IndusInd Bank’s Q4 and FY23 Results: Strong Performance and Stability

IndusInd Bank reported a net profit of INR 2,043 crores for the quarter ended March 31, 2023, a YoY increase of 46%. Net interest income increased by 17% YoY to INR 4,669 crores. The bank’s gross NPA was 1.98%, and net NPA was 0.59% as of March 31, 2023. The capital adequacy ratio (CAR) was 17.86%, and the CASA ratio was 40%. The bank’s balance sheet grew by 14% to INR 4,57,837 crores as of March 31, 2023.

Summary Table

Net Interest Margin (NIM) 4.28% ๐Ÿ’ฐ
Net Non-Performing Assets (NPA) Ratio0.59% ๐Ÿ“‰
Provision Coverage Ratio71% ๐Ÿ“Š
Capital Adequacy Ratio (CRAR)17.86% ๐Ÿ’ต
CASA deposits40% ๐Ÿ’ฐ
Liquidity Coverage Ratio123% ๐Ÿ“ˆ
Net Profit (Q4 FY23)โ‚น2,043 crores ๐Ÿ’ฐ
Pre-Provision Operating Profit (PPOP)โ‚น3,758 crores (Q4 FY23) ๐Ÿ’ผ
Net Interest Income (Q4 FY23)โ‚น4,669 crores ๐Ÿ’ฐ
Yield on Assets (Q4 FY23)9.20% ๐Ÿ“ˆ
Cost of Fund (Q4 FY23)4.92% ๐Ÿ“‰
Other Income (Q4 FY23)โ‚น2,154 crores ๐Ÿ’ฐ
Core Fee (Q4 FY23)โ‚น2,087 crores ๐Ÿ’ฐ
Operating Expenses (Q4 FY23)โ‚น3,066 crores ๐Ÿ’ธ
Net Profit (FY23)โ‚น7,443 crores ๐Ÿ’ฐ
Net Interest Income (FY23)โ‚น17,592 crores ๐Ÿ’ฐ
Fee Income (FY23)โ‚น8,173 crores ๐Ÿ’ฐ
Total Income (FY23)โ‚น44,541 crores ๐Ÿ’ฐ
Operating Expenses (FY23)โ‚น11,346 crores ๐Ÿ’ธ
Pre-Provision Operating Profit (FY23)โ‚น14,419 crores ๐Ÿ’ผ
Balance Sheet Footageโ‚น4,57,837 crores ๐Ÿ’ฐ
Depositsโ‚น3,36,120 crores ๐Ÿ’ฐ
Advancesโ‚น2,89,924 crores ๐Ÿ’ฐ
Gross NPA Ratio1.98% ๐Ÿ“Š
Net NPA Ratio0.59% ๐Ÿ“Š
Source: Indusind bank