IDBI Bank reports positive financial results for Q2 FY25, NPA at lowest in 5 quarters
IDBI Bank, one of the largest public banks in India, has recently declared its financial results for the quarter ending September 2024. According to the latest report, the bank has shown positive performance in terms of key financial indicators.
The bank’s Gross NPA (Non-Performing Assets) has decreased to 3.68%, which is the lowest in the last five quarters. This shows that the proportion of stressed loans given by the bank is decreasing. Additionally, the bank’s Profit After Tax (PAT) has increased to Rs 1,836.45 crore, which is the highest in the last five quarters. This indicates a positive trend in the bank’s profitability.
IDBI Bank’s Net Interest Income (NII) has also shown a positive trend, with the highest value of Rs 3,875.47 crore in the last five quarters. This indicates that the bank’s income from its core business is increasing. The bank’s Interest Earned has also shown a positive trend, with the highest value of Rs 7,441.80 crore in the last five quarters.
The bank’s Operating Profit (PBDIT) has also increased to Rs 1,693.59 crore, which is the highest in the last five quarters. This shows a positive trend in the bank’s operational efficiency. The bank’s Operating Profit Margin has also improved to 22.76%, indicating an increase in efficiency.
IDBI Bank’s Earnings per Share (EPS) has also shown a positive trend, with the highest value of Rs 1.71 in the last five quarters. This indicates that the bank has created higher earnings for its shareholders. The bank’s Net NPA has also decreased to 0.20%, showing a decrease in the proportion of stressed loans.
On the other hand, the bank’s Profit Before Tax (PBT) has fallen by 14.4% compared to the average PBT of the previous four quarters. This may be a cause for concern for investors. Additionally, the bank’s Non-Operating Income is 53.56% of its PBT, which may not be a sustainable business model.
Overall, IDBI Bank has shown positive financial performance in the quarter ending September 2024. However, investors should keep an eye on the bank’s PBT and Non-Operating Income in the coming quarters. MarketsMOJO has given a ‘Hold’ call for the bank’s stock based on its financial performance.
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