IDBI Bank trades higher on reporting 28% rise in Q1 consolidated net profit
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IDBI Bank is currently trading at Rs. 37.10, up by 0.35 points or 0.95% from its previous closing of Rs. 36.75 on the BSE.
The scrip opened at Rs. 37.20 and has touched a high and low of Rs. 37.25 and Rs. 36.75 respectively. So far 347520 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.25 on 18-Oct-2021 and a 52 week low of Rs. 30.50 on 30-Jun-2022.
Last one week high and low of the scrip stood at Rs. 37.45 and Rs. 35.35 respectively. The current market cap of the company is Rs. 39730.13 crore.
The promoters holding in the company stood at 94.71%, while Institutions and Non-Institutions held 0.25% and 5.04% respectively.
IDBI Bank has reported a rise of 25.37% in its net profit at Rs 756.36 crore for the quarter ended June 30, 2022 as compared to Rs 603.30 crore for the same quarter in the previous year. However, total income of the bank decreased by 13.03% at Rs 5,780.99 crore for Q1FY23 as compared Rs 6,647.22 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported a rise of 27.82% in its net profit at Rs 772.95 crore for the quarter ended June 30, 2022 as compared to Rs 604.74 crore for the same quarter in the previous year. However, total income of the bank decreased by 12.73% at Rs 5,835.69 crore for Q1FY23 as compared Rs 6,687.13 crore for the corresponding quarter previous year.
