IndusInd Full Year Net Profit rises 27 %

Highlights of the Results:

• Net Profit for FY 2015 is higher at Rs 1,794 crore compared to Rs 1,408 crore of the previous year, a growth of  27%
• Net Profit for Q4 FY 2015 is higher at Rs 495 crore as against Rs 396 crore corresponding quarter of the previous year
• Net Profit for Q4 FY 2015 is at Rs 495 crore, shows  a strong growth of 11 % compared to Net Profit of Rs 447 crore of Q3 FY 2015
• Core Fee Income rises 29 %
• Net Interest Margin  stable at 3.68%
• Gross /Net NPAs dips 0.81% /0.31% respectively
• EPS is at Rs 33.99 as against Rs 26.85 in the previous year
• Branch Network increased to 801 branches

The Board of Directors of IndusInd Bank Ltd., approved and adopted its Financial Results for the fourth quarter and full year ended March 31, 2015.

Performance Highlights  at  a glance:                                                                                                (Rs. Crores)

 

Particulars	Q4 FY15	Q4 FY14	YOY Growth (%)	Q3 FY15	QOQ growth (%)	12 Month FY15	12 Months FY14	YOY growth (%)
Net Profit	495.27	396.05	25	447.19	11	1793.72	1408.02	27
Net Interest Income	925.14	781.21	18	861.37	7	3420.28	2890.71	18
Core Fee Income	568.57	441.87	29	522.27	9	2086.66	1609.71	30
Total Non Interest Income	658.48	522.92	26	610.75	8	2403.87	1890.53	27
Basic EPS (Rs) (Not Annualised)	9.36	7.54	–	8.46	–	33.99	26.85	–

 

 

Key Ratios

Particulars (in %)	Q4 FY15	Q3 FY15	Q4 FY14
Return on Assets (RoA)	1.91	1.90	1.91
Return on Equity (RoE)	19.79	18.31	18.52
Capital Adequacy Ratio (CAR)	12.09	12.39	13.83
Capital Adequacy Ratio-Tier I	11.22	11.51	12.71
Net NPA	0.31	0.32	0.33
Net Interest Margin	3.68	3.67	3.75

 

 

Performance highlights for the quarter ended March 31, 2015 are:

• Net Profit  was Rs. 495.27 crore as against Rs. 396.05 crore in the corresponding quarter of the previous year, showing a strong growth of 25 %
• Net Interest Income (NII) was Rs. 925.14 crore as compared to Rs. 781.21 crore in the corresponding quarter of the previous year, up by 18 %
• Core Fee Income was Rs 568.57 crore as compared to Rs 441.87 crore in the corresponding quarter of the previous year, up by 29%
• Total Non Interest Income was Rs. 658.48 crore as compared to Rs 522.92 crore in the corresponding quarter of the previous year, showing a growth of 26%
• Net Interest Margin (NIM) for the current quarter was 3.68 % as against 3.75 % in the corresponding quarter of the previous year

 

Performance highlights for the 12-month period ended March 31, 2015 are:

• Net Profit was Rs. 1,793.72 crore as against Rs. 1,408.02 crore in the corresponding period of the previous year, recording a jump of 27 %
• Net Interest Income (NII) was Rs.3,420.28 crore as compared to Rs. 2,890.71 crore in the corresponding period of the previous year, up 18 %
• Total Non Interest Income was Rs 2,403.87 crore as compared to Rs 1,890.53 crore in the corresponding period of the previous year, an increase by 27%. Core Fee Income was Rs 2,086.66 crore as against Rs 1,609.71 crore, registering a growth of 30%
• Total Revenue improved to Rs. 5,824.15 crore as compared to Rs 4,781.24 crore, an increase of 22%
• CASA improved to 34.13% as against 32.55 % as on March 31, 2014
• Net NPA was 0.31 % as compared to 0.33 % as on March 31, 2014
• Total Deposits increased to Rs.74,134 crore from Rs. 60,502 crore as on March 31, 2014, recording a growth of 23% for the year
• Total Advances for the year stood at Rs. 68,788 crore, recording a growth of 25% as against

Rs. 55,102 crore recorded in the last year

• The full year Basic  EPS works out to Rs 33.99 as against Rs.  26.85 in the previous year
• Branch Network significantly increased to 801 as against 602 branches, the previous year. The Bank’s ATMs increased to 1487 from 1110 ATMs, the previous year
• Announces a dividend of 40% as against 35%, the previous year

 

Commenting on the performance, Mr. Romesh Sobti, MD & CEO, IndusInd Bank said, “The results are in line with our estimates. The Bank delivered a Net Profit growth of 27% year-on-year supported by healthy traction of Core Fee Income at 30% and Net Interest Income at 18%. Though the industrial momentum is slow paced, we can see steady credit uptick which would accelerate growth in coming quarters.”