IDBI Bank Q2 results: Net profit tanks 39% YoY to Rs 2,205 crore; NII dips 49% YoY

IDBI Bank reported a sharp year-on-year decline in both net profit and net interest income for the second quarter. Net profit stood at Rs 2,205 crore, down 39% from the same period a year earlier.

Net interest income drops 49%

The bank's net interest income, a key measure of earnings from lending and investment activities, fell 49% year-on-year during the quarter. The decline was steeper than the fall in net profit.

The results place the focus on the bank's quarterly earnings performance, with both headline profit and net interest income recording significant year-on-year contractions.

What the results show

• Net profit declined 39% year-on-year.
• Quarterly net profit was Rs 2,205 crore.
• Net interest income fell 49% year-on-year.
• Both reported measures were lower than in the corresponding period a year earlier.

With no further operating details provided, the reported figures offer a limited view of the factors behind the declines. The immediate takeaway is that IDBI Bank's second-quarter performance reflected pressure on two central earnings indicators.

The next quarterly update will provide further information on how the bank's profit and net interest income develop after this reported decline.