Gold Silver Reports (GSR) – IndusInd Bank Q4 Net Profit Matches Estimates In Q4 — Shares of the Mumbai-based private sector lender fell 1.6 percent to Rs 1,814 after it reported divergence in NPAs to the tune of Rs 1,350 crore in March quarter.
⭐ Net interest income (NII) up 20.4 percent at Rs 2,007.6 crore versus Rs 1,667.4 crore (YoY)
⭐ Net profit up 26.8 percent at Rs 953.09 crore versus Rs 751.61 crore (YoY); Bloomberg estimate of Rs 964 crore
⭐ Divergence in Gross nin-performing assets (NPA) at Rs 1,350 crore
⭐ Gross NPAs as a percentage of total advances at 1.17 percent versus 1.16 percent (QoQ); 0.93 percent (YoY)
⭐ Net NPAs as a percentage of total advances at 0.51 percent versus 0.46 percent (QoQ); 0.39 percent (YoY)
⭐ Provisions at Rs 335.5 crore versus Rs 236.1 crore (QoQ); Rs 430 crore (YoY)
