IDBI Secon Quarter Q2 Results, Profit Up By 57% To Rs 254 Crores

IDBI Bank has announced its second qaurter results. The company’s Q2 net profit was up 57% at Rs 254 crore versus Rs 162 crore.

Its NII was up 106% at Rs 472 crore versus Rs 229 crore.

Its other income was up at Rs 563 crore versus Rs 421 crore.

The company’s CAR was up at 11.9% versus 11.57%.

Sales: Rs.3720.14 Cr vs Rs.2596.80 Cr (43% up)

Net Profits: Rs.253.74 Cr vs Rs.162.48 Cr (56% up)

OPM: 80.35% vs 85.95% (7% down)