- IDBI Bank’s net income for the 4th quarter (4Q) was 16.3 billion rupees, a significant rise of 44% compared to the previous year.
- There was a drop in gross non-performing assets to 4.53% from the previous quarter’s 4.69%.
- The operational provisions decreased considerably by 64% to 1.14 billion rupees in the quarter.
- Operating profit experienced a decline of 10% year over year (y/y), totalling 21.75 billion rupees.
- Interest income saw an increase of 22% y/y, totalling 69.9 billion rupees.
- Interest expenses also increased by 35% y/y to 33 billion rupees.
- Other income declined by 31% y/y, amounting to 8.96 billion rupees.
- A dividend per share of 1.50 rupees has been announced.
- The bank’s stock currently has a 0 buy, 0 hold, and 0 sell rating.
A look at IDBI Bank Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, IDBI Bank Ltd seems to have a positive long-term outlook. With high scores in Growth and Momentum, indicating strong potential for expansion and market performance, the bank appears well-positioned for future growth. Additionally, the scores for Value, Dividend, and Resilience suggest a solid foundation in terms of financial health, shareholder returns, and stability. Overall, IDBI Bank Ltd‘s Smart Scores paint a picture of a company with promising prospects in the coming years.
IDBI Bank Limited, a provider of various banking and financial services, shows a favorable outlook according to the Smartkarma Smart Scores. Notably, the bank excels in areas such as Growth and Momentum, indicating a strong trajectory for advancing its business and maintaining positive market momentum. Furthermore, with solid scores in Value, Dividend, and Resilience, IDBI Bank Ltd demonstrates stability, attractive shareholder payouts, and good financial positioning. In summary, the company appears well-equipped to thrive in the long term based on its Smart Score evaluations.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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