IDBI Bank shares are likely to remain in focus on Monday, October 19, after the lender reported a 39% year-on-year decline in standalone net profit for the September quarter of FY27, largely reflecting the absence of a one-time gain recorded in the year-ago period.
Investors will assess the bank's earnings performance alongside the proposed Fairfax acquisition deal when trading resumes on Monday.
IDBI Bank stock rose 0.80%, or ₹0.67, to close at ₹84.12 on Friday. However, it remains down 18.98% year to date.
The Life Insurance Corporation of India (LIC)-controlled lender reported a net profit of ₹2,205 crore for the second quarter ended September 2026, compared with ₹3,627 crore in the corresponding period last year.
The year-ago profit included a one-time gain of ₹1,698.96 crore from the sale of the bank's strategic investment in National Securities Depository Ltd (NSDL). IDBI Bank had offered more than 2.22 crore equity shares, representing an 11.11% stake in NSDL, in its initial public offering at an issue price of ₹799.87 per share.