IndusInd Bank Ltd has announced its Q1FY13 result on 10th July 2012. The bank’s total income increased by 6.14% QoQ and 32.62% YoY to INR318.78 crores. It is mainly, because of the healthy YoY growth in bank’s Other Income and Net Interest Income (NII) by 47.99% and 24.13% respectively. The Profit After Tax (PAT) increased by 5.77% QoQ and 31.12% YoY to INR236.26 crores.
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The bank’s loan book expanded by around 31% YoY to INR37,200 crore while deposits grew around 28% YoY to INR45,100 crore. On the assets quality front, the bank has improved its assets quality marginally, the GNPA and NNPA of the bank decreased by 11 and 3bps YoY to 0.97% and 0.27% respectively. The Capital Adequacy Ratio (CAR) stood at 12.86%, which is 3.86% more than the regulator stipulated norm. The share of current account and savings account (CASA) stood at 27.86% as against 28.20% in the corresponding quarter of the previous year. Moreover, the Net Interest Margin (NIM) of the bank stood at 3.22%, decreased by 7bps QoQ and 19bps YoY respectively.
DESCRIPTION
|
Q1'13
|
Q4'12
|
Q1'12
|
QoQ%
|
YoY%
|
Interest Earned
|
1632.04
|
1481.02
|
1164.58
|
10.20
|
40.14
|
Interest Expended
|
1147.94
|
1016.62
|
774.57
|
12.92
|
48.20
|
NII
|
484.10
|
464.40
|
390.01
|
4.24
|
24.13
|
Other Income
|
318.78
|
292.05
|
215.40
|
9.15
|
47.99
|
Total Income
|
802.88
|
756.45
|
605.41
|
6.14
|
32.62
|
Operating Expenses
|
398.85
|
377.36
|
293.69
|
5.69
|
35.81
|
Operating Profit before Prov.& Cont.
|
404.03
|
379.09
|
311.72
|
6.58
|
29.61
|
Provisions and Contingencies
|
53.50
|
45.99
|
44.59
|
16.33
|
19.98
|
PBT
|
350.53
|
333.10
|
267.13
|
5.23
|
31.22
|
Tax
|
114.27
|
109.72
|
86.95
|
4.15
|
31.42
|
Profit After Tax
|
236.26
|
223.38
|
180.18
|
5.77
|
31.12
|
Adj Calculated EPS
|
5.05
|
4.78
|
3.87
|
5.65
|
30.49
|
Advances
|
37200.00
|
35063.95
|
28384.00
|
6.09
|
31.06
|
Deposits
|
45100.00
|
42361.55
|
35264.00
|
6.46
|
27.89
|
Q1'13
|
Q4'12
|
Q1'12
|
QoQ (bps)
|
YoY(bps)
| |
Capital Adequacy Ratio Basel II
|
12.86%
|
13.85%
|
14.99%
|
-99.00
|
-213.00
|
% of Net NPAs
|
0.27%
|
0.27%
|
0.30%
|
0.00
|
-3.00
|
% of Gross NPAs
|
0.97%
|
0.98%
|
1.08%
|
-1.00
|
-11.00
|
CASA%
|
27.86%
|
27.30%
|
28.20%
|
56.00
|
-34.00
|
NIM %
|
3.22%
|
3.29%
|
3.41%
|
-7.00
|
-19.00
|
C/D ratio
|
82.48%
|
82.77%
|
80.49%
|
-29.00
|
199.00
|
C/I Ratio
|
49.68%
|
49.89%
|
48.51%
|
-21.00
|
117.00
|
OI/TI
|
50.32%
|
50.11%
|
51.49%
|
21.00
|
-117.00
|
Regards,
Team Microsec Research
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