IDBI reports Profit after tax of Rs 14581.80 Mln, in the December 2023 quarter

20 Jan 2024 Evaluate
The sales surged to Rs. 65408.60 millions, up 25.03% for the December 2023 quarter as against Rs. 52314.40 millions during the corresponding quarter previous year.Profit after tax for the quarter ended December 2023 reported a huge growth of 57.26% to Rs. 14581.80  millions from Rs. 9272.70 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202312 202212 % Var 202312 202212 % Var 202303 202203 % Var
Interest Earned 65408.60 52314.40 25.03 194356.60 148436.20 30.94 205697.80 182919.10 12.45
Other Income 9734.10 8568.70 13.60 27147.40 30843.10 -11.98 43719.80 46898.90 -6.78
Interest Expended 31063.90 23060.90 34.70 89371.10 66926.40 33.54 91392.30 91294.10 0.11
Operating Expenses 20813.30 20813.30 20.25 57963.50 49244.30 17.71 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 3198.50 7842.80 -59.22 12828.20 25142.30 -48.98 34978.60 38865.40 -10.00
Tax 5485.20 3398.20 61.41 21284.90 12849.10 65.65 15928.80 11693.50 36.22
PAT 14581.80 9272.70 57.26 40056.30 25117.20 59.48 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 35.57 39.21 -9.29 38.16 42.52 -10.24 42.47 40.98 3.65

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