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IDBI Bank Ltd share Price Today

Company details

6M Return 13.53%
1Y Return 16.93%
Mkt Cap.(Cr) 67,202.51
Volume 5,393,551
Div Yield 1.60%
OI Chg %
Volume 5,393,551

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IDBI Bank announced Q2FY24 results:

1. Financial Performance:
- Net profit surges to Rs 1,323 crore, registering a YoY growth of 60%.
- Net Interest Income at Rs 3,067 crore, witnessing a 12% YoY growth.
- Net Advances at Rs 1,68,502 crore, showing a 15% YoY growth.
- CASA (Current Account and Savings Account) at 51.49%.
- Gross NPA (Non-Performing Assets) decreases to 4.90%, with a YoY reduction of 1161 bps.
- Net NPA decreases to 0.39%, with a YoY reduction of 77 bps.
- Provision Coverage Ratio (PCR) at 99.10%.
- CRAR (Capital to Risk-Weighted Assets Ratio) at 21.26%.

2. Performance Highlights for Q2 FY 2024:
- Net profit at Rs 1,323 crore, witnessing a YoY growth of 60%.
- Operating profit stands at Rs 2,072 crore.
- NIM (Net Interest Margin) stands at 4.33%.
- Cost of deposit stands at 4.23%.
- CRAR stands at 21.26%, with a YoY growth of 178 bps.
- Return on Assets (ROA) stands at 1.59%, with a YoY growth of 50 bps.
- Return on Equity (ROE) stands at 19.05%, with a YoY growth of 384 bps.
- Net NPA stands at 0.39%, improved by 77 bps on a YoY basis.
- Gross NPA stands at 4.90%, improved by 1161 bps on a YoY basis.
- PCR stands at 99.10%, increased by 126 bps on a YoY basis.

3. Business Growth:
- Net advances grew by 15% YoY to Rs 1,68,502 crore as of September 30, 2023, compared to Rs 1,46,924 crore as of September 30, 2022.
- CASA stood at Rs 1,28,464 crore, with a CASA ratio of 51.49% as of September 30, 2023.

4. Asset Quality:
- Gross NPA ratio improved to 4.90% as of September 30, 2023, compared to 16.51% as of September 30, 2022.
- Net NPA ratio improved to 0.39% as of September 30, 2023, compared to 1.16% as of September 30, 2022.
- Provision Coverage Ratio (including Technical Write-Offs) improved to 99.10% as of September 30, 2023, from 97.84% as of September 30, 2022.



Result PDF

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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax



Equity Capital: 46,319.24 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 15,779.50 22,156.90
LAST 3M 54,802.13 -2,099.03
LAST 6M 93,089.45 78,838.27
LAST 12M 161,092.98 118,023.38

IDBI Bank Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • IDBI Bank is in the Banking sector with a Market Capitalization of worth Rs. 40,966 Cr, it is incorporated in the year 1964. It has reported the consolidated sales of Rs. 4916.13 crores at the end of the June’21 quarter. The company is also listed in the Bombay Stock Exchange (BSE) with the code 500116 and listed in the National Stock Exchange (NSE) with the code IDBI.

    IDBI Bank or Industrial Development Bank of India was established in 1964 to provide credit and financial services to support the development of the Indian industry. Initially, it was a subsidiary of the Reserve Bank of India, and later its ownership was transferred to the Government of India. In 2004, IDBI saw itself getting converted from a mere financial institution to a scheduled commercial bank registered with the RBI. The Life Insurance Corporation of India (LIC) completed the acquisition of 51% of the company in January 2019, after which the RBI classified the IDBI bank as a private sector bank. IDBI Bank is mainly involved in providing banking services to its customers while holding a presence in other associated financial sector businesses such as Capital markets, Investment banking, and mutual funds industry. The promoters of the company currently have 94.71% of the stake in the company, whereas Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) hold 0.10% and 1.30% of the stake, and the balance 3.89%, is owned by others (retail investors).

    In June 2021, quarterly net sales were Rs. 4,916.13 crores, similar to 4,896.43 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 603.3 crores, up by 317.71% from Rs. 144.43 crores in June 2020. In June 2021, the operating profit was Rs. 5,873.57 crores, which is up by approximately 12.47% from Rs. 5,222.15 crores for the quarter ending in June 2020. From Rs. 0.14 in June 2020, the EPS of IDBI Bank has risen to Rs. 0.56 in June 2021 saw a sharp 300% increase in one year. IDBI Bank’s stock closed at Rs. 38.30 on 13th August, 2021 (NSE) and has returned 32.07% in the last six months and -4.25% in the last year.

Registered Address

IDBI Tower WTC Complex 3rd Flr, Cuffe Parade Colaba, Mumbai, Maharashtra, 400005

Tel : 91-22-66553355/22189111
Email : idbiequity:idbi.co.in
Website : http://www.idbibank.in

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 500116
Book Closure Date (Month) :
BSE Group : A
ISIN : INE008A01015

FAQ’s on IDBI Bank Ltd Shares

You can buy IDBI Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy IDBI Bank Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Dec 01, 2023 03:59 PM the closing price of IDBI Bank Ltd was ₹ 62.50.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 01, 2023 03:59 PM, the market cap of IDBI Bank Ltd stood at ₹ 67,202.51.

The latest PE ratio of IDBI Bank Ltd as of Dec 01, 2023 03:59 PM is 14.09

The latest PB ratio of IDBI Bank Ltd as of Dec 01, 2023 03:59 PM is 0.59

The 52-week high of IDBI Bank Ltd is ₹ 74.75 while the 52-week low is ₹ 42.90

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