Shares of IDBI Bank sank ~10% in early trade today.
The bank posted its Q1FY20 earnings on Wednesday, August 14, 2019.
Its consolidated net loss widened to Rs3,821cr vs. net loss of Rs2,383cr in the year-ago quarter.
The total net interest income came in at Rs1,466cr. Income mainly declined in the corporate/wholesale segment.
Net Interest Margin was at 2.13% for Q1-2020 as compared to 2.17% for Q1-2019.
Gross NPA ratio improved to 29.12% as on June 30, 2019 as against 30.78% as on June 30, 2018.
Net NPA ratio improved to 8.02% as on June 30, 2019 as against 18.76% as on June 30, 2018 and 10.11% as on March 31, 2019.
Provision Coverage Ratio (PCR-including Technical Write-Offs) improved to 87.79% as on June 30, 2019 from 64.45% as on June 30, 2018.
IDBI Bank Ltd is currently trading at Rs24.45 down by Rs2.7 or 9.94% from its previous closing of Rs27.15 on the BSE.
The scrip opened at Rs25.30 and has touched a high and low of Rs25.30 and Rs23.80 respectively. So far 87,18,086 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs21,004.04cr.
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