IndusInd Bank Ltd.

NSE: INDUSINDBK | BSE: 532187 | ISIN: INE095A01012 | Industry: Banks
| Risky Value

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IndusInd Bank Ltd.
10 Oct 2019
712.75
-3.78%
Motilal Oswal
10 October 2019 despite higher provisions of INR7.4b and mark down of DTAs. NII stood at INR29.1b (8% miss led by slower loan growth), while the margin improved 5bp QoQ to 4.1%. PPoP grew 32% YoY to INR26.2b (3% miss), while PBT increased 34.5% YoY to INR18.8b (6% miss). For 1HFY20, IIB reported PPoP/PAT grew by 34%/45% YoY to INR52.1b/INR28.3b. Other income grew 31% YoY to INR17.3b (in line), while core fees increased 21% YoY led by growth in loan processing fees and FX income. Loan growth moderated to 21% YoY led by slowdown in both corporate and consumer portfolios.
IndusInd Bank Ltd. has an average target of 811.00 from 11 brokers.
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