What’s next for IDBI Bank stock after Q2 net profit slumps 39%, massive Fairfax deal? Key factors investors should watch

What happened: IDBI Bank reported a 39% year-on-year fall in standalone net profit for the September quarter, and investors are weighing that against the approved sale of a 60.72% stake to Fairfax Financial Holdings. Key numbers: Net profit ₹2,205 crore versus ₹3,627 crore a year earlier. Total income ₹9,865 crore. Why it matters: The year-ago profit included a one-time ₹1,698.96 crore gain from the NSDL stake sale, so reported profit fell despite growth in core interest earnings. The Fairfax deal, approved on October 14, is expected to close before the end of the current financial year.

IDBI Bank reported a 39% year-on-year fall in standalone net profit for the September quarter, and investors are weighing that against the approved sale of a 60.72% stake to Fairfax Financial Holdings.

The year-ago profit included a one-time ₹1,698.96 crore gain from the NSDL stake sale, so reported profit fell despite growth in core interest earnings. The Fairfax deal, approved on October 14, is expected to close before the end of the current financial year.