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IDBI Bank Ltd Q3FY24; 59% 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 Q3FY24 of ₹6,549.00 Crores up from ₹5,230.00 Crore year on year, a rise of 25.22%.

Total Expenses for Q3FY24 of ₹5,546.00 Crores up from ₹4,867.00 Crores year on year, a rise of 13.95%.

Consolidated Net Profit of ₹1,515.00 Crores up 59.47% from ₹950.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.40, up 59.09% from ₹0.88 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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