Indian Bank shares rallied 5% after the bank reported a stellar financial performance in Q3 FY25. As of 1:46 PM, the shares were trading 4.95% higher at Rs 539.60.
The bank’s net profit jumped 35% YoY to ₹2,852 crore, up from ₹2,119 crore in Q3 FY24, driven by higher net interest income (NII), improved asset quality, and lower provisioning costs.
The bank’s NII surged 33.2% YoY to ₹6,415 crore, supported by strong loan growth and better interest spreads. Total income rose 11.3% YoY to ₹18,167.54 crore, compared to ₹16,315.35 crore in the year-ago period.
Indian Bank also showed notable asset quality improvement. The gross non-performing assets (GNPA) ratio declined to 3.26%, while the net NPA ratio improved to 0.21%, reflecting better credit quality and recovery efficiency.
Indian Bank shares opened at ₹518.00, hitting a high of ₹551.20 and a low of ₹510.55 during the session. The stock’s 52-week high stands at ₹632.70, while its 52-week low is ₹455.5.
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