IDBI Bank Ltd. reported results for the June quarter on Monday, July 21, where its core income was under pressure, while a jump in other income, boosted the lender’s bottomline.Net Interest Income (NII) for the quarter declined by 2% to ₹3,165.8 crore. NII for the base quarter stood at ₹3,232.8 crore.
Net profit for the lender increased by 16.8% from last year to ₹2,007.4 crore from ₹1,719.3 crore in the year-ago period.
The bottomline also received a boost from a provision write-back of ₹385.3 crore, compared to a write-back of ₹2,759.37 crore in the March quarter.Asset quality trends have been mixed for the quarter. Gross NPA for the quarter stood at 2.93% from 2.98% in March, while Net NPA stood at 0.21% from 0.15% in March.
Net profit for the lender increased by 16.8% from last year to ₹2,007.4 crore from ₹1,719.3 crore in the year-ago period.
The bottomline also received a boost from a provision write-back of ₹385.3 crore, compared to a write-back of ₹2,759.37 crore in the March quarter.Asset quality trends have been mixed for the quarter. Gross NPA for the quarter stood at 2.93% from 2.98% in March, while Net NPA stood at 0.21% from 0.15% in March.
IDBI Bank’s Return on Assets (RoA) improved to 2.01%, which was a growth of 18 basis points from the same quarter last year.
Net Interest margin for the quarter contracted by 50 basis points from the year-ago quarter to 3.68% from 4.18% last year.
Shares of IDBI Bank are currently trading 1.7% lower after the results announcement at ₹96.92. The stock is still up 27% so far in 2025.
First Published: Jul 21, 2025 2:38 PM IS
