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IDBI Bank Ltd Q2FY24; 78% 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 Q2FY24 of ₹6,038.00 Crores up from ₹4,994.00 Crore year on year, a rise of 20.91%.
  • Total Expenses for Q2FY24 of ₹4,667.00 Crores down from ₹4,668.00 Crores year on year, a fall of 0.02%.
  • Consolidated Net Profit of ₹1,393.00 Crores up 78.13% from ₹782.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹1.29, up 79.17% from ₹0.72 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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