IDBI Bank shares rise 13% ahead of Q2 earnings

Shares of IDBI Bank Ltd rose 13% on Wednesday amid marginal gains in the broader market. The rally in the stock comes ahead of Q2 earnings to be announced on October 17.

IDBI Bank shares increased to Rs 93.62 against the previous close of Rs 82.92. The stock was the best performer among its peers.

IDBI Bank also said its board would consider and approve the Un-audited Financial Results of the Bank for the quarter and half year ended September 30, 2026 on October 17 subject to a Limited Review by the Statutory Auditors.

The shares are up 6% in the past five days and rose 8% in the past 30 days.

 Q2 business update 

The lender recorded an 18% year-on-year increase in its total business to ?6.27 lakh crore in the second quarter of FY27, according to its latest business update.

Total deposits grew 17% from a year earlier to ?3.56 lakh crore, while net advances increased 18% to ?2.72 lakh crore, reflecting steady growth in the bank’s lending and deposit portfolios.

The latest update follows the bank’s June-quarter results announced on July 18, when it reported pressure on margins, although asset quality remained broadly stable.

The lender’s net interest income (NII), which represents its core income from lending activities, rose 10% year-on-year to ?3,486 crore in the June quarter. However, NII declined 9% sequentially, indicating pressure on core earnings compared with the preceding quarter.

Net profit increased 5% year-on-year to ?2,115 crore during the quarter. Profitability was supported by a provision write-back of ?636.89 crore, compared with provisions of ?285 crore in the previous quarter.