IDBI बैंक का पहली तिमाही में मुनाफा 40% बढ़ा: आय 3% घटकर ₹7,471 करोड़ रही, ब्याज आय भी 2.81% घटी

IDBI Bank’s standalone net profit in the April-June quarter rose 40.44% year-on-year to ₹1,719.27 crores from ₹1,224.18 crores in the same quarter last year.

The bank’s net profit has also increased by 5.57% on a quarterly basis. In the last quarter (Q4 FY24), the bank’s profit was Rs 1,628.46 crore. IDBI has released the results of Q1FY25 i.e. the fourth quarter of the financial year 2024-25 on Monday (22 July).

Revenue declined 3.12% to ₹7,471.25 crore
In the June quarter, the total income of the bank fell by 3.12% on an annual basis to Rs 7,471.25 crores, which was Rs 7,711.95 crores in the same quarter last year. On a quarterly basis too, the bank’s income has fallen by 5.26%.

The bank’s share rose 0.83% to ₹ 89
After the results, IDBI Bank’s stock closed at Rs 89.60 on Monday, up 0.83%. With this, the company’s market cap has reached Rs 99.90 thousand crores. In the last six months, the bank’s stock has given 17.28% return to its investors. In one year, the bank’s stock has risen by 54.75%.

IDBI Bank’s net interest income (NII) declined by 2.81% on an annual (YoY) basis to Rs 6,666 crore in the June quarter. It was Rs 6,859 crore in the same quarter last year. On a quarterly basis, the bank’s net interest income has also declined by 4.63%.

IDBI Bank has more than 2000 branches in the country
IDBI Bank provides banking and financial services. This bank was established in 1964. Its headquarter is in Mumbai. The managing director and chief executive officer (CEO) of the bank is Rakesh Sharma. IDBI Bank has more than 2000 branches and more than 3300 ATMs in the country.