IndusInd Bank Q1 results show revenue rise from 12174.31 to 12939.47 crores, a 6.29% increase in growth. EPS also rise from Rs.26.31 to Rs.27.34, up by 3.91%.
First, Let’s Begin with Quarter-on-Quarter Basis:
IndusInd Bank shared its Q1 results on Wednesday. They earned 12939.47 crores in revenue this quarter, but that’s more than the 12174.31 crores they made last quarter. The bank’s growth increased by 6.29 percent when comparing the two quarters.
In terms of profits, IndusInd Bank’s PAT (Profit After Tax) for this quarter was 2124.50 crores, up from 2043.44 crores in the previous quarter. Their quarter-to-quarter growth inclined by 3.97 percent.
The Bank’s EPS (Earnings Per Share) this quarter is Rs.27.34, which is an increase of 3.91% from the Rs.26.31 EPS in the previous quarter.
In addition, Bank’s net NPA (Non-Performing Assets) decreased to 0.58% this quarter from 0.67% in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The bank made a total revenue of 12939.47 crores this year (2023), which is 27.95 percent higher than last year’s total revenue of 10113.29 crores.
This Year’s PAT (Profit After Tax) is 2124.50 crores, which is also 30.25% higher than last year’s PAT of 1631.14 crores.
The EPS (Earnings Per Share) for this year is 27.34 crores, which is 30.00% more than the EPS of 21.03 crores earned last year.
Bank’s gross NPA (Non-Performing Assets) dropped to 1.94% this year from 2.35% in the previous year, resulting in a decrease of 41 basis points in the bank’s gross NPA.
The CAR (capital adequacy ratio) of the bank increased to 18.40 percent this year from 18.14 percent in the previous year.
The ROA (return on assets) of the bank increased to 1.90 percent in this quarter from 1.73 percent in the previous year.
Also Read: Network18 Media Q1FY24 Results: Consolidated Loss of Rs. 38.73 Cr
IndusInd Bank Share Dividend Announcement / Record Date:
The Board of Directors has declared a Final Dividend of ₹14 per Equity Share of Face Value of ₹10 each of the bank (140% of Face Value).
About IndusInd Bank:
Mumbai is the home of the Indian financial institution IndusInd Bank Limited. Manmohan Singh, who was the Union Finance Minister at the time, formally opened IndusInd Bank in April 1994.
Download the Full PDF of IndusInd Bank Q1 Results: Click Here
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