IndusInd Bank Q2 result FY25 reported around 40% year-on-year fall in the consolidated net profit. The consolidated net profit in Q2 FY25 was ₹1,331.29 crores lower than ₹2,202.16 crores profit of Q2 FY24. IndusInd Bank result date was October 24, 2024. In the last 1 day, IndusInd Bank share price has delivered a negative return of around 18.63%. (as on October 25, 2024).
IndusInd Bank Q2 Result FY25: Key Financials
IndusInd Bank is the fifth-largest private sector bank in India. The bank earned a revenue of ₹7,532 crores in Q2 FY25 which was 2% higher than the sequential quarter of FY24.
The CASA deposits grew by 5% YoY in Q2 FY25 to ₹1,47,944 crores as per the IndusInd Bank quarterly results. CASA deposits constitute 35.87% of total deposits as of the end of the Q2 quarter of FY25.
Here are the key highlights of the quarterly result of IndusInd Bank and its YoY and QoQ change:
| Key Financials | Q2 FY25 | YoY Change | QoQ Change |
|---|---|---|---|
| Loans | ₹3,57,159 | 13% | 3% |
| Deposits | ₹4,12,397 | 15% | 3% |
| CASA | ₹1,47,944 | 5% | 1% |
| Term Deposits | ₹2,64,453 | 21% | 5% |
| Total Assets | ₹5,43,407 | 14% | 2% |
| Net Interest Income | ₹5,347 | 5% | -1% |
| Total Other Income | ₹2,185 | -4% | -11% |
| Revenue | ₹7,532 | 2% | -4% |
| Operating Profit | ₹3,600 | -8% | -9% |
| Net Profit | ₹1,331 | -40% | -39% |
*(in ₹ crores)
IndusInd Bank Q2 Result FY25: Key Ratios
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According to the IndusInd Bank results, the yield on assets was 9.69% in the Q2 FY25. The cost of funds rose to 5.61% in the second quarter of FY25 from 5.40% in the same quarter of FY24.
GNPA was 2.11% of gross advances as of Q2 FY25 higher than the ratio of 2.02% in Q1 FY25. NNPA was 0.64% of net advances as of Q2 FY25, higher than 0.60% in Q1 FY25. As of Q2 FY25, the total loan-related provisions were 2.4% of the loan book at ₹8,412 crores.
| Key Ratios | Q2 FY25 | YoY Change | QoQ Change |
|---|---|---|---|
| Net Interest Margin | 4.08% | -21 bps | -17 bps |
| Return on Assets | 1.00% | -90 bps | -70 bps |
| Return on Equity | 8.11% | -722 bps | -541 bps |
| Cost to Income | 52.21% | 533 bps | 256 bps |
| Net NPA | 0.64% | 7 bps | 4 bps |
Conclusion
IndusInd Bank Q2 result for FY25 highlighted that the bank’s key strengths are a diversified loan book, robust liability franchise, stable asset quality, healthy capital adequacy, and execution of a new digital strategy. In the last 1-year, IndusInd Bank share price has given a negative return of 26.27% (as on October 25, 2024).
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Reference
https://www.indusind.com/content/dam/indusind-corporate/investors/QuarterFinancialResults/FY2024-2025/Quarter2/InvestorPresentationsignedF.pdf
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