IDBI Bank Q1 results show revenue rise from 7133.43 to 7770.91 crores, an 8.94% increase in growth. EPS also rise from Rs.1.13 to Rs.1.14, up by 0.88%.
First, Let’s Begin with Quarter-on-Quarter Basis:
IDBI Bank shared its Q1 results on Monday. They earned 7770.91 crores in revenue this quarter, but that’s more than the 7133.43 crores they made last quarter. The bank’s growth increased by 8.94 percent when comparing the two quarters.
In terms of profits, IDBI Bank’s PAT (Profit After Tax) for this quarter was 1234.28 crores, up from 1206.82 crores in the previous quarter. Their quarter-to-quarter growth inclined by 2.28 percent.
The Bank’s EPS (Earnings Per Share) this quarter is Rs.1.14, which is an increase of 0.88% from the Rs.1.13 EPS in the previous quarter.
In addition, Bank’s net NPA (Non-Performing Assets) decreased to 0.44% this quarter from 0.92% in the previous quarter, resulting in a 48 basis point decrease in the bank’s net NPA.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The bank made a total revenue of 7770.91 crores this year (2023), which is 33.32 percent higher than last year’s total revenue of 5828.81 crores.
This Year’s PAT (Profit After Tax) is 1234.28 crores, which is also 59.68% higher than last year’s PAT of 772.95 crores.
The EPS (Earnings Per Share) for this year is Rs.1.14, which is 60.56% more than the EPS of Rs.0.71 earned last year.
Bank’s gross NPA (Non-Performing Assets) dropped to 5.05% this year from 6.38% in the previous year, resulting in a decrease of 133 basis points in the bank’s gross NPA.
In addition, the bank’s net NPA (Non-Performing Assets) decreased to 0.44% this year from 1.26% in the previous year, resulting in an 82 basis point decrease in the bank’s net NPA.
The CAR (capital adequacy ratio) of the bank increased to 20.33 percent this year from 19.57 percent in the previous year.
The ROA (return on assets) of the bank increased to 1.49 percent in this quarter from 1.03 percent in the previous year.
IDBI Bank Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About IDBI Bank:
The IDBI Bank Limited functions as a development finance institution and is owned by both the Life Insurance Corporation of India and the Government of India. Originally founded in 1964 as the Industrial Development Bank of India, it operated as a development finance institution, catering to the financial needs of the industrial sector.
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