IDBI Bank reports 30% rise in Q3 consolidated net profit

IDBI Bank Ltd. | Bank - Private | BFSI | BSE: 500116 | NSE: IDBI

21 Jan 2025 Evaluate

IDBI Bank has reported results for third quarter ended December 31, 2024 (Q3FY25).

The bank has reported 30.87% rise in net profit at Rs 1,908.27 crore for Q3FY25 as compared to Rs 1,458.18 crore for the same quarter in the previous year. Total income of the bank increased by 13.98% at Rs 8,564.92 crore for Q3FY25 as compared to Rs 7,514.27 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported 30.27% rise in its net profit at Rs 1,929.09 crore for the quarter ended December 31, 2024 as compared to Rs 1,480.81 crore for the same quarter in the previous year. Total income of the bank increased by 13.84% at Rs 8,628.99 crore for Q3FY25 as compared to Rs 7,579.91 crore for the corresponding quarter previous year.

Peers

Company Name	CMP
HDFC Bank	741.50
ICICI Bank	1344.40
Axis Bank	1251.90
Kotak Mahindra Bank	417.95
Indusind Bank	961.00
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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