Stock Report

IndusInd Bank reports higher consolidated net profit of Rs. 1631.14 crores in Q1FY23



Posted On : 2022-07-20 18:01:16( TIMEZONE : IST )

IndusInd Bank reports higher consolidated net profit of Rs. 1631.14 crores in Q1FY23

IndusInd Bank Limited has reported Consolidated financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 10113.29 crores during the period ended June 30, 2022 as compared to Rs. 9763.01 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 1631.14 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 1400.64 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 21.03 for the period ended June 30, 2022 as compared to Rs. 18.06 for the period ended March 31, 2022.

Financials Q1 FY2023 Q4 FY2022 % Change
Total Income ₹ 10113.29 crs ₹9763.01 crs Up Tick / Down Tick3.59%
Net Profit ₹1631.14 crs ₹1400.64 crs Up Tick / Down Tick16.46%
EPS ₹21.03 ₹18.06 Up Tick / Down Tick16.45%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 10113.29 crores during the period ended June 30, 2022 as compared to Rs.9298.07 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.1631.14 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.1016.11 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.21.03 for the period ended June 30, 2022 as compared to Rs.13.11 for the period ended June 30, 2021.

Financials Q1 FY2023 Q1 FY2022 % Change
Total Income ₹ 10113.29 crs ₹9298.07 crs Up Tick / Down Tick8.77%
Net Profit ₹1631.14 crs ₹1016.11 crs Up Tick / Down Tick60.53%
EPS ₹21.03 ₹13.11 Up Tick / Down Tick60.41%

Asset Quality:

Asset Quality Q1 FY2023 Q4 FY2022 Q1 FY2022
Gross NPA ₹ 5932.90 crs ₹5517.15 crs ₹6185.76 crs
Gross NPA % 2.35% 2.27% 2.88%
Net NPA ₹1661.21 crs ₹1529.83 crs ₹1759.59 crs
Net NPA % 0.67% 0.64% 0.84%


Gross NPA was at ₹ 5932.90 crs in Q1 FY2023 against ₹ 6185.76 crs in Q1 FY2022. The same was at ₹ 5517.15 crs in Q4 FY2022.

Net NPA was at ₹ 1661.21 crs in Q1 FY2023 against ₹ 1759.59 crs in Q1 FY2022. The same was at ₹ 1529.83 crs in Q4 FY2022.

GNPA was at 2.35% of Gross advances as on June 30, 2022 as compared to 2.88% as on June 30, 2021 and 2.27% as of March 31, 2022.

Net NPA was at 0.67% of Gross advances as on June 30, 2022 as compared to 0.84% as on June 30, 2021 and 0.64% as of March 31, 2022.

Ratios Q1 FY2023 Q4 FY2022 Q1 FY2022
RoA % 1.73% 1.51% 1.17%
CAR (BASEL III) % 18.14% 18.42% 17.57%


Return on Average Assets (RoA) is at 1.73% for Q1 FY2023 against 1.51% in Q4 FY2022 and 1.17% in Q1 FY2022.

In Q1 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at 18.14%, as compared to 18.42% in Q4 FY2022 and 17.57% in Q1 FY2022.

Shares of IndusInd Bank Limited was last trading in BSE at Rs. 878.90 as compared to the previous close of Rs. 868.50. The total number of shares traded during the day was 203476 in over 6426 trades.

The stock hit an intraday high of Rs. 897.00 and intraday low of 873.00. The net turnover during the day was Rs. 179746245.00.

Source : Equity Bulls

Keywords

IndusIndBank Q1FY23 ResultUpdate