IndusInd Bank reported its Q3FY25 financial results, highlighting a net profit of ₹1,402 crore, reflecting a 39% decline year-on-year, attributed to a rise in operating costs and provisions. However, sequentially, the net profit saw a 5% growth. The bank’s robust loan growth and asset quality improvement provided stability amid cost pressures.
Key Q3FY25 Financial Highlights:
- Loans: ₹3,66,889 crore (up 12% YoY, 3% QoQ)
- Deposits: ₹4,09,438 crore (up 11% YoY, down 1% QoQ)
- Total assets: ₹5,49,499 crore (up 12% YoY, 1% QoQ)
- Net interest income: ₹5,228 crore (down 1% YoY, 2% QoQ)
- Total income: ₹7,583 crore (down 1% YoY, 1% QoQ)
- Operating profit: ₹3,601 crore (down 11% YoY)
Key Ratios:
- Net interest margin (NIM): 3.93%, down 36 bps YoY
- Return on assets (ROA): 1.03% (down 90 bps YoY)
- Return on equity (ROE): 8.45% (down 700 bps YoY)
- Cost-to-income ratio: 52.52% (up 508 bps YoY)
- Net NPA: 0.68% (improved 11 bps YoY, 4 bps QoQ)
Operational Insights:
- The bank witnessed strong loan disbursements driven by demand across key sectors.
- CASA (current account savings account) deposits stood at ₹1,42,818 crore, up 1% YoY, though down 3% sequentially.
- The bank’s cost-to-income ratio saw an increase, reflecting higher operational expenses.
Despite the YoY drop in profitability, the management expressed optimism regarding future performance, focusing on cost control and sustained loan growth.
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