Indian Bank shares soared over 10% following the announcement of its Q2 FY25 results, which showcased significant improvements in asset quality and profitability. The bank’s Gross Non-Performing Assets (GNPA) declined to 3.48% from 3.77% in the previous quarter, while its Net NPA reduced to 0.27%, down from 0.39%, reflecting strengthened asset management and recovery efforts.
Quarter-over-Quarter (QoQ) Highlights:
- Gross NPA (GNPA): Improved to 3.48%, down from 3.77% in Q1 FY25.
- Net NPA: Reduced to 0.27%, compared to 0.39% in the previous quarter.
Year-over-Year (YoY) Highlights:
- Net Profit: The bank reported a net profit of ₹2,706.44 crore, marking a 36% increase from ₹1,987.76 crore in Q2 FY24.
- Interest Earned: ₹15,347.58 crore, highlighting continued business growth.
Indian Bank’s consistent focus on improving asset quality and strong credit risk management has bolstered its financial stability and profitability. The results have spurred a positive response from investors, driving the stock price higher.
