IDBI Bank Reports Strong Q3 FY24-25 Results with Improved Loan Quality and Profitability

IDBI Bank has recently reported its financial results for the third quarter of FY24-25, highlighting notable developments across various metrics. The bank's Gross Non-Performing Assets (NPA) have reached a low of 3.57%, continuing a downward trend observed over the past five quarters, which suggests a favorable shift in the quality of its loan portfolio.
The Profit Before Tax (PBT) for the quarter is recorded at Rs 1,886.97 crore, showing a significant increase compared to the average PBT of Rs 1,262.64 crore from the previous four quarters. In tandem, the Profit After Tax (PAT) has achieved a record high of Rs 1,908.27 crore, reflecting consistent growth over the same period.

IDBI Bank's Net Interest Income has reached Rs 4,228.22 crore, while interest earned has hit Rs 7,815.57 crore, both marking the highest figures in the last five quarters. The Operating Profit has also seen an upward movement, reaching Rs 2,052.57 crore, with an Operating Profit Margin of 26.26%. Furthermore, the Earnings per Share (EPS) has risen to Rs 1.77, indicating a positive trend in profitability for shareholders.

In light of these developments, there have been evaluation changes regarding IDBI Bank's financial standing.

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