Mumbai, January 31, 2025 – IndusInd Bank Limited (NSE: INDUSINDBK, BSE: 532187) has released its unaudited financial results for the third quarter (Q3) and nine months (9M) ended December 31, 2024.
Key Financial Highlights (Q3 FY25 vs Q3 FY24)
| Financial Metric | Q3 FY25 | YoY Change | QoQ Change |
|---|---|---|---|
| Loans | ₹3,66,889 Cr | +12% | +3% |
| Deposits | ₹4,09,438 Cr | +11% | -1% |
| CASA Deposits | ₹1,42,818 Cr | +1% | -3% |
| Net Interest Income (NII) | ₹5,228 Cr | -1% | -2% |
| Total Other Income | ₹2,355 Cr | -2% | +8% |
| Revenue | ₹7,583 Cr | -1% | +1% |
| Operating Profit | ₹3,601 Cr | -11% | Flat |
| Net Profit | ₹1,402 Cr | -39% | +5% |
| Net Interest Margin (NIM) | 3.93% | -36 bps | -15 bps |
| Return on Assets (RoA) | 1.03% | -90 bps | +3 bps |
| Return on Equity (RoE) | 8.45% | -700 bps | +34 bps |
Balance Sheet & Capital Position
- Total Assets: ₹5,49,499 Cr (+12% YoY, +1% QoQ)
- CRAR: 16.46% (Tier 1: 15.18%, Tier 2: 1.28%)
- Provision Coverage Ratio (PCR): 70%
- Liquidity Coverage Ratio (LCR): 118%
Loan Book Composition
IndusInd Bank maintains a diversified loan book, with Retail Loans (54%) and Wholesale Loans (46%).- Vehicle Finance: ₹93,586 Cr (25% of total loans)
- Microfinance: ₹32,564 Cr (9% of total loans)
- Gems & Jewellery: ₹9,317 Cr (3% of total loans)
- Corporate & SME Banking: ₹1,70,236 Cr (46% of total loans)
Asset Quality
- Gross NPA: 2.25% (vs. 2.11% in Q2 FY25)
- Net NPA: 0.68% (vs. 0.64% in Q2 FY25)
- Total Loan Provisions: ₹8,792 Cr (2.40% of loans)
- Restructured Advances: 0.18% of total advances
Digital & CASA Growth
IndusInd Bank continues to expand its digital presence:- Overall digital transactions: 93% of total banking transactions
- Retail Deposits Growth: 14% YoY
- CASA Ratio: 35% (down from 38% YoY)
Management Commentary
Sumant Kathpalia, Managing Director & CEO, stated:Outlook
- The bank aims to strengthen its digital banking services and increase penetration in rural & semi-urban markets.
- The cost-to-income ratio remains high at 52.52%, which may require further optimization.
- NIM compression and higher provisions affected profitability, but loan growth and fee income diversification remain key focus areas.
Market Position & Competitor Comparison
- IndusInd Bank remains the 5th largest private sector bank in India.
- It continues to compete with HDFC Bank, ICICI Bank, and Axis Bank in retail lending and SME banking.
- Strong presence in vehicle finance and microfinance differentiates IndusInd from larger competitors.