IDBI Bank Q4 results: Net profit jumps to the highest level of ₹7,515 crore; shares up 3.5%

IDBI Bank reported a mixed set of numbers for Q4FY25 as total interest income remained largely unchanged. However, the bottom line grew by 25% YoY and 7% QoQ. The total net interest income for the quarter declined by 10% YoY and 22% QoQ. This was largely due to a 10% sequential degrowth in interest income and a 3% growth in interest expenses. However, other income for the quarter jumped 129% YoY and 160% sequentially to ₹2,056 crore.

In addition, the provisions for bad debt and contingencies also doubled to ₹233 crore as compared to ₹113 crore in the previous year similar quarter. The net profit for the quarter stood at ₹2051 crore as compared to ₹1,628 crore. This was largely due to strong other income.

On the asset quality front, the total GNPA for the quarter declined by 25% YoY, as a result, the GNPA ratio improved substantially to 2.98% for the quarter as against 4.34% in the previous year's similar quarter. In addition, the NNPA ratio also improved further to 0.15% as compared to 0.34% in the previous year similar quarter.