IndusInd Bank Ltd's Q3FY25 Quarter Results
- 01 Feb 2025
Result Summary
- IndusInd Bank Ltd reported a 1.9% 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 8.5%.
- Its expenses for the quarter were up by 2.5% QoQ and 16.4% YoY.
- The net profit increased 5.3% QoQ and decreased 39.1% YoY.
- The earnings per share (EPS) of IndusInd Bank Ltd stood at 18 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 15155.80 | 14871.25 | 13968.17 | 1.9% | 8.5% |
Total Expenses | 11555.15 | 11271.42 | 9925.84 | 2.5% | 16.4% |
Provisions & contingencies | 1743.63 | 1820.10 | 969.25 | -4.2% | 79.9% |
Profit Before Tax | 1857.02 | 1779.73 | 3073.08 | 4.3% | -39.6% |
Tax | 454.67 | 448.47 | 771.66 | 1.4% | -41.1% |
Profit After Tax | 1402.33 | 1331.29 | 2301.49 | 5.3% | -39.1% |
Earnings Per Share | 18.00 | 17.10 | 29.60 | 5.3% | -39.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
IndusInd Bank Ltd is a prominent banking institution in India, providing a wide array of financial services to its customers. The bank operates in the financial services industry, offering retail banking, corporate banking, and treasury operations. IndusInd Bank is known for its varied product offerings, including loans, credit cards, savings and current accounts, and investment services. While specific recent developments are not provided, the bank is typically involved in initiatives that enhance its digital banking capabilities and expand its customer base. The focus remains on maintaining a robust financial health and delivering value to its stakeholders through diversified services.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), IndusInd Bank Ltd reported a total income of ₹15,155.80 crores. This represents a sequential increase of 1.9% from the previous quarter (Q2FY25), where the total income stood at ₹14,871.25 crores. On a year-over-year basis, the total income grew by 8.5% compared to ₹13,968.17 crores in the third quarter of fiscal year 2024 (Q3FY24). The steady increase in total income highlights the bank's revenue-generating capacity over both the quarterly and yearly periods.
Profitability
IndusInd Bank's profitability metrics for Q3FY25 reflect a complex financial landscape. The bank's profit before tax (PBT) was ₹1,857.02 crores, marking a quarter-over-quarter increase of 4.3% from ₹1,779.73 crores in Q2FY25. However, on a year-over-year basis, PBT decreased by 39.6% from ₹3,073.08 crores in Q3FY24. The profit after tax (PAT) for Q3FY25 was ₹1,402.33 crores, which is a 5.3% increase from ₹1,331.29 crores in the previous quarter. Despite this, the PAT declined by 39.1% compared to ₹2,301.49 crores in Q3FY24. The earnings per share (EPS) also followed a similar trend, showing a quarterly rise of 5.3% to ₹18.00 but a yearly decline of 39.2% from ₹29.60.
Operating Metrics
The bank's total expenses for Q3FY25 amounted to ₹11,555.15 crores, which is a 2.5% increase from the previous quarter and a 16.4% increase from the same quarter in the previous year. This indicates a rising trend in operating costs. Provisions and contingencies for the quarter were ₹1,743.63 crores, reflecting a decrease of 4.2% from Q2FY25 but a significant increase of 79.9% from Q3FY24. The tax expense for Q3FY25 was ₹454.67 crores, which is slightly higher than the ₹448.47 crores recorded in Q2FY25 but lower than the ₹771.66 crores in Q3FY24. The financial data shows changes in expense management and provisioning practices over the specified periods.
