- IDBI Bank's Q1 FY2027 net profit rose 5.4% year-on-year
- Net profit reached Rs 2,115 crore compared to Rs 2,007 crore last year
- Net Interest Income increased 10% to Rs 3,486 crore
IDBI Bank Ltd.'s net profit for the first quarter of financial year 2027 rose 5.4% year-on-year, according to an exchange filing on Saturday.
The private lender posted a bottom-line of Rs 2,115 crore, compared to Rs 2,007 crore in the year-ago period. Net Interest Income, the difference between interest earned and interest paid, climbed 10% to Rs 3,486 crore from Rs 3,166 crore.
IDBI Bank's gross NPA improved by 2 basis points quarter-on-quarter to 2.30% from 2.32%, while the net NPA deteriorated marginally by 1 basis point to 0.16% from 0.15%.
The bank's provision coverage ratio stood at 99.31%, compared with 99.39% in the previous quarter. Operating profit slid 7.9% to Rs 2,168 crore from Rs 2,354 crore year-on-year.
Net Interest Margin (NIM) declined to 3.61% from 4.15% in the preceding quarter and 3.68% a year ago. Meanwhile, the Current Account and Savings Account ratio (CASA) ratio fell to 43.64% from 44.59% in the previous quarter.
ALSO READ: Yes Bank Q1 Results: Net Profit Jumps 34% Despite Provisions Rising; Asset Quality Remains Stable
IDBI Bank Q1FY27 (Standalone, YoY)
Net interest income up 10.1% to Rs 3,486 crore from Rs 3,166 crore
- Interest income up 7.4% to Rs 7,541 crore from Rs 7,021 crore
- Net Profit up 5.4% to Rs 2,115 crore from Rs 2,007 crore
- Operating profit down 7.9% to Rs 2,168 crore from Rs 2,354 crore
ALSO READ: Punjab National Bank Q1 Results: Net Profit Triples Even As Provisions Rise; NII Up 2%
IDBI Bank Share Price
IDBI Bank's stock closed 1.73% higher at Rs 87.02 apiece on the NSE on Friday. This compared to a 1.09% advance in the benchmark Nifty index.
The share price has fallen 15.51% year-to-date and 12.69% in the last 12 months.
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