Invest
27 Years
4.4 Star
1 Crore +
IDBI Bank announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Net Profit improved by 44% for Q4FY24 to Rs 1,628 crore as against net profit of Rs 1,133 crore for Q4FY23.
- Net Interest Income improved by 12% for Q4FY24 to Rs 3,688 crore as against Rs 3,280 crore for Q4FY23.
- Return on Assets (ROA) improved by 39 bps to 1.82% for Q4FY24 as compared to 1.43% for Q4FY23
- Cost of Deposit stood at 4.48% for Q4FY24 as compared to 3.71% for Q4FY23.
- Cost of Funds stood at 4.74% for Q4FY24 as compared to 3.96% for Q4FY23
FY24 Financial Highlights:
- Net profit at Rs 5,634 crore, YoY growth of 55%.
- Operating Profit at Rs 9,592 crore, YoY growth of 10%.
- NIM at 4.93%, YoY growth 41 bps.
- Cost of Deposit stood at 4.30%.
- CRAR at 22.26%, YoY growth of 182 bps.
- Return on Assets (ROA) at 1.65%, YoY growth of 45 bps.
- Return on Equity (ROE) at 19.50%, YoY growth of 335 bps.
- Cost to Income Ratio stood at 46.10%.
- Net NPA at 0.34%, down from 0.92% as on March 31, 2023.
- Gross NPA at 4.53%, down from 6.38% as on March 31, 2023.
- PCR stood at 99.09% as against 97.94% on March 31, 2023.
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