IDBI Bank Ltd's Q3FY25 Quarter Results
- 2d ago
Result Summary
- IDBI Bank Ltd reported a 2.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 13.8%.
- Its expenses for the quarter were up by 0.2% QoQ and 11.0% YoY.
- The net profit increased 4.5% QoQ and increased 29.0% YoY.
- The earnings per share (EPS) of IDBI Bank Ltd stood at 1.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 8628.99 | 8812.79 | 7579.91 | -2.1% | 13.8% |
Total Expenses | 5799.25 | 5788.65 | 5224.59 | 0.2% | 11.0% |
Provisions & contingencies | 166.21 | 554.27 | 321.16 | -70.0% | -48.2% |
Profit Before Tax | 2663.53 | 2469.87 | 2034.16 | 7.8% | 30.9% |
Tax | 734.44 | 621.14 | 553.35 | 18.2% | 32.7% |
Profit After Tax | 1953.62 | 1869.27 | 1514.59 | 4.5% | 29.0% |
Earnings Per Share | 1.80 | 1.70 | 1.40 | 5.9% | 28.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
IDBI Bank Ltd is a well-established financial institution operating within the Indian banking sector. The bank provides a range of banking and financial services, including but not limited to, retail banking, corporate banking, and treasury operations. As a prominent player in the industry, IDBI Bank serves a diverse clientele, offering products such as savings accounts, fixed deposits, loans, credit facilities, and investment services. Recent developments in the banking industry, such as changes in regulatory frameworks and advancements in digital banking, have influenced the operations and strategic direction of banks like IDBI Bank Ltd. However, specific recent major developments related to IDBI Bank Ltd are not available within the provided data.
Revenue
In Q3FY25, IDBI Bank Ltd recorded a total income of ₹8,628.99 crores, marking a year-over-year (YoY) increase of 13.8% from ₹7,579.91 crores in Q3FY24. On a quarter-over-quarter (QoQ) basis, there was a slight decline of 2.1% from the ₹8,812.79 crores reported in Q2FY25. The growth in total income over the year suggests a positive trajectory in revenue generation compared to the same quarter of the previous year. This growth can be attributed to various factors that are not detailed in the data provided. The quarterly decrease in total income indicates a minor variance in revenue over the short term.
Profitability
IDBI Bank Ltd's profitability metrics for Q3FY25 highlight an improvement compared to both the previous quarter and the corresponding quarter of the previous year. The Profit Before Tax (PBT) for Q3FY25 was ₹2,663.53 crores, reflecting a YoY increase of 30.9% from ₹2,034.16 crores in Q3FY24 and a QoQ rise of 7.8% from ₹2,469.87 crores in Q2FY25. The Profit After Tax (PAT) stood at ₹1,953.62 crores, showing a YoY growth of 29.0% and a QoQ increase of 4.5%. The tax expenses for Q3FY25 were ₹734.44 crores, growing by 32.7% YoY and 18.2% QoQ, which indicates a substantial tax charge in line with increased profitability. Earnings Per Share (EPS) also rose to ₹1.80, representing a YoY growth of 28.6% and a QoQ increase of 5.9%.
Operating Metrics
Operating metrics for IDBI Bank Ltd in Q3FY25 demonstrate a stable expense management strategy with total expenses recorded at ₹5,799.25 crores. This represents an 11.0% increase from ₹5,224.59 crores in Q3FY24, and a marginal 0.2% increase QoQ from ₹5,788.65 crores in Q2FY25. Provisions and contingencies were significantly lower at ₹166.21 crores, showing a 70.0% decrease QoQ and a 48.2% decrease YoY, from ₹554.27 crores in Q2FY25 and ₹321.16 crores in Q3FY24 respectively. This reduction in provisions and contingencies suggests an improvement in asset quality or provision coverage. The data reflects an overall effective cost management framework contributing to the bank's improved profitability metrics over the periods analyzed.
