IndusInd Bank - Q4FY13 Result Update - Microsec

IndusInd Bank Ltd announced its Q4FY13 result on 18th April 2013.

The Bank's total income increased by 10.23% QoQ and 36.05% YoY to INR1029.12 crores, driven by robust YoY growth in its Net Interest Income (NII) and Other Income (OI) by 42.38% and 25.97% respectively. Whereas, Profit After Tax (PAT) increased by 15.01% QoQ and 37.61% YoY to INR307.40 crores.

During the quarter, Bank has increased its provision by 4.03% QoQ and 77.97% YoY to INR81.85 crores. Its loan book and total deposits expanded by 26.40% and 27.75% YoY to INR44320.61 and INR54116.72 crores respectively. On the asset quality front, Bank's NNPA and GNPA increased by 1 and 4bps QoQ and 4 and 5bps YoY to 0.31% and 1.03% respectively. However, Net Interest Margin (NIM) has improved by 24bps QoQ and 41bps YoY to 3.70%. Moreover, the Bank is well capitalized to support its growth trajectory. Capital Adequacy Ratio (CAR) improved by 35bps QoQ and 151bps YoY to 15.36%, which is 6.36% higher than the regulator's stringent norm. Provision Coverage Ratio (PCR) stood at 70.13%.

In FY13, the Bank's topline increased by 32.39% YoY to INR3595.82 crores whereas, bottom line increased by 32.22% YoY to INR1061.18 crores.

For the year ended March 31, 2013, the Board of Directors has recommended a dividend of 30% (Previous year 22%), subject to the approval of the members at the ensuring Annual General Meeting (AGM).

Source : Equity Bulls

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