Q4 & FY 14-15 RESULTS INDUSIND BANK - Q4 NPT UP 25% YoY;NIM 3.68%;NET NPA 0.31% -

IndusInd Bank

Q4 & FY2014-15 RESULTS

Full Year Net Profit rises 27 % Q-o-Q

PAT growth at 11%

Highlights of the Results:

· Net Profit for FY2015 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 FY2015

· 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

Performance Highlights at a glance :

(Rs. Crores)

DETAILS	Q4 FY15	Q4 FY14	YoY%	Q3 FY15	QoQ%	FY15	FY14	YoY%
NET PROFIT	495	396	25	447	11	1794	1408	27
NET INTT INCOME	925	781	18	861	7	3420	2891	18
CORE FEE INCOME	569	442	29	522	9	2087	1610	30
TOTAL NON INTT INCOME	658	523	26	611	8	2404	1891	27
BASIC EPS(Rs)	9.36	7.54		8.46		33.99	26.85
ROA	1.91%	1.91%		1.90%
ROE	19.79	18.52		18.31
CAR	12.09	13.83		12.39
CAR-TIER 1	11.22	12.71		11.51
NET NPA	0.31	0.33		0.32
NET INTT MARGIN	3.68	3.75		3.67

Performance highlights

for the quarter ended March 31, 2015

· 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

· 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.”

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