IndusInd Bank Ltd. share price target

IndusInd Bank has posted strong 72% growth in the net profit to Rs 1113.53 crore for the quarter ended September 2021 (Q2FY2022). The bank has improved asset quality remained healthy, while also posted 1 bp sequential improvement in the net interest margins (NIM) to 4.07% in Q2FY2022. The non-interest income growth of the bank was strong, which is mainly...

IndusInd's asset quality remain stable as GNPA declined to 2.77% vs 2.88% QoQ led by higher upgrades and recoveries. However, Restructured book increased to 3.6% vs 2.7% QoQ which comprises of 50% Vehicle, 15% non-vehicle and rest from corporate book. Bank reported collection efficiency at 98% for Sept month vs 96% for June month. Deposit reported growth of 21% YoY; advances growth improved to 10% YoY vs 6%YoY (Q1FY22). Management guided for credit growth of 16-18% CAGR in next 2 years which is the key monitorable along with CV cycle uptick expected in H2FY22. NII grew by 12% YoY (up 3% QoQ) while NIMs remain flat QoQ. Non-interest income grew by 18% YoY...

IndusInd Bank, which is one of our top picks in the banking space, reported robust numbers during the quarter.

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IndusInd Bank has 1,910 branches, and 2,700 plus ATMs spread across geographic locations

For Q1FY22 standalone, NII income reached Rs. 3,564cr (7.7% YoY, 0.8% QoQ) with NIM of 4.06% (-22bps YoY, -7bps QoQ). CASA ratio reached 42.0% (vs 41.7% in Q4FY21). Loan book stood at Rs. 210,727cr (-0.8% QoQ), Deposits grew to Rs. 267,233cr (4.3% QoQ)....

The segment wise gross NPA ratio for commercial vehicle should at 2.93%, utility 1.4%, construction equipment 1.47%, small commercial vehicles 7.62%, two wheelers 9.78%, cars 1.2%, tractors 1.28%, LAP 3.34%, home loans personal loans and others 2.75%,...

Ammunition ready for growth!

IndusInd's asset quality remain stable as GNPA slightly inched up to 2.88% vs 2.67% QoQ (2.53% YoY) led by lower slippages; slippage ratio (annualized) stood at 5.2% vs 7.2% QoQ. Restructured book increased to 2.7% vs 2% QoQ which comprises of 55% Vehicle, 14% non-vehicle and rest from corporate book. Bank reported collection efficiency at 96% for June month; however due to lockdown in specific states it was lower in April and May month. Deposit reported strong growth of 26% YoY; advances growth improved to 6% YoY vs 3%YoY (FY21). Management guided for credit growth of 16-18% CAGR in next 2 years which is the key monitorable along with CV cycle uptick expected in H2FY22. NII grew by 8% YoY (up 1% QoQ) while NIMs declined QoQ. Non-interest income...

Indusind bank has reported a good set of numbers and the positives are 1) Reported slippages (28bn v/s 38bn) inched down from the previous quarter; retail slippages contributed 85% of total slippages 2) Built ample provision buffer; 150bps of net advances 3) Coming back to growth...