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IDBI reports Profit after tax of Rs 12241.80 Mln, in the June 2023 quarter

24 Jul 2023 Evaluate
The sales figure stood at Rs. 68599.90 millions for the June 2023 quarter. The mentioned figure indicates a growth of about 48.04% as compared to Rs. 46339.40 millions during the year-ago period.Handsome Net Profit growth of 61.85% reported above the corresponding previous quarter figure of Rs. 12241.80 millions to Rs. 7563.60 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202306 202206 % Var 202306 202206 % Var 202303 202203 % Var
Interest Earned 68599.90 46339.40 48.04 68599.90 46339.40 48.04 205697.80 182919.10 12.45
Other Income 8519.60 11401.70 -25.28 8519.60 11401.70 -25.28 43719.80 46898.90 -6.78
Interest Expended 28624.00 21464.20 33.36 28624.00 21464.20 33.36 91392.30 91294.10 0.11
Operating Expenses 18308.30 18308.30 16.18 18308.30 15758.80 16.18 70667.00 63572.30 11.16
Operating Profit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Prov.& Contigencies 11904.30 9592.30 24.10 11904.30 9592.30 24.10 34978.60 38865.40 -10.00
Tax 6041.10 3362.20 79.68 6041.10 3362.20 79.68 15928.80 11693.50 36.22
PAT 12241.80 7563.60 61.85 12241.80 7563.60 61.85 36450.90 24392.70 49.43
Equity 107524.00 107524.00 0.00 107524.00 107524.00 0.00 107524.00 107524.00 0.00
OPM 44.00 44.28 -0.62 44.00 44.28 -0.62 42.47 40.98 3.65
Peers
Company Name CMP
HDFC Bank 740.00
ICICI Bank 1343.50
Axis Bank 1250.00
Kotak Mahindra Bank 415.00
Indusind Bank 958.00
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