IDBI Bank (IDBI) Q1 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2024, were approved by the Board and reviewed by statutory auditors, with no material misstatements identified.

Financial highlights

• Standalone net profit rose to ₹1,719.27 crore, up from ₹1,224.18 crore year-over-year and ₹1,628.46 crore sequentially.

• Standalone total income was ₹7,471.25 crore, compared to ₹7,711.95 crore year-over-year and ₹7,886.64 crore sequentially.

• Consolidated net profit reached ₹1,734.32 crore, up from ₹1,229.26 crore year-over-year and ₹1,664.92 crore sequentially.

• Consolidated total income was ₹7,527.16 crore, compared to ₹7,770.91 crore year-over-year and ₹7,955.95 crore sequentially.

Outlook and guidance

• No material change in accounting policies during the quarter; new RBI investment framework adopted from April 1, 2024, impacting comparability with previous periods.