IndusInd Bank shares will be in focus on Thursday after the lender reported a consolidated net loss of Rs 2,329 crore in Q4 FY25, compared to a net profit of Rs 2,349 crore in the same period last year. The loss was attributed to its derivatives segment.
Net interest income (NII) declined 43% year-on-year (YoY) to Rs 3,048 crore from Rs 5,376 crore in Q4 FY24. Total interest income fell 13% YoY to Rs 10,634 crore from Rs 12,199 crore.
Net interest margin (NIM) for the quarter stood at 2.25%, down 201 basis points (bps) YoY and 168 bps quarter-on-quarter (QoQ).
On a standalone basis, the bank reported a net loss of Rs 2,236 crore in Q4 FY25 versus a profit of Rs 2,346 crore in the year-ago period.
"The Bank has appropriately accounted for and reflected the impact of all discrepancies identified in these reports while finalising the financial results for the quarter/ twelve months ended March 31, 2025," the lender said in a separate filing to the exchanges.
"Whilst the Bank has reported a loss for Q4 due to these extraordinary developments, the bank has been profitable for the full year FY25 with Profit After Tax of Rs 2,575 crores," the filing said.
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Its net worth stood at Rs 62,532 crore in Q4FY25 as compared to Rs 61,445 crores in Q4FY24.
The bank has claimed that its balance sheet remains healthy after absorbing all the impacts of discrepancies with a Capital Adequacy Ratio (CAR) of 16.24%, Provision Coverage Ratio (PCR) of 70% and average LCR of 118% with excess liquidity of Rs 39,600 crores. "The liquidity remains comfortable in current quarter as well with average LCR of 139% in the first half of the quarter," the filing said.
The interest expended by IndusInd Bank in the January-March quarter stood at Rs 7,586 crore, which was up from Rs 6,822 crore reported in the year ago period, recording an 11% jump.
The deposits stood at Rs 4,10,862 crore as on March 31, 2025 as against Rs 3,84,586 crores, an increase of 6.83% over March 31, 2024. The CASA deposits stood at Rs 1,34,789 crores with Current Account deposits at Rs 40,764 crores and Savings Account deposits at Rs 94,025 crores. CASA deposits comprised 32.8% of total deposits as at March 31, 2025.
Retail deposits as per LCR stand at Rs 1,85,180 crore as at March 31, 2025 against Rs 1,69,441 crore as on March 31, 2024, up by 9% YoY.
Advances as of March 31, 2025, were Rs 3,45,019 crore as against Rs 3,43,298 crores, an increase of 1% over March 31, 2024.
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Asset Quality
The Gross NPA were at 3.13% of gross advances as on March 31, 2025 as against 2.25% as on December 31, 2024. Net Non-Performing Assets were 0.95% of net advances as on March 31, 2025 as compared to 0.68% as on December 31, 2024.
IndusInd Bank share price target
According to Trendlyne, IndusInd Bank has an average target price of Rs 928, implying a 20% upside from current levels. The stock carries a ‘Hold’ rating based on recommendations from 40 analysts.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Net interest income (NII) declined 43% year-on-year (YoY) to Rs 3,048 crore from Rs 5,376 crore in Q4 FY24. Total interest income fell 13% YoY to Rs 10,634 crore from Rs 12,199 crore.
Net interest margin (NIM) for the quarter stood at 2.25%, down 201 basis points (bps) YoY and 168 bps quarter-on-quarter (QoQ).
On a standalone basis, the bank reported a net loss of Rs 2,236 crore in Q4 FY25 versus a profit of Rs 2,346 crore in the year-ago period.
"The Bank has appropriately accounted for and reflected the impact of all discrepancies identified in these reports while finalising the financial results for the quarter/ twelve months ended March 31, 2025," the lender said in a separate filing to the exchanges.
"Whilst the Bank has reported a loss for Q4 due to these extraordinary developments, the bank has been profitable for the full year FY25 with Profit After Tax of Rs 2,575 crores," the filing said.
Also Read: RIL, SBI among 10 stocks with more than 32 buy calls
Its net worth stood at Rs 62,532 crore in Q4FY25 as compared to Rs 61,445 crores in Q4FY24.
The bank has claimed that its balance sheet remains healthy after absorbing all the impacts of discrepancies with a Capital Adequacy Ratio (CAR) of 16.24%, Provision Coverage Ratio (PCR) of 70% and average LCR of 118% with excess liquidity of Rs 39,600 crores. "The liquidity remains comfortable in current quarter as well with average LCR of 139% in the first half of the quarter," the filing said.
The interest expended by IndusInd Bank in the January-March quarter stood at Rs 7,586 crore, which was up from Rs 6,822 crore reported in the year ago period, recording an 11% jump.
The deposits stood at Rs 4,10,862 crore as on March 31, 2025 as against Rs 3,84,586 crores, an increase of 6.83% over March 31, 2024. The CASA deposits stood at Rs 1,34,789 crores with Current Account deposits at Rs 40,764 crores and Savings Account deposits at Rs 94,025 crores. CASA deposits comprised 32.8% of total deposits as at March 31, 2025.
Retail deposits as per LCR stand at Rs 1,85,180 crore as at March 31, 2025 against Rs 1,69,441 crore as on March 31, 2024, up by 9% YoY.
Advances as of March 31, 2025, were Rs 3,45,019 crore as against Rs 3,43,298 crores, an increase of 1% over March 31, 2024.
Also Read: KEC International, PVR INOX among 10 smallcap stocks analysts expect to gain up to 80%
Asset Quality
The Gross NPA were at 3.13% of gross advances as on March 31, 2025 as against 2.25% as on December 31, 2024. Net Non-Performing Assets were 0.95% of net advances as on March 31, 2025 as compared to 0.68% as on December 31, 2024.
IndusInd Bank share price target
According to Trendlyne, IndusInd Bank has an average target price of Rs 928, implying a 20% upside from current levels. The stock carries a ‘Hold’ rating based on recommendations from 40 analysts.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
