IDBI Share Price Declines 3.37%; Reports 31% Growth in Q3 FY 2025 Net Profit

IDBI Bank reported financial results for the quarter and nine months ended December 31, 2024.

Post the announcement, on January 21, 2025, IDBI Bank share price (NSE: IDBI) opened at ₹86.50, slightly up from its previous close of ₹86.14. However, at 10:14 AM, the share price of IDBI Bank was trading at ₹83.24, down by 3.37% on the NSE. Notably, the stock price touched its 52-week low recently at ₹65.89 on January 13, 2025.

Q3 FY 2025 Financial Highlights

The bank’s net profit for Q3 FY 2025 surged by 31% to ₹1,908 crore, compared to ₹1,458 crore in the same period last year. This growth was driven by an increase in operating profit, which rose by 20% to ₹2,802 crore from ₹2,327 crore in Q3 FY 2024.

Other Major Highlights 

One of the key highlights was the significant improvement in Net Interest Income (NII), which grew by 23% to ₹4,228 crore, up from ₹3,435 crore in Q3 FY 2024. This was supported by a notable improvement in Net Interest Margin (NIM), which increased by 45 basis points to 5.17%, compared to 4.72% in the corresponding quarter of the previous year.

The bank also reported a reduction in its cost-to-income ratio, which declined by 351 basis points to 43.71%, reflecting improved operational efficiency.

In terms of asset quality, IDBI Bank achieved progress. The Gross Non-Performing Asset (NPA) ratio improved to 3.57% as of December 31, 2024, down from 4.69% in the previous year. The Net NPA ratio also saw improvement, decreasing to 0.18% from 0.34% a year earlier.

The bank’s total deposits increased by 9% year-on-year, reaching ₹2,82,439 crore as of December 31, 2024, up from ₹2,58,442 crore as of the same date in 2023. Despite the improvement in the cost of funds, which rose to 4.82% from 4.60% in Q3 FY 2024, IDBI Bank continued to report growth.

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