Indian Bank's Q3FY25 Quarter Results
- 30 Jan 2025
Result Summary
- Indian Bank reported a 1.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 11.4%.
- Its expenses for the quarter were up by 1.4% QoQ and 9.8% YoY.
- The net profit increased 3.9% QoQ and increased 31.9% YoY.
- The earnings per share (EPS) of Indian Bank stood at 21.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 18167.54 | 17971.22 | 16315.35 | 1.1% | 11.4% |
Total Expenses | 13387.28 | 13198.16 | 12192.01 | 1.4% | 9.8% |
Provisions & contingencies | 1059.61 | 1099.07 | 1349.13 | -3.6% | -21.5% |
Profit Before Tax | 3720.65 | 3673.99 | 2774.21 | 1.3% | 34.1% |
Tax | 844.50 | 933.96 | 637.88 | -9.6% | 32.4% |
Profit After Tax | 2910.18 | 2800.81 | 2206.52 | 3.9% | 31.9% |
Earnings Per Share | 21.60 | 20.80 | 17.50 | 3.8% | 23.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Indian Bank is a prominent financial institution operating in the banking industry. As a public sector bank, it offers a wide range of banking products and services, including corporate banking, retail banking, and treasury operations. Indian Bank caters to a diverse clientele through its extensive network of branches and digital banking platforms across India. The bank has been actively involved in various government schemes and initiatives aimed at financial inclusion and economic development. In recent times, Indian Bank has focused on enhancing its digital infrastructure to improve customer service and operational efficiency. However, detailed information regarding any recent major developments specific to Indian Bank is not available.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Indian Bank reported a total income of ₹18,167.54 crores. This represents a quarter-over-quarter (QoQ) increase of 1.1% from ₹17,971.22 crores in the second quarter of the fiscal year 2025 (Q2FY25). The year-over-year (YoY) growth was 11.4% compared to the same quarter in the previous fiscal year (Q3FY24), where the total income was ₹16,315.35 crores. The steady increase in total income highlights the bank's capacity to generate revenue through its core banking operations. This growth could be attributed to various factors, such as an increase in interest income, fee-based income, or other banking activities.
Profitability
Indian Bank's profitability metrics for Q3FY25 indicate a positive trajectory. The Profit Before Tax (PBT) stood at ₹3,720.65 crores, showing a QoQ growth of 1.3% from the previous quarter's ₹3,673.99 crores. On a YoY basis, PBT increased significantly by 34.1% from ₹2,774.21 crores in Q3FY24. The Profit After Tax (PAT) for Q3FY25 was ₹2,910.18 crores, reflecting a QoQ increase of 3.9% from ₹2,800.81 crores in Q2FY25 and a YoY increase of 31.9% from ₹2,206.52 crores in Q3FY24. Earnings Per Share (EPS) also improved, reaching ₹21.60 in Q3FY25, up from ₹20.80 in the previous quarter and ₹17.50 a year ago. The reduction in tax from ₹933.96 crores in Q2FY25 to ₹844.50 crores in Q3FY25 contributed to the improvement in net profitability.
Operating Metrics
The total expenses incurred by Indian Bank in Q3FY25 were ₹13,387.28 crores, marking a 1.4% increase from Q2FY25's expenses of ₹13,198.16 crores. On a YoY basis, total expenses rose by 9.8% from ₹12,192.01 crores in Q3FY24. The provisions and contingencies for Q3FY25 were ₹1,059.61 crores, which is a decrease of 3.6% from ₹1,099.07 crores in the previous quarter and a significant decline of 21.5% compared to ₹1,349.13 crores in Q3FY24. The decrease in provisions and contingencies suggests a reduction in potential credit losses or other financial risks during the current quarter. These operational metrics reflect Indian Bank's efforts in managing its cost structure while also provisioning for potential risks in its lending portfolio.
