IDBI Bank Q1FY27 results today: Net profit up 5% to ₹2,115 crore, business grows 15% YoY — Here's all we know
IDBI Bank Q1FY27 results today: The bank declared its earnings for the quarter on 18 July with net profit up 5% to ₹2,115 crore, net interest income risen by 10% YoY to ₹3,486 crore, and business growth at 15% YoY at ₹5.
₹2,115 crore. " width="600" height="338" fetchpriority="high" loading="eager">IDBI Bank released its Q1FY27 earnings today, reporting net profit of ₹2,115 crore, up 9% quarter-on-quarter (QoQ) and 5% year-on-year (YoY), as against profit of ₹2,007 crore recorded in Q1FY26.
Operating profit stood at ₹2,168 crore.
and the bank saw net interest income (NII) grow 10% to ₹3,486 crore, according to its filing with the exchanges today.
Quick answers to key questions
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QUESTIONS
IDBI Bank reported a net profit of ₹2,115 crore for Q1 FY27, marking a 5% increase year-on-year.
IDBI Bank's net interest income (NII) grew by 10% to ₹3,486 crore in Q1 FY27.
IDBI Bank's gross NPAs declined to 2.30%, a reduction of 63 bps year-on-year, indicating improved asset quality.
IDBI Bank's total business grew by 15% year-on-year, reflecting healthy growth compared to other banks in the sector.
Investors may find IDBI Bank's Q1 FY27 results relevant due to improved profits and asset quality, though individual circumstances should also be considered.
Further, total business is up 15% YoY at ₹5,84,725 crore, where net deposits are up 10% YoY to ₹3,25,757 crore and net advances grew 22% YoY to stand at ₹2,58,968 crore. CASA stood at ₹1,42,162 crore, up by 7% from the previous year.
The filing with the stock exchanges on 18 July noted that the lender's gross NPAs are down to 2.30%, reduction by 63 bps YoY; while net NPAs are down to 0.16%, reduction by 5 bps YoY.
The release added that Provision Coverage Ratio (PCR) stood at 99.31%, while Return on Assets (ROA) stood at 1.89%, showing growth of 14 bps QoQ and CRAR stood at 26.92%, improved by 153 bps YoY and 27 bps QoQ.
The bank's Credit Deposit Ratio stood at 79.50%, improved by 810 bps YoY and 644 bps QoQ.
(This is a developing story, more updates to come…)
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Jocelyn Fernandes
Jocelyn Fernandes is a journalist and editor with nearly 13 years of experience covering the business, corporate, economy and markets beats in news.<br> As chief content producer for around three years at Livemint (Hindustan Times), Jocelyn publishes breaking stories, explainers, features and live blogs on a range of business and economy topics, including the Budget, corporate developments, stock markets, income tax, money and personal finance, cryptocurrency, government policy, impact of US tariffs, international developments and more.<br> Jocelyn's writing philosophy is focused on delivering news in an accurate and accessible format for readers. She thus focuses her news coverage on explainers and FAQs in order to breakdown business, corporate, economic, and policy topics that are of importance to everyday readers.<br> She holds a Bachelors in Mass Media (BMM) and Post Graduate Diploma (PGD) in Journalism and Communication and has previously written for online business and markets news site Moneycontrol (Network18), Business-to-business (B2B) trade publications — the industry magazines Power Today and Solar Today (ASAPP Media), and the national news agency United News of India (UNI).<br> Outside of work, Jocelyn keeps up-to-date with local and international news, enjoys reading fiction books, novels and short stories, and enjoys movies, travelling and art. <br> She can be found on X and LinkedIn, and reached by email: <a href="jocelyn.fernandes@htdigital.in">jocelyn.fernandes@htdigital.in</a> <br> X/ Twitter handle: <a href="https://x.com/scribeJocelyn">@scribeJocelyn</a> <br> LinkedIn: <a href="https://in.linkedin.com/in/jocelyn-fernandes-journalist">LinkedIn</a>
Source: Livemint — Companies
