Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

IndusInd Bank Ltd reports Q1FY22 consolidated PAT of Rs. 1016.05 crores

Posted On: 2021-07-27 12:19:18 (Time Zone: UTC)

INDUSIND BANK LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.9362.76 crores during the period ended June 30, 2021 as compared to Rs.9199.71 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.1016.05 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.926.07 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.13.11 for the period ended June 30, 2021 as compared to Rs.12.09 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 9362.76 crs₹ 9199.71 crsUp Tick 1.77%
Net Profit₹ 1016.05 crs₹ 926.07 crsUp Tick 9.72%
EPS₹ 13.11₹ 12.09Up Tick 8.44%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.9362.76 crores during the period ended June 30, 2021 as compared to Rs.8682.17 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.1016.05 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.510.34 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.13.11 for the period ended June 30, 2021 as compared to Rs.7.36 for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 9362.76 crs₹ 8682.17 crsUp Tick 7.84%
Net Profit₹ 1016.05 crs₹ 510.34 crsUp Tick 99.09%
EPS₹ 13.11₹ 7.36Up Tick 78.12%

Balance Sheet as on June 30, 2021

Balance Sheet footage as on June 30, 2021 was Pls.3,72,996 crores as against Rs.3,17,916 crores as of June 30, 2020, a growth of 17%.

Deposits as on June 30,2021 were Rs.2,67,233 crores as against Rs.2,11,265 crores, an increase of 26% over June 30,2020. CASA deposits increased to Rs.1,12,349 crores with Current account deposits at Rs. 32,422 crores and Saving account deposits at Rs.79,927 crores. CASA deposits comprised of 42% of total deposits as of June 30,2021.

Advances as on June 30,2021 were Rs.2,10,727 crores as against Rs.1,98,069 crores in June 30, 2020.

Asset Quality

The loan book quality was stable. Gross non-performing assets were at 2.88% of gross advances as on June 30, 2021 as against 2.67% as on March 31, 2021 and 2.53 % as on June 30, 2020. Net non-performing assets were 0.84% of net advances as on June 30,2021 as compared to 0.69% on March 31, 2021 and 0.86% on June 30, 2020.

The Bank strengthened its Balance Sheet by increasing Provision Coverage Ratio to 72% in June 2021 from 67% in June 2020. Provisions and contingencies for the quarter ended June 30, 2021 were Rs.2,169 crores (comprising of provision for credit and other losses at Rs.1,844 crores and towards taxes on income at Rs.325 crores) as compared to Rs.2,417 crores (comprising of provision for credit and other losses at Rs. 2,259 crore and towards taxes on income at Rs. 158 crore) for the corresponding quarter of previous year 2020-21.

Capital Adequacy

The Bank's Total Capital Adequacy Ratio as per Basel III guidelines improved to 17.57% (including PAT at 17.89%) as on June 30,2021, as compared to 15.16% as on June 30,2020. Tier I CRAR was at 16.87% as of June 30,2021 compared to 14.49% as of June 30, 2020. Risk-weighted Assets were at Rs. 2,72,367 crores (as against Rs.2,61,722 crores as at June 30, 2020).


As of June 30, 2021, the Bank's distribution network included 2,015 branches and banking outlets and 2,870 onsite and offsite ATMS across 760 geographic locations, as against l,9l I branches and banking outlets and 2,721 onsite and offsite ATMs across 751 geographic locations as of June 30, 2020. The extended Network of the Bank includes branches of BFIL and outlets of IMFS. The number of employees were at 30,024 as of June 30,2021 as against 30,331 as of June 30, 2020. The client base stood at 29 million as on June 30,2021.

Commenting on the performance, Mr. Sumant Kathpalia, Managing Director & CEO, IndusInd Bank said: "The first quarter of this financial year witnessed spread and subsequent containment of covid second wave across the country. The economy once again showed resilience with higher activity levels compared to the first wave, supported by effective fiscal and monetary support. IndusInd Bank also responded well to the changing situation with smooth client servicing. The Bank conducted nationwide vaccination drives to inoculate our employee base. The Bank witnessed strong growth in its deposit base (up 26% YoY) driven by CASA (up 33% yoy). The Bank was cautious in the loan growth (up 6%) given the challenging operating environment. Our Pre-Provision Operating Profits was strong at Rs 3,185 crores. The Bank has followed conservative provisioning approach with Net NPA of 0.84% and a surplus provision of Rs 2,050 crores outside this for contingencies if any. We expect the economic recovery to gain traction as the second wave recedes coupled with the ongoing vaccination drive. The Bank is well positioned to cautiously participate in the economic recovery."

Shares of INDUSIND BANK LTD. was last trading in BSE at Rs. 975.65 as compared to the previous close of Rs. 981.3. The total number of shares traded during the day was 277831 in over 7418 trades.

The stock hit an intraday high of Rs. 994 and intraday low of 963.35. The net turnover during the day was Rs. 272020435.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

MTAR Technologies Ltd receives NADCAP certification for 100% EOU unit

RattanIndia Enterprises launches drones business in wholly owned subsidiary NeoSky India Limited

Hero MotoCorp recognized by Guinness World Record

Surya Roshni Ltd receives order of Rs. 41.22 crore

Narbada Gems and Jewellery Ltd approves renewal of working capital facilities

Gyscoal Alloys Ltd updates on rights issue

Archit Organosys Ltd to expand capacity by 6000 MT per annum

Rajnish Wellness Ltd announces Dava Discount Business Model

KEC International wins New Orders of Rs. 1,157 crores

Torrent Power acquires 156 MW Wind Power Plants from CESC Limited

Rajratan Global Wire Limited receives investment promotion assistance of Rs. 2.82 crore

TCS Recognized as a Leader in ACES Automotive Engineering Services by Everest Group

Deep Energy Resources Ltd arm selected as CBM developer for Jharia CBM Block-I

Infosys Collaborates with ServiceNow to Provide Enterprise-Level Service Management for Manufacturing Customers

₹ 200 Crore Base Issue Size of Public Issue of NCDs by Indiabulls Housing Finance Limited Oversubscribed 4.04x Times

Steel Strips Wheels Limited receives approval for resolution plan for AMW Autocomponent Ltd

KIOCL Ltd shuts down pellet plant

Garware Hi-Tech Films Ltd Bags Silver at India Green Manufacturing Challenge Award 2020-21

HCL Technologies and Lendico, an ING Germany Company, Join Forces in Building Solutions for SMEs

Happiest Minds wins two awards at Asiamoney Asia's Outstanding Companies Poll 2021

Chalet Hotels Ltd. becomes first hospitality company globally to join Climate Group's RE100, EP100 and EV100 initiatives

Atishay Limited appointed partner for Providing Door to Door Public Service Delivery to the Citizens

Lincoln Pharmaceuticals Ltd acquires a plant in Mehsana, Gujarat, plans to launch Cephalosporin products soon

Tata Motors to increase prices of its commercial vehicles from 1st October 2021

Cyient Joins TM Forum to collaborate with global CSPs to drive digital transformation in the Communications industry

BLS International selected as National Business Correspondent for India's largest bank, State Bank of India

Clean Science and Technology Ltd to acquire immovable property for Rs. 32.01 crores

Godrej Industries Ltd to issue NCDs for Rs. 750 crore

HDFC announces festive home loan offer with rates at 6.70%

Fineotex Products now ECO PASSPORT certified by OEKO-TEX®, audit conducted by Hohenstein, Germany

L&T Hydrocarbon Engineering bags significant orders from GAIL, Air Products Middle East Industrial Gases LLC

Hon'ble High Court of Delhi passes an order in favour of EaseMyTrip regarding unsolicited messages

Sterling and Wilson Solar Limited commissions 66 MWp solar energy project in Jordan

RattanIndia Enterprises appoints Mr. Peeyush Kumar as Head for their Drone business

Glenmark Pharmaceuticals receives ANDA approval for Clindamycin Phosphate Foam, 1%

PDS Multinational Fashions Limited appoints Raamann Ahuja as Group Chief Human Resources Officer

Mr. Sumit Kumar Shaw resigns from Websol Energy System Ltd

K P Energy Ltd receives LOI aggregating Rs. 119.73 crores

Gensol Engineering Ltd acquires 51.68% stake in Solarig Gensol Utilities Pvt Ltd

Action Construction Equipment Ltd fixes floor price for QIP as Rs. 254.55

HCL Technologies to Drive Digital Speed, Transformation for MKS Instruments

Choice International Ltd secures IRDAI nod for stake acquisition

SoftSol India Limited to consider loan of $5 mn to subsidiary

Firstsource awarded IIP 'We invest in people' Gold accreditation for the second time in a row

TCS' Quartz™ Named a Leading Crypto Player in Transaction Banking and Payments by Celent

Ind-Ra revises outlook on IVP Limited

Apollo Tricoat Tubes Ltd board allots 3,04,00,000 bonus equity shares

Indian Sucrose Ltd board approves expansion projects

R & B Denims Limited to participate in Cairo Fashion & Tex Fair, 2021

Zydus Healthcare Limited to sell two brands Mifegest and Cytolog

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020