IDBI BANK LIMITED INVESTORS
PRESENTATION
FINANCIAL RESULTS
Q4 - FY 2023-24
May 04, 2024
Page 1
Disclaimer
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Previous year figures have been regrouped / restated wherever applicable.
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Certain figures reported will not add-up due to rounding.
Page 2
Content
01 | Highlights |
02 | Financial Performance |
03 | Business Performance |
04 | Treasury Operations |
09 |
05 | Asset Quality |
06 Capital
07 | Digital | Banking | and |
Financial Inclusion | |||
08 Subsidiaries
Way Forward
Page 3
Highlights
Page 4
Major Highlights for Q4 FY 2024 - Sustained Strong Performance
PAT - Rs.1628 crore
PBT - Rs.2061 crore
Operating Profit -
Rs.2175 crore
ROA - 1.82%
ROE - 20.55%
NII - Rs.3688 crore
NIM - 4.91%
[Core NIM - 3.84%]
Core NIM = NIM excluding interest on IT refund and interest income from NPA & TWO accounts
Total RWA - Rs.176531 crore
Total CRAR - 22.26%
Tier 1 Capital - 20.11%
Yield on advances - 10.82%
Cost of deposit - 4.48%
Cost of funds - 4.74%.
Net Adv. - Rs.188621 crore
Deposit - Rs.277657 crore
CASA ratio - 50.43%
Net NPA - 0.34%
GNPA - 4.53%
PCR - 99.09%
Page 5
Key Metrics for Q4 FY 2024
Profitability - Strong operating momentum
- PAT at Rs.1628 crore, up by 44% YoY and 12% QoQ
- PBT at Rs.2061 crore, up by 43% YoY and 3% QoQ
- Operating Profit at Rs.2175 crore
- NII at Rs.3688 crore, grew by 12% YoY and 7% QoQ
- NIM at 4.91%
- ROA at 1.82% , up by 39 bps YoY and 12 bps QoQ
- ROE at 20.55% up by 223 bps YoY and 98 bps QoQ
Business Performance - Focus on Granularity
- Total Deposits at Rs.277657 crore grew by 9% YoY. CASA ratio at 50.43%. CASA at Rs.140027 crore
- Net Advances at Rs.188621 crore grew by 16% YoY and 8% QoQ
- Retail Net Advances at Rs.133145 crore and grew by 17% YoY. SRA at Rs.83882 crore grew by 11% YoY
- Retail Corporate Ratio (Gross Advances) stood at 70:30 against 69:31 as on March 2023
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Key Metrics for Q4 FY 2024 (contd.)
Asset Quality - Improving Trend
- Net NPA at 0.34%, reduction of 58 bps YoY
- GNPA at 4.53%, reduction of 185 bps YoY and 16 bps QoQ
- PCR stood at 99.09%, improved by 115 bps YoY
- SMA to standard advance stood at 1.77% against 2.15% as on March 2023
Capital - Adequately Capitalised
- Tier 1 Capital at 20.11%, up by 203 bps YoY and 207 bps QoQ
- Total CRAR at 22.26%, up by 182 bps YoY and 194 bps QoQ
- Total RWA stood at Rs.176531 crore
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Financial Performance
Page 8
Profit & Loss
(Rs.Crore)
Particulars
Quarter ended | Variance | FY Ended | |||||
Mar-23 | Dec-23 | Mar-24 | YoY% | QoQ% | Mar-23 | Mar-24 | |
Variance%
Interest Income | 5726 | 6541 | 6990 | 22 | 7 | 20570 | 26426 | 28 |
Interest Expenses | 2446 | 3106 | 3302 | 35 | 6 | 9139 | 12240 | 34 |
Net Interest Income | 3280 | 3435 | 3688 | 12 | 7 | 11431 | 14186 | 24 |
Other Income | 1288 | 973 | 896 | (30) | (8) | 4372 | 3611 | (17) |
Net Total Income | 4568 | 4408 | 4584 | - | 4 | 15803 | 17797 | 13 |
Operating Expenses | 2143 | 2081 | 2409 | 12 | 16 | 7067 | 8205 | 16 |
-Employee Cost | 1221 | 1093 | 1306 | 7 | 19 | 3533 | 4254 | 20 |
-Other Operating Cost | 922 | 988 | 1103 | 20 | 12 | 3534 | 3951 | 12 |
Operating Profit | 2425 | 2327 | 2175 | (10) | (7) | 8736 | 9592 | 10 |
Provisions & Contingencies (Excl. Tax) | 984 | 320 | 114 | (88) | (64) | 3498 | 1397 | (60) |
Profit/(Loss) Before Tax | 1441 | 2007 | 2061 | 43 | 3 | 5238 | 8195 | 56 |
Tax | 308 | 549 | 433 | 41 | (21) | 1593 | 2561 | 61 |
Profit/(Loss) After Tax | 1133 | 1458 | 1628 | 44 | 12 | 3645 | 5634 | 55 |
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Net Interest Income
(Rs.Crore)
Particulars
Interest Income
Quarter ended | Variance | FY Ended | |||||
Mar-23 | Dec-23 | Mar-24 | YoY% | QoQ% | Mar-23 | Mar-24 | |
Variance%
Interest on Advances | 3842 | 4328 | 4762 | 24 | 10 | 13337 | 17971 | 35 |
Interest on Investments | 1610 | 2005 | 2068 | 28 | 3 | 5949 | 7737 | 30 |
Interest balances with RBI & Other Inter Bank Funds | 179 | 44 | 85 | (52) | 94 | 518 | 340 | (34) |
Other Interest Income | 95 | 164 | 75 | (21) | (54) | 766 | 378 | (51) |
Interest Income | 5726 | 6541 | 6990 | 22 | 7 | 20570 | 26426 | 28 |
Interest Expense | ||||||||
Interest paid on Deposits | 2139 | 2708 | 2875 | 34 | 6 | 7829 | 10601 | 35 |
Interest on RBI / inter bank borrowings | 129 | 216 | 243 | 89 | 13 | 438 | 906 | 107 |
Interest paid on Borrowings | 178 | 182 | 184 | 3 | - | 872 | 733 | (16) |
Total Interest Expenses | 2446 | 3106 | 3302 | 35 | 6 | 9139 | 12240 | 34 |
Net Interest Income | 3280 | 3435 | 3688 | 12 | 7 | 11431 | 14186 | 24 |
NIM % | 5.01 | 4.72 | 4.91 | (10) bps | 19 bps | 4.52 | 4.93 | 41 bps |
Core NIM % | 4.14 | 3.91 | 3.84 | (30) bps | (7) bps | 3.72 | 3.90 | 18 bps |
Core NIM = NIM excluding interest on IT refund and interest income from NPA & TWO accounts Page 10
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Disclaimer
IDBI Bank Limited published this content on 04 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2024 03:56:06 UTC.
