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IDBI Bank trades jubilantly on turning black in Q4

  • bitnet infotech
  • June 2, 2020
  • 8:43 am

IDBI Bank is currently trading at Rs. 27.40, up by 3.05 points or 12.53% from its previous closing of Rs. 24.35 on the BSE.

The scrip opened at Rs. 25.90 and has touched a high and low of Rs. 27.65 and Rs. 25.75 respectively. So far 1079760 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 40.90 on 25-Nov-2019 and a 52 week low of Rs. 17.50 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 27.65 and Rs. 19.40 respectively. The current market cap of the company is Rs. 28442.83 crore.

The promoters holding in the company stood at 98.11%, while Institutions and Non-Institutions held 0.17% and 1.73% respectively.

IDBI Bank has reported net profit at Rs 135.39 crore for the quarter ended March 31, 2020 as compared to net loss of Rs 4918.44 crore for the same quarter in the previous year. Total income of the bank increased by 4.67% at Rs 6924.94 crore for Q4FY20 as compared Rs 6616.06 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported net profit of Rs 165.69 crore for the quarter ended March 31, 2020 as compared to net loss of Rs 4884.18 crore for the same quarter in the previous year. Total income of the bank increased by 4.39% at Rs 7010.74 crore for Q4FY20 as compared Rs 6716.02 crore for the corresponding quarter previous year.

For the year ended March 31, 2020, the bank has reported net loss of Rs 12887.34 crore as compared to net loss of Rs 15116.30 crore for the previous year. Total income of the bank decreased by 0.30% at Rs 25295.47 crore for year under review as compared to Rs 25371.53 crore for year ended March 31, 2019.

For the year ended March 31, 2020, on the consolidated basis, the bank has reported net loss of Rs 12847.40 crore as compared to net loss of Rs 15012.97 crore for the previous year. Total income of the bank decreased by 0.59% at Rs 25485.45 crore for year under review as compared to Rs 25637.43 crore for year ended March 31, 2019.

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