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IDBI Bank Q2 Profit Falls 39 Percent Due To High Base
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News18•17-10-2026, 20:15
IDBI Bank Q2 Profit Falls 39 Percent Due To High Base
- •IDBI Bank reported a 39 percent year-on-year decline in net profit to Rs 2,205 crore for the July-September quarter, primarily due to a one-time gain from last year.
- •Excluding the exceptional gain from NSDL, the bank's underlying net profit grew 14 percent and operating profit surged 59 percent.
- •Net interest income rose 29 percent year-on-year to Rs 4,228 crore, driven by a stronger net interest margin of 4.11 percent.
- •Asset quality showed significant improvement as gross NPAs declined to 2.12 percent and net NPAs dropped to 0.17 percent.
- •Total deposits grew 17 percent to Rs 3.56 lakh crore, and net advances increased 18 percent to Rs 2.72 lakh crore.
Key Questions Answered
IDBI Bank reported a 39 percent year-on-year drop in net profit to Rs 2,205 crore for the July-September quarter of FY27, primarily due to a high base effect from a one-time exceptional gain of Rs 1,699 crore recorded last year from selling its stake in NSDL.
Excluding last year's exceptional gain, IDBI Bank's underlying net profit grew by 14 percent year-on-year. Additionally, its net interest income (NII) strengthened by 29 percent year-on-year to reach Rs 4,228 crore.
The bank's asset quality showed notable improvement, with gross non-performing assets (NPAs) decreasing to 2.12 percent from 2.65 percent a year earlier, and net NPAs declining to 0.17 percent.
