IndusInd Bank
INDUSIND BANK has performed excellently in the 2nd Quarter
ending Sep,2012. The results are analysed
below :
HIGHLIGHTS
Rs.Cr.
|
Q2FY13
|
Q2FY12
|
YOY GROWTH
|
H1FY13
|
H1FY12
|
Net Profit
|
250.25
|
193.09
|
30%
|
486.51
|
373.27
|
OPT
|
419.82
|
332.98
|
26%
|
823.85
|
644.7
|
NII
|
509.73
|
419.19
|
22%
|
993.83
|
809.2
|
core fee Income
|
296.1
|
211.87
|
40%
|
565.14
|
399.27
|
NonIntt Income
|
320.49
|
239.21
|
34%
|
639.27
|
454.61
|
Key Ratios
|
|||||
NIM%
|
3.25%
|
3.22%
|
|||
ROE%
|
20.45%
|
20%
|
|||
ROA
|
1.56%
|
1.57%
|
|||
Prov.Cov.
|
72.09%
|
72.64%
|
|||
Net NPA
|
0.29%
|
0.27%
|
|||
Performance Highlights for Q2
FY 13
Ø Net Profit for Q2 FY 13 was Rs 250.25 Cr as against Rs 193.09 Cr in Q2 FY 12,
showing a growth of 30%. (QoQ :6% on Rs.236.26 Cr)
Ø Operating Profit for Q2 FY 13 was Rs 419.82 Cr as against Rs 332.98 Cr in Q2 FY 12,
showing a growth of 26%. (QoQ : 4%)
Ø Net Interest Income (NII) was Rs.509.73 Cr as compared to Rs 419.19 Cr in Q2 FY 12,
registering robust growth of 22%. (QoQ :5%)
Ø Core Fee Income for Q2 FY 13 was Rs 296.10 Cr as against Rs 211.87 Cr in Q2 FY 12,
showing a spectacular growth of 40%. (QoQ : 10%)
Ø Non Interest Income for Q2 FY 13 was Rs 320.49 Cr as against Rs 239.21 Cr in Q2 FY 12,
showing a spectacular growth of 34%. (QoQ : 1%)
Ø Net Interest Margin (NIM) for Q2 FY 13 was 3.25% as against 3.35% in Q2 FY 12. (3.22% in Q1
FY 13)
Ø Revenue has grown to 830.23 crs in Q2 FY 13 ; up by 26% YoY and up by 3%
QoQ;
Ø Profit before Tax stands at Rs.370.75 cr in
Q2 FY 13 (Q2 FY 12 :286.01);up by 30% YoY; and up by 6% QoQ(Q1 FY 13
:Rs.350.53);
Ø Book Value stands at 106.76 per share in Q2 FY 13 against Rs.101.69 in Q1 FY
13 and Rs.90.23 in Q2 FY 12.
Ø Net worth :Rs.5025 Cr in Q2 FY 13; (Rs.4205 cr in Q2 FY 12; Rs.4766 cr in
Q1 FY 13).
Ø EPS ANNUALIZED :Rs.21.32 in Q2 FY 13;
(Rs.16.57 in Q2 FY 12; and Rs.20.20 in Q1 FY 13);
Ø ROE stands at 20.45% in Q2 FY 13 (Q2 FY 12:18.81%; Q1 FY 13 :20.35%)
Ø ROA : 1.56% in Q2 FY 13;(Q2 FY 12 :1.55%; Q1 FY 13 : 1.57%);
Performance highlights
for the 6-month
period ended Sept 30, 2012:
o Net Profit for the half year period ended September 30, 2012 was Rs 486.51 Cr
as against Rs 373.27 Cr in the corresponding period of previous year, up 30%.
o Operating Profit for the half year period ended September 30, 2012 was Rs 823.85 Cr
as against Rs.644.70 Cr in the corresponding period of the previous year, up 28%.
o Net Interest Income (NII) was Rs 993.83 Cr as compared to Rs 809.20 Cr in the corresponding
period of the previous year, up 23%.
o Core Fee Income was Rs 565.14 Cr as against Rs 399.27 Cr in the corresponding
period of the previous year, showing a massive growth of 42%
o Non Interest Income was Rs 639.27 Cr as against Rs 454.61 Cr in the corresponding
period of the previous year, up by 41%.
o The CASA (Current
Accounts-Savings Accounts) ratio improved to
27.98% against 27.70%.
o Gross NPA in current Q2 has dropped to 1.03% from 1.09% in previous year Q2. The net NPA too has fallen to 0.29% in current Q2 as against 0.31% in the
previous Q2.
o Increase in branch network from 350 Branches and 666 ATMs the previous year to 441 branches
and 796 ATMs this year as on 30th September, 2012.
OTHER INFORMATION
Ø Advances grew by 30.83 % to Rs.39,427Crs (QoQ : 6%);
Ø Corporate Advances Grew by 18% to Rs.18,993 Crs (QoQ : 3%);
Ø Consumer Finance Advances grew to Rs.20,434 Crs – up by 45% YoY and 9% QoQ;
Ø Deposits grew to Rs.47,765 Crs ; up by 24.49 % YoY and 6% QoQ.
Ø CASA grew to Rs.13,365 Crs ; up by 26% YoY; and 6% QoQ
Ø ·Capital Adequacy Ratio (with accrued profit) as on September 30, 2012 was 12.85% as against 15.45% at the end
of September 30, 2011.
Commenting on the performance, Mr. Romesh Sobti, MD & CEO,
IndusInd Bank said, “Q2 results maintain the trend of previous Quarters, apart
from maintaining the growth rates and continuing momentum in Core Fee as well
as Net Interest Income, IndusInd bank was able to sustain the health of its
loan book. The Bank achieved another milestone of launching its 100th solar ATM
in the country. The project is in line with the long term philosophy of the
Bank which guides it to strive to be a responsible environment friendly with
the belief that ‘Good Ecology is Good Economics’.”
AWARDS:
• IBA Banking Technology Awards :
1st Runners- Up
- Best Risk
Management & IT Security
- Best Use of
Technology in training & e Learning
2nd Runners-Up
- Best Online
Bank
- Best use of
Business Intelligence
- Best use of
Mobility technology in Banking
• Sunday Standard Finwiz 2012 - Best Bankers’ Awards
- Best Private
Sector Banker
(Category-
Medium)
Romesh Sobti , MD
& CEO, IndusInd Bank Ltd.
- Best Indian
Banker
(Category-
Medium)
Romesh Sobti , MD
& CEO, IndusInd Bank Ltd
· Institute for Development and Research in Banking Technology
(IDRBT).
The best bank award among small banks for ‘IT for Operational Effectiveness
• CIO Magazine – Top Green IT Enterprise Award 2012
• Panasonic Green Globe foundation Award 2012 in the “Business
Enterprise Services”
(UNEP/TERI/KPMG)
• NASSCOM IT User Award 2012 for “Environmental Sustainability”
(Frost & Sullivan)
• The CII Environmental Best Practice Award 2012 for the “Most
Innovative Project”
• Most Improved Bank Performance of the Year” at Financial
Leadership Awards 2012 (Bloomberg UTV)
• Winner of India Best Mid-Sized Bank Award by Business World -
PwC Best Banks Survey and Business Today- KPMG, Best Banks Survey.
• ‘Star Brand 2011’ ICMR Star Brands of India Survey
• ‘Best Bank in New Generation Category’ by the STATE FORUM OF
BANKERS CLUB, KERALA
• M.IT.R- 50 Marketing & IT Recognition Program amongst top 50
brands- (Paul Writer & IBM )
Planning Cycle II –
Pillars of Growth
Loan Book to Grow 25-30% p.a. well above Market Growth (Q2 : 31%)
Consumer Finance to grow beyond Rs.25000 Crs by Mar,2014 ; To be
funded by CASA (Q2 : Rs.20434cr. Growth 25%);
CASA to reach >35% by March 2014 (Q2 : Growth 26%; CASA : 28%)
CD Ratio >25% < 80%; ,Deposits to be put to efficient Use
(Q2 : 83%)
Fee Growth to exceed Loan Growth with increased focus on (New) Fee
enhancers (Q2 : Fee Growth 40%)
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