Conference Call with IndusInd Bank Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
IndusInd Bank announced Q3FY25 results Net Interest Income (NII) at Rs 5,228 crore in Q3FY25 from Rs 5,296 crore in Q3FY24. NIM at 3.93% for Q3FY25 as compared to 4.29% for Q3FY24 and 4.08% for Q2 FY25. Net Profit at Rs 1,402 crore for Q3FY25 as compared to Rs 1,331 crore in Q2 FY25. Deposits grew by 11% YoY to Rs 4,09,438 crore from Rs 3,68,793 crore, Saving Deposits grew by 6%YoY. Gross NPA and Net NPA ratios at 2.25% and 0.68% from 1.92% and 0.57% YoY respectively and PCR at 70% as at December 31, 2024. Net worth at Rs 65,102 crore in Q3FY25 as compared to Rs 58,841 crore in Q3FY24. CRAR as on December 31, 2024, at 16.46% Yield on Assets stands at 9.63% for Q3FY25, as against 9.75% for Q3FY24. Cost of Fund stands at 5.70% as against 5.46% for Q3FY24. Other income at Rs 2,355 crore for Q3FY25 as against Rs 2,396 crore for Q3FY24. Core Fee at Rs 2,123 crore as against Rs 2,165 crore for Q3FY24. Operating expenses for Q3FY25 were Rs 3,982 crore as against Rs 3,649 crore for Q3FY24, increased by 9%. Pre Provision Operating Profit (PPOP) at Rs 3,601 crore for Q3FY25 as against Q3FY24 at Rs 4,042 crore. Net Profit for Q3FY25 was Rs 1,402 crore as compared to Rs 2,301 crore during Q3FY24. ASSET QUALITY: The Gross NPA were at 2.25% of gross advances as on December 31, 2024 as against 2.11% as on September 30, 2024. Net Non-Performing Assets were 0.68% of net advances as on December 31, 2024 as compared to 0.64% as on September 30, 2024. The Provision Coverage Ratio was consistent at 70% as at December 31, 2024. Provisions and contingencies (other than tax) for Q3FY25 were Rs 1,744 crore as compared to Rs 969 crore for Q3FY24. Total loan related provisions as on December 31, 2024 were at Rs 8,792 crore (2.4% of loan book). CAPITAL ADEQUACY: The Bank’s Total Capital Adequacy Ratio as per Basel III guidelines stands at 16.46% as on December 31, 2024, as compared to 17.86 % as on December 31, 2023. Tier 1 CRAR was at 15.18% as on December 31, 2024 compared to 16.47% as on December 31, 2023. Result PDF