Indian Bank has reported its Q2 FY25 financial results, showcasing strong growth in key metrics. The Net Interest Income (NII), calculated as interest earned minus interest expended, stood at ₹6,194.22 crore for the quarter ended September 30, 2024, marking a 24% increase year-over-year (YoY).
Year-over-Year (YoY) Comparison:
- Net Interest Income (NII): ₹6,194.22 crore, reflecting a 24% growth YoY.
- Net Profit: The net profit surged by 36% YoY to ₹2,706.44 crore compared to ₹1,987.76 crore in Q2 FY24.
Quarter-over-Quarter (QoQ) Highlights:
The bank’s sequential performance also displayed growth across several categories, underpinned by a steady increase in advances and efficient cost management.
These results reflect Indian Bank’s steady growth trajectory and resilience in a competitive market, with a strong response from investors following the Q2 FY25 results announcement.
[Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Please consult your financial advisor before making any investment decisions.]
