IndusInd Bank announced consolidated Q4FY24 & FY24 results:
Financial Highlights:
- Net Profit at Rs 8,977 crore for the year ended March 31, 2024 up by 21% over the previous year at Rs 7,443 crore.
- Net Interest Income (NII) grew by 15% YoY to Rs 5,376 crore from Rs 4,669 crore.
- NIM at 4.26% as compared to 4.28% for Q4FY23 and 4.29% for Q3FY24.
- Quarterly Net Profit grew by 15% YoY to Rs 2,349 crore from Rs 2,043 crore.
- Deposits grew by 14% YoY to Rs 3,84,586 crore from Rs 3,36,120 crore.
- Balance Sheet Footage crossed 5 trillion mark at Rs 5,15,094 crore.
- Gross NPA and Net NPA ratios improved to 1.92% and 0.57% from 1.98% and 0.59% YoY respectively and PCR at 71% as at March 31, 2024.
- CRAR as on March 31, 2024 at 17.23% as compared to 17.86% on March 31, 2023.