IDBI Bank Q1 Profit Rises 17% to ₹2,007 Crore

IDBI Bank on Monday reported a 17% rise in net profit at ₹2,007 crore for the first quarter of the current financial year.

The LIC controlled-bank had earned a net profit of ₹1,719 crore in the same quarter of the previous fiscal year.

Total income rose to ₹8,458 crore during the June quarter of 2025-26, from ₹7,471 crore a year ago, IDBI Bank said in a regulatory filing.

Interest earned by the bank improved to ₹7,021 crore, as compared to Rs 6,666 crore in the June quarter FY25.

However, Net Interest Income (NII) declined to ₹3,166 crore in the quarter, as against ₹3,233 crore in Q1 of the previous year.

During the period, operating profit of the bank increased to ₹2,354 crore, from ₹2,076 crore a year ago.

The bank's asset quality improved as gross non-performing assets (NPAs) declined to 2.93% of gross advances at the end of the June quarter, from 3.87% a year ago.

Similarly, net NPAs, or bad loans, declined to 0.21% from 0.23% in the year-ago period.

Net advances rose to ₹2,11,907 crore as on June 30, 2025 as against ₹1,94,026 crore as on June 30, 2024 registering a growth of 9 per cent.

Provision Coverage Ratio (PCR) remained flat at 99.31% at the end of June 30, 2025.

At the same time, Return on Assets (ROA) improved to 2.01% in June 2025 from 1.83% a year ago.

Capital adequacy ratio of the bank rose to 25.39%, from 22.42% in the same quarter of FY25.