Stock Report

Indian Bank reports consolidated PAT of Rs. 1096.57 crore

Posted On : 2021-10-28 15:40:41( TIMEZONE : IST )

Indian Bank has reported Consolidated financial results for the period ended September 30, 2021.

Financial Results (Q2 FY2022) - QoQ Comparison

The company has reported total income of Rs. 11513.6954 crores during the period ended September 30, 2021 as compared to Rs. 11552.6014 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs. 1096.5741 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs. 1195.8165 crores for the period ended June 30, 2021.

The company has reported EPS of Rs. 9.04 for the period ended September 30, 2021 as compared to Rs. 11.08 for the period ended June 30, 2021.

Financials	Q2 FY2022	Q1 FY2022	% Change
Total Income	₹ 11513.6954 crs	₹11552.6014 crs	-0.34%
Net Profit	₹1096.5741 crs	₹1195.8165 crs	-8.30%
EPS	₹9.04	₹11.08	-18.41%

Financial Results (Q2 FY2022) - YoY Comparison

The company has reported total income of Rs. 11513.6954 crores during the period ended September 30, 2021 as compared to Rs.11743.3701 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.1096.5741 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs.424.1471 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.9.04 for the period ended September 30, 2021 as compared to Rs.4.05 for the period ended September 30, 2020.

Financials	Q2 FY2022	Q2 FY2021	% Change
Total Income	₹ 11513.6954 crs	₹11743.3701 crs	-1.96%
Net Profit	₹1096.5741 crs	₹424.1471 crs	158.54%
EPS	₹9.04	₹4.05	123.21%

Financial Results (Half Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.23066.2968 crores during the 6 Months period ended September 30, 2021 as compared to Rs.23339.8548 crores during the 6 Months period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.2292.3906 crores for the 6 Months period ended September 30, 2021 as against net profit / (loss) of Rs.888.8642 crores for the 6 Months period ended September 30, 2020.

The company has reported EPS of Rs.20.02 for the 6 Months period ended September 30, 2021 as compared to Rs.7.87 for the 6 Months period ended September 30, 2020.

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹23066.2968 crs	₹23339.8548 crs	-1.17%
Net Profit	₹2292.3906 crs	₹888.8642 crs	157.90%
EPS	₹20.02	₹7.87	154.38%

Asset Quality:

Asset Quality	Q2 FY2022	Q1 FY2022	Q2 FY2021
Gross NPA	₹ 36910.5351 crs	₹37783.3143 crs	₹36223.1314 crs
Gross NPA %	9.57%	9.70%	9.90%
Net NPA	₹11749.1664 crs	₹12652.8728 crs	₹10052.2197 crs
Net NPA %	3.26%	3.47%	2.96%

Gross NPA was at ₹ 36910.5351 crs in Q2 FY2022 against ₹ 36223.1314 crs in Q2 FY2021. The same was at ₹ 37783.3143 crs in Q1 FY2022.

Net NPA was at ₹ 11749.1664 crs in Q2 FY2022 against ₹ 10052.2197 crs in Q2 FY2021. The same was at ₹ 12652.8728 crs in Q1 FY2022.

GNPA was at 9.57% of Gross advances as on September 30, 2021 as compared to 9.90% as on September 30, 2020 and 9.70% as of June 30, 2021.

Net NPA was at 3.26% of Gross advances as on September 30, 2021 as compared to 2.96% as on September 30, 2020 and 3.47% as of June 30, 2021.

Ratios	Q2 FY2022	Q1 FY2022	Q2 FY2021
RoA %	0.71%	0.81%	0.31%
CAR (BASEL III) %	16.14%	16.17%	14.22%

Return on Average Assets (RoA) is at 0.71% for Q2 FY2022 against 0.81% in Q1 FY2022 and 0.31% in Q2 FY2021.

In Q2 FY2022, Bank's total Capital Adequacy Ratio (CAR) was at 16.14%, as compared to 16.17% in Q1 FY2022 and 14.22% in Q2 FY2021.

Shares of Indian Bank was last trading in BSE at Rs. 190.00 as compared to the previous close of Rs. 185.80. The total number of shares traded during the day was 356044 in over 3882 trades.

The stock hit an intraday high of Rs. 192.75 and intraday low of 184.50. The net turnover during the day was Rs. 67392163.00.