Mumbai, October 20 (Read): Shares of IDBI Bank Ltd surged in Monday’s trade after the lender reported a strong 74% year-on-year rise in consolidated net profit for the second quarter of FY26. The impressive performance was supported by higher income and improved asset quality.

The stock is currently trading at ₹93.96up 2.38% or ₹2.18from its previous close of ₹91.78 on the BSE. It opened at ₹93.30 and touched an intraday high of ₹95.50 and a low of ₹91.48with over 14.84 lakh shares changing hands so far.

The BSE Group ‘A’ stock, with a face value of ₹10currently commands a market capitalization of ₹1,01,051.08 crore. The scrip has recorded a 52-week high of ₹106.34 (June 30, 2025) and a 52-week low of ₹65.89 (January 13, 2025). Over the past week, it has traded between ₹95.50 and ₹91.20.

In its financial results, IDBI Bank’s standalone net profit surged 97.52% to ₹3,627.36 crore in Q2 FY26, compared to ₹1,836.45 crore in the same quarter last year. The bank’s total income grew 9.58% to ₹9,593.64 crore from ₹8,754.54 crore a year earlier.

On a consolidated basisthe bank reported a 73.56% jump in net profit to ₹3,229.58 crore for the quarter ended September 30, 2025, against ₹1,860.80 crore in the corresponding quarter of the previous fiscal. Consolidated total income rose 5.11% to ₹9,263.53 crorecompared to ₹8,812.79 crore in Q2 FY25.

The bank’s promoter holding stood at a strong 94.71%while institutional and non-institutional investors held 0.60% and 4.69%respectively.

The strong quarterly performance highlights the lender’s improving operational efficiency and profitability as it continues its turnaround journey under the strategic partnership between Life Insurance Corporation of India (LIC) and the Government of India.

Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Readhis insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.