IDBI Bank Ltd's Q4FY18 standalone net loss widens to Rs5,662.80cr yoy : Misses Estimates

The bank’s standalone NII stood at Rs915.50cr, down 43.95% yoy and 45.03% qoq.

May 25, 2018 10:05 IST India Infoline Research Team

IDBI Bank Ltd Q4FY18

Standalone Results Q4FY18: ( cr)

Q4FY18 YoY (%)
NII 915.50 [44.0]
NPA (%) 28 670
Provisions 10,544.34 69.8
Net Loss (adjusted) 5,662.80 [77.0]
***NPA change is bps


Reco. Price


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IDBI Bank's revenue has improved by 2.7% yoy to Rs7,914cr. Its NII for the quarter came at Rs915.5cr as against Rs1,633.3cr yoy, which has declined by 43.9%. The bank reported net loss of Rs5,662.8cr, against net loss of Rs3,199.8cr reported in corresponding quarter last year. Its GNPA for Q4FY18 stood at 27.95% against 24.72% qoq, which has increased by 323bps. NNPA for the quarter came at 16.69% against 16.02% qoq, which has increased by 67bps. 

Technical View:

IDBI Bank Ltd is currently trading at Rs. 65.45, down by 1.75 points or 2.6% from its previous closing of Rs. 67.20 on the BSE.
The scrip opened at Rs. 67.90 and has touched a high and low of Rs. 68.10 and Rs. 63.85 respectively. So far 2,87,17,843 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

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