IDBI Bank Q3 results: Private sector lender IDBI Bank has announced its third quarter FY25 results today on January 20. In the October-December quarter, the bank’s standalone net profit has increased by 31 percent on an annual basis. The company recorded a profit of Rs 1908.27 crore during this period. In the December quarter of last year, the bank had earned a net profit of Rs 1458.18 crore. Shares of the bank have gained 2.46 percent today and the stock closed at Rs 86.12 on BSE. The bank has released the results after the market closed.
How were the results of IDBI Bank?
IDBI Bank said in a regulatory filing that the bank’s total income in the third quarter of the current financial year increased to Rs 8564.92 crore from Rs 7514.27 crore in the same quarter a year ago. The bank’s interest income during the quarter increased to Rs 7815.57 crore from Rs 6540.86 crore in the same period of the previous financial year. The bank’s Net Interest Income (NII) increased by 23.1 per cent to Rs 4228.22 crore as compared to Rs 3434.47 crore in the corresponding quarter of FY24.