Indian Bank Q4 results show revenue climbs from 13,550.68 to 14,238.29 crores, a 4.83% increase in growth. EPS also increased from Rs 11.21 to Rs 11.62, down by 16.67%.
Let’s start with quarter and quarter bases first:
Indian Bank shared its Q4 results on Monday. They earned 14,238.29 crores in revenue this quarter, that’s higher than the 13,550.68 crores they made last quarter. fortunately, the bank’s growth increased by 4.83 percent when comparing the two quarters.
In terms of profits, Indian Bank’s PAT (Profit After Tax) for this quarter was 1447.28 crores, higher than 1395.76 crores in the previous quarter. Their quarter-to-quarter growth growing by 3.69 percent.
The bank’s EPS (Earnings Per Share) this quarter is Rs 11.62, which is an increase of 3.66% from Rs 11.21 EPS in the previous quarter.
Bank’s gross NPA (Non-Performing Assets) dropped to 5.95% this quarter from 6.53% in the previous quarter, resulting in a decrease of 58 basis points in the bank’s gross NPA.
In addition, the bank’s net NPA (Non-Performing Assets) decreased to 0.90% this quarter from 1.00% in the previous quarter, resulting in a 10 basis point decrease in the bank’s net NPA.
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Now let’s discuss the results on a year-on-year basis:
The bank made a total revenue of 52,085.2 crores this year (2023), which is 24.84% higher than last year’s total revenue of 45,771.67 crores.
This year’s PAT (Profit After Tax) is 5,281.70 crores, which is also 33.89% higher than last year’s PAT of 3,944.82 crores.
The EPS (Earnings Per Share) for this year is Rs 42.41, which is 30.98% higher than the EPS of Rs 32.38 earned last year.
The bank’s total deposit base grew to Rs. 621165.76 crores as of March 31, 2023. The CASA deposit, which is the cheapest source of funds, increased by 4.64% year-on-year.
Bank’s gross NPA (Non-Performing Assets) dropped to 5.95% this year from 8.47% in the previous year, resulting in a decrease of 252 basis points in the bank’s gross NPA.
In addition, the bank’s net NPA (Non-Performing Assets) decreased to 0.90% this year from 2.27% in the previous year, resulting in a 137 basis point decrease in the bank’s net NPA.
The CAR (capital adequacy ratio) of the bank increased to 16.49 percent this year from 16.53 percent in the previous year.
The ROA (return on assets) of the bank increased to 0.82 percent in this quarter from 0.62 percent in the previous year.
The bank earns the most revenue from its Retail and Corporate segments, which are its two major revenue sources.
Indian Bank Share Dividend Announcement / Record Date:
The Board of Directors has declared a Final Dividend of ₹8.60 per Equity Share of Face Value of ₹10 each of the bank (86% of Face Value). Total Dividend for FY23 stood at ₹6.50 per Equity Share (Interim Dividend of ₹10 per Equity Share)
|₹8.60 per Equity Share||Coming Soon|
Dividend’s record date has not yet come
About Indian Bank:
Indian Bank, headquartered in Chennai, is a public sector bank that was established in 1907. It boasts a vast customer base of over 100 million, with a workforce of 39,734 employees. The bank operates 5,721 branches equipped with 5,428 ATMs and Cash deposit machines. As of March 31, 2022, the bank’s total business has exceeded ₹1,010,000 crore.
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