INDUSIND
BANK RESULTS
Q2 FY
2015-16
INDUSIND BANK has declared excellent results for the second quarter of 2015-16
- IndusInd
Bank Q2 Net Profit up by 30% at Rs.560.04 crore YoY basis
- Operating
Profit up by 39% to Rs.1,006.53 crore YoY basis
- Non
Interest Income increases by 32% YoY basis
- Capital
Adequacy Ratio ( CAR) improves to 16.52%
- Net
NPA down to 0.31%
Highlights
of Q2 FY 2016
Ø Key performance
vectors show significant improvement.
Ø NIM increased
to 3.88%
Ø Net Profit up
by 30%
Ø Total Revenue
up by 32%
Ø Net NPA down to
0.31%
Ø Capital
Adequacy Ratio ( CAR) improves to 16.52%
Performance highlights
· Operating Profit for the quarter was Rs.1,006.53 crore as against
Rs.724.67 crore in the corresponding quarter of the previous year, showing a
robust growth of 39%
· Net Profit for the quarter was Rs.560.04 crore as against Rs.430.20 crore
in the corresponding quarter of the previous year, showing a consistent growth
of 30%
· Net Interest Income (NII) was Rs.1,094.28 crore as compared to
Rs.833.11 crore in the corresponding quarter of the previous year, registering
a growth of 31%
· Core Fee Income for the quarter was Rs.673.30 crore as against
Rs.544.99 crore in the corresponding quarter of the previous year, marking a
sustained growth of 24 %
· Non Interest Income for the quarter was Rs.783.54 crore as against
Rs.593.96 crore in the corresponding quarter of the previous year, a growth of
32%
· Net Interest Margin (NIM) for the current quarter was 3.88 % as against
3.63 % in the corresponding quarter of the previous year
Performance highlights
for the 6-month period
ended September 30, 2015
· Operating Profit for the half-year ended was Rs.1,929.25 crore as
against Rs.1,473.87 crore in the corresponding period of the previous year,
showing a growth of 31%
· Net Profit for the half-year ended September 30, 2015 was Rs.1,085.08
crore as against Rs. 851.26 crore in the corresponding period of previous year,
up by 27%
· Net Interest Income (NII) was Rs.2,074.94 crore as compared to
Rs.1,633.77 crore in the corresponding period of the previous year, up 27%
· Core Fee Income was Rs.1,309.50 crore as against Rs.1,061.06 crore in
the corresponding period of the previous year, showing a consistent growth of
23 %
· Non-Interest Income was Rs.1,545.15 crore as against Rs.1,199.88 crore in
the corresponding period of the previous year, up by 29%
· The CASA (Current Accounts-Savings Accounts) ratio improved to 34.74 %
against 33.89 %
· Gross NPA in current Q2 is at 0.77% as against 1.08% in the previous
year Q2
· Increase in branch network from 685 branches and 1277 ATMs in the
previous year to 854 branches and 1578 ATMs this year as on 30th September,
2015
· Total Advances as on September 30, 2015 were at Rs. 78,294 crore as
compared to Rs. 59,931 crore in the corresponding period of the previous year, recording a growth of
31 %
· Total Deposits as on September 30, 2015 were at Rs. 80,841 crore as
compared to Rs. 65,996 crore in the corresponding period of the previous year, up by 22%
· Capital Adequacy Ratio as per BASEL III Capital regulations as on
September 30, 2015 was 16.52 %
· During the quarter, Bank successfully completed a Qualified Institutions
Placement (QIP) issue allotting 5,12,18,640 equity shares of Rs. 10/-each at a
price of Rs. 845.00 per share aggregating to Rs. 4,327.98 crores and a Preferential
Allotment of 87,81,360 equity shares of Rs. 10/-each at a price of Rs.857.20 per
share to the promoters aggregating to Rs. 752.74 crores.”
· The Bank integrated Diamond
and Jewellery financing
business acquired from
Royal Bank of
Scotland N.V. involving takeover
various assets and liabilities including
an advance portfolio
of Rs. 4,130.40 crores.
Commenting on the performance, Mr.
Romesh Sobti, MD & CEO, IndusInd Bank said, “This quarter, the Bank has
shown consistent performance in its bottom lines given the challenging times,
both globally as well as in
the domestic market.
However, the
overall industry sentiment
is looking positive.
Our Operating Profit rose by 39% and our NIM has grown to a healthy
3.88%. Digitisation continues to be a core area of thrust for us. We remain committed to our
promise of Responsive Innovation
theme with the introduction of ‘Onthego’
Social Banking which offers customers a host of banking services including transactions through
social platforms like
Twitter and Facebook
without the necessity
of downloading an additional
app.”
About IndusInd Bank
IndusInd Bank,
which commenced operations
in 1994, caters
to the needs
of both consumer
and corporate customers. Its
technology platform supports
multi-channel delivery capabilities.
As on September 30, 2015,
IndusInd Bank has 854 branches, and 1578
ATMs spread across 544 geographical locations of the country. The Bank also has
representative offices in London, Dubai and Abu Dhabi. The Bank believes
in driving its
business through technology.
It enjoys clearing
bank status for
both major stock exchanges-BSE
and NSE -and major commodity exchanges in the country, including MCX, NCDEX, and NMCE.
IndusInd Bank on
April 1, 2013
was included in
the NIFTY 50
benchmark index. Recently, IndusInd Bank
ranked 13th amongst
the Top 50
Most Valuable Indian
Brands 2015 as per
the BrandZ Top 50 rankings
powered by WPP and Millward Brown.
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