IDBI Bank has reported results for first quarter ended June 30, 2024 (Q1FY25).
The bank has reported 40.44% rise in its net profit at Rs 1,719.27 crore for the quarter ended June 30, 2024 as compared to Rs 1,224.18 crore for the same quarter in the previous year. However, total income of the bank decreased by 3.12% at Rs 7,471.25 crore for Q1FY25 as compared to Rs 7,711.95 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 40.90% rise in net profit at Rs 1,739.15 crore for Q1FY25 as compared to Rs 1,234.28 crore for the same quarter in the previous year. However, total income of the bank decreased by 3.14% at Rs 7,527.16 crore for Q1FY25 as compared to Rs 7,770.91 crore for the corresponding quarter previous year.
