IDBI Bank (IDBI) Q3 24/25 earnings summary

Executive summary

• Net profit for the quarter ended December 31, 2024, rose to ₹1,948.07 crore on a consolidated basis, up from ₹1,508.53 crore year-over-year.

• Total consolidated income for the quarter reached ₹8,628.99 crore, compared to ₹7,579.91 crore in the same quarter last year.

• The results were reviewed and approved by the Board and received unmodified review reports from joint statutory auditors.

Financial highlights

• Consolidated net profit for the nine months ended December 31, 2024, was ₹5,543.19 crore, up from ₹4,123.19 crore year-over-year.

• Consolidated total income for the nine months was ₹24,968.94 crore, compared to ₹22,414.46 crore in the prior year period.

• Net interest margin (annualised) stood at 4.75% for the nine months ended December 31, 2024.

• Return on assets (annualised) was 1.93% for the nine months ended December 31, 2024.

• Gross NPA ratio improved to 3.57% and net NPA ratio to 0.18% as of December 31, 2024.

Outlook and guidance

• The bank continues to hold regulatory provisions for restructured assets and maintains a high provision coverage ratio of 99.47%.

• Management expects the impact of associates on consolidated results to be immaterial.