IndusInd Bank - Q4FY12 result first cut - Microsec Research

IndusInd Bank Ltd has announced its Q4FY12 along with Annual FY12 result on 19th April 2012.

On the quarterly basis, the bank's top line increased by 8.72% QoQ and 32.82% YoY to INR756.45 crore, while bottom line increased by 8.46% QoQ and 30.19% YoY to INR223.38 crore mainly, because of 19.73% and 60.79% YoY growth in Net Interest Income and total income respectively.

For the whole year in FY12, the total income of the bank increased by 29.94% YoY to INR2716.03 crore whereas, Profit After Tax (PAT) increased by 39.02% YoY to INR802.61 crore. The bank's total advance grew by 8.14% QoQ and 34.01% YoY to INR35063.95 crore, whereas deposits grew by 4.45% QoQ and 23.27% YoY to INR42361.55 crore. On the margin front, the Net Interest Margin (NIM) stood at 3.29%. Moreover, the bank has improved its assets quality, NNPA and GNPA of the bank stood at 0.27% and 0.98% improved by 2 and 4bps QoQ respectively. Capital Adequacy Ratio (CAR) of the bank stood at 13.85%, which is 4.85% more than the regulator's stipulated norm of 9%.

Source : Equity Bulls

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