
Net NPA % 0.23% 0.34% 0.44%


Gross NPA was at ₹ 7795.42 crs in Q1 FY2025 against ₹ 8762.51 crs in Q1 FY2024. The same was at ₹ 8916.84 crs in Q4 FY2024.

Net NPA was at ₹ 453.57 crs in Q1 FY2025 against ₹ 730.60 crs in Q1 FY2024. The same was at ₹ 643.83 crs in Q4 FY2024.

GNPA was at 3.87% of Gross advances as on June 30, 2024 as compared to 5.05% as on June 30, 2023 and 4.53% as of March 31, 2024.

Net NPA was at 0.23% of Gross advances as on June 30, 2024 as compared to 0.44% as on June 30, 2023 and 0.34% as of March 31, 2024.

Ratios Q1 FY2025 Q4 FY2024 Q1 FY2024
RoA % 1.83% 1.82% 1.49%
CAR (BASEL III) % 22.42% 22.26% 20.33%


Return on Average Assets (RoA) is at 1.83% for Q1 FY2025 against 1.82% in Q4 FY2024 and 1.49% in Q1 FY2024.

In Q1 FY2025, Bank's total Capital Adequacy Ratio (CAR) was at 22.42%, as compared to 22.26% in Q4 FY2024 and 20.33% in Q1 FY2024.

Shares of IDBI Bank Limited was last trading in BSE at Rs. 88.88 as compared to the previous close of Rs. 92.19. The total number of shares traded during the day was 1867735 in over 7240 trades.

The stock hit an intraday high of Rs. 94.98 and intraday low of 88.55. The net turnover during the day was Rs. 171598288.00.

Source : Equity Bulls

Keywords

IDBIBank Q1FY25 FY2025 Q1FY2025 ResultUpdate