Q1FY22 Result Update - IndusInd Bank - ICICI Direct

IndusInd Bank reported operationally in line results.

- GNPA up 21 bps QoQ to 2.88%. Restructured book at 2.7%

- Total loan related provisions at 3.6% of loans

- Loan growth at 6.4% YoY while deposits were up 27% YoY

- NII up 7.7% YoY, NIMs down 7 bps QoQ to 4.06%, PAT at Rs. 975 crore

Key triggers for future price performance

- Focus to pedal growth with corporate re-alignment over

- Healthy capitalisation (CRAR at 17.57%) post warrant conversion

- Maintain guidance on NIMs and business traction is positive

- Return ratios set to improve with RoA/RoE reaching 1.4%, 11.3%, respectively, by FY23E

For details, click on the link below: Link to the report

Shares of INDUSIND BANK LTD. was last trading in BSE at Rs. 981 as compared to the previous close of Rs. 991.95. The total number of shares traded during the day was 79729 in over 2978 trades.

The stock hit an intraday high of Rs. 999.95 and intraday low of 979.65. The net turnover during the day was Rs. 78729040.

Source : Equity Bulls

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