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IDBI Bank Ltd Q1 FY24; 60% rise in Profits

IDBI Bank is engaged in the business of Monetary intermediation of commercial banks, saving banks, postal savings bank and discount houses.

Financial Results:

  • IDBI Bank Ltd reported Revenues for Q1FY24 of ₹6,864.00 Crores up from ₹4,639.00 Crore year on year, a rise of 47.96%.
  • Total Expenses for Q1FY24 of ₹5,928.00 Crores up from ₹4,715.00 Crores year on year, a rise of 25.73%.
  • Consolidated Net Profit of ₹1,234.00 Crores up 59.64% from ₹773.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹1.14, up 60.56% from ₹0.71 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Banking
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