Published on 21/07/2025 02:39 PM
IDBI Bank Q1 Results: Core income remains pressured; Asset quality trends mixedIDBI Bank's Return on Assets (RoA) improved to 2.01%, which was a growth of 18 basis points from the same quarter last year.By Hormaz Fatakia July 21, 2025, 2:39:19 PM IST (Updated)1 Min ReadIDBI 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.
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.Continue ReadingFirst Published: Jul 21, 2025 2:38 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsIDBI BankIDBI Bank sharesshare market today